Bitcoin․com Doubles Down on Self-Custody With Launch of Verse DEX – Press release Bitcoin News

press launch

Bitcoin.com, a digital ecosystem and safe self-custody platform the place customers can safely and simply work together with cryptocurrencies and digital belongings, has launched help for Ethereum in its decentralized alternate, Verse DEX, with ~$2 million in liquidity initially distributed throughout six buying and selling pairs.

The total-featured decentralized alternate will work seamlessly with the self-custodial multichain Bitcoin.com Wallet, offering hundreds of thousands of individuals with a easy however safe approach to permissionlessly swap cryptocurrencies with out having to depend on third-party custodians.

“Bitcoin.com is a gateway for hundreds of thousands of newcomers to decentralized finance. Consistent with our mission to create financial freedom on this planet, we’re dedicated to offering the instruments these folks to want to commerce and make investments with out counter-party threat,” mentioned Bitcoin.com CEO Dennis Jarvis. “Verse DEX is simply such a software, and we’re excited on the prospect of it enabling permissionless buying and selling for folks world wide.”

Assist for Ethereum within the Verse DEX comes forward of the launch of Bitcoin.com’s VERSE, the utility and rewards token for the Bitcoin.com ecosystem. VERSE, just like the Verse DEX, will begin out on the Ethereum community however quickly develop into low-fee various layer-one chains.

Strategic consumers bought $33.6 million in a personal sale of VERSE tokens in Could. The Verse public token sale is presently underway at getverse.com, the place 2% of the token provide is up for grabs in a dynamically priced sale that might see public sale consumers pay a lower cost per token than those that bought within the first spherical.

At the moment anybody can add liquidity to buying and selling pairs on the Verse DEX and earn a share of the buying and selling charges generated. Functions for token listings are being accepted here. As soon as the VERSE token has launched following the conclusion of the general public token sale, liquidity suppliers to the Verse DEX may also obtain liquidity pool tokens which will likely be redeemable for VERSE and different cryptocurrencies.

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Since 2015, Bitcoin.com has been a worldwide chief in introducing newcomers to crypto. That includes accessible academic supplies, well timed and goal information, and intuitive self-custodial merchandise, we make it straightforward for anybody to purchase, spend, commerce, make investments, earn, and keep up-to-date on cryptocurrency and the way forward for finance.

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