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Bitget Pioneers Onchain Payments with Morph Chain Integration
Yahoo Financeยท 2025-11-06 10:30
Core Insights - Bitget has become the first exchange to integrate with Morph Chain, marking a significant milestone in its ecosystem expansion [1][2] - This integration allows users to trade all Morph assets directly with USDT from their Bitget spot wallet, enhancing the platform's capabilities [2][4] - The partnership aims to merge centralized trading efficiency with decentralized access, reinforcing Bitget's commitment to innovation in blockchain finance [2][5] Integration Details - Morph Chain serves as a dedicated Layer 2 blockchain for global settlement of onchain payments, enhancing real-world utility in blockchain finance [3][5] - Bitget transferred 440 million BGB to Morph, establishing it as the chain's native token, which is foundational for fast and programmable payments [3][4] - The integration follows a major upgrade to Bitget's Onchain ecosystem, which previously integrated four leading blockchains and introduced AI-powered tools for smart money tracking [4][5] Strategic Importance - Gracy Chen, CEO of Bitget, emphasized that the integration connects blockchain technology with real-world payments, moving towards stablecoin settlements as a backbone of global commerce [5][6] - This partnership is central to Bitget's Universal Exchange (UEX) vision, consolidating CEX-grade infrastructure and comprehensive onchain access into a unified platform [5][6] - The integration strengthens Bitget's role as a critical gateway for mainstream Web3 adoption, enhancing security, transparency, and user empowerment [6]