Bitget Launches Universal Exchange to Overcome Crypto Challenges
- Bitget launches Universal Exchange, integrating CEX, DEX, and TradFi.
- Led by CEO Gracy Chen for broader financial access.
- Features $700M protection fund for hybrid custody.
Bitget has launched the Universal Exchange (UEX) under CEO Gracy Chen, integrating centralized, decentralized, and traditional financial markets on a unified platform.
UEX attempts to resolve the exchange trilemma, potentially increasing global financial access while impacting major assets like BTC and ETH without immediate regulatory responses.
Bitget’s UEX Combines CEX, DEX, and Market TradFi
The introduction of UEX provides millions of on-chain tokens for trading from unified accounts. Assets like BTC, ETH, and tokenized stocks, including S&P 500 ETFs, are now accessible through this streamlined model.
The exchange operates under a $700 million protection fund, ensuring security with a hybrid custody model. This move positions Bitget as a frontrunner in integrating CEX and DEX with traditional financial products.
UEX’s Unified Interface Tackles Exchange Trilemma
Previous exchange models struggled with this trilemma, often sacrificing one element for another. Gracy Chen claims UEX surpasses these limitations by leveraging a unified interface for CEX, DEX, and TradFi.
Market observers suggest that if successful, UEX could significantly alter trading dynamics by providing a borderless trading environment. This innovation positions Bitget strategically within competitive cryptocurrency ecosystems.
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