Bitget Unveils Initial Listing of MERL, Unleashing Bitcoin Ecosystem Potential

Bitget, a leading crypto exchange, announces the listing of MERL, the native token of Merlin Chain, on its Launchpool. Merlin Chain is a Layer2 solution that harnesses Polygon's ZK technology and enables seamless interoperability between Bitcoin's native assets and decentralized applications built on its network. The integration of Merlin Chain into the Bitget platform provides users with easy access to trade MERL tokens and participate in the growth of this innovative project.

Bitget Announces Initial Listing of MERL, Unlocking Layer2 Potential for Bitcoin Ecosystem

Victoria, Seychelles, April 17, 2024

Bitget, a leading cryptocurrency exchange and Web3 company, today announced the initial listing of MERL, the native token of Merlin Chain, on its Launchpool. This significant development marks a pivotal moment in the evolution of the Bitcoin ecosystem, paving the way for a scalable and efficient Layer2 solution that unleashes the full potential of Bitcoin's native assets, protocols, and products.

Merlin Chain: A Revolutionary Layer2 Solution for Bitcoin

Merlin Chain is a groundbreaking Layer2 solution that harnesses the power of Polygon's ZK technology. By integrating with Polygon, Merlin Chain provides a scalable and efficient platform for the Bitcoin ecosystem, enabling seamless interoperability between Bitcoin's native assets and a vast array of decentralized applications (dApps) and protocols.

Decentralized Oracle Network and Fraud Proof Architecture

At the core of Merlin Chain is a decentralized Oracle network, powered by Lumoz's decentralized ZK computing power network, which guarantees reliable and secure data availability. Merlin Chain employs robust cryptographic techniques to verify and validate data transactions on its network, ensuring data integrity and preventing potential attacks.

Additionally, Merlin Chain's innovative architecture allows challengers to present fraud proofs on disputed matters, leveraging Bitcoin's robust consensus mechanism to maintain network integrity and security. This feature provides users with peace of mind, knowing that the platform is resilient against malicious activities.

Bitget's Commitment to Supporting Cutting-Edge Innovation

"We are thrilled to welcome MERL to the Bitget platform," said Gracy Chen, Managing Director at Bitget. "Merlin Chain represents a significant milestone in the evolution of the Bitcoin ecosystem, offering a powerful Layer2 solution that opens up new possibilities for Bitcoin's native assets and protocols. With MERL now available for trading on Bitget, users can easily access and participate in the growth of this innovative project."

The listing of MERL on Bitget underscores the platform's unwavering commitment to supporting cutting-edge blockchain projects that drive innovation and foster the growth of the digital asset ecosystem. Bitget users can now trade MERL tokens and actively engage in the promising developments taking place on the Merlin Chain network.

Bitget's Market Position and Continuous Expansion

Bitget has consistently expanded its market share in both spot and derivatives trading among centralized exchanges. With a focus on providing users with opportunities to invest in popular and valuable projects, the platform has emerged as one of the top 10 crypto spot trading platforms globally, offering over 700 coins and 800 pairs, including BTC, ETH, SOL, and more. Throughout 2023, Bitget added over 350 new listings, further diversifying investment options for users.

Meanwhile, Bitget Wallet supports over 100 mainnets and 250,000+ tokens. Its on-chain trading function, Bitget Swap, enables seamless cross-chain trading between nearly 30 mainnets.

About Bitget

Established in 2018, Bitget is a leading global cryptocurrency exchange and Web3 company serving over 25 million users in 100+ countries and regions. The Bitget exchange is dedicated to helping users trade smarter with its pioneering copy trading feature and other advanced trading solutions. Formerly known as BitKeep, Bitget Wallet provides a comprehensive suite of Web3 solutions, including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget is committed to fostering crypto adoption through strategic partnerships with esteemed organizations, such as legendary Argentinian footballer Lionel Messi and PGL, the official eSports events organizer.

For more information, visit:

• Website: https://www.bitget.com/
• Twitter: https://twitter.com/bitgetglobal
• Telegram: https://t.me/bitgetglobal
• LinkedIn: https://www.linkedin.com/company/bitget-global/
• Discord: https://discord.gg/bitget
• Bitget Wallet: https://bitgetwallet.io/

Contact

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media@bitget.com