Bitget lists Morpho Protocol (MORPHO) in Innovation and DeFi zone opening up Spot trading

/EIN News/ -- VICTORIA, Seychelles, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, has listed Morpho (MORPHO) in its Innovation and DeFi Zone. Deposits and trading for MORPHO are now open. Users can access the MORPHO/USDT trading pair via the spot trading corridor.

Morpho is a leading decentralized lending protocol built on Ethereum and Base networks, boasting a total value locked (TVL) exceeding $1.3 billion. Backed by a strong financing history, Morpho secured $50 million in funding as recently as August 2024, following an $18 million seed round in 2022. Renowned investors such as a16z, Coinbase Ventures, and Pantera Capital have supported the project.

As one of the most highly rated DeFi platforms, Morpho holds a DeFi Safety score of 98%. Its protocol offers permissionless lending with some of the most competitive rates available, appealing to a diverse user base. The platform’s user engagement remains strong with over 12,000 unique active wallets recorded in the past 30 days and more than 53,000 users eligible for rewards. Morpho's tokenomics shows sustainable growth and community engagement. Of the total token supply of one billion, strategic allocations have been made for ecosystem development, strategic partners, and community rewards. The token’s vesting schedules ensure a gradual and responsible distribution model, enhancing long-term stability.

The inclusion of MORPHO on Bitget's platform aligns with the exchange's strategy to offer users access to innovative and secure DeFi projects. This listing provides traders with new opportunities to engage with a leading protocol in the decentralized lending space. Bitget remains committed to expanding its portfolio with quality assets, ensuring a diverse and secure trading environment for its users.

For more information on Morpho, users can visit here.

About Bitget

Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact: media@bitget.com

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to Bitget's Terms of Use.

Contact

PR
Simran
Bitget
media@bitget.com