Friday, 03 November 2023 02:25 AM
Company Update
HONG KONG, CHINA / ACCESSWIRE / November 3, 2023 / The explosion of DEFI in 2021 has led to a crazy bull market in the blockchain industry. Bitcoin has soared more than ten times, and it has also spawned a large number of new DEFI products and new demands. MsgSender.io (MSG) is one of them. MSG is a mobile application that integrates native crypto wallet, DTE(DEX Trading Express), real-time charts and trading pair rankings, and gained 200,000 DEFI users in Q1 of 2022. As of now, MSG has more than 1 million users.
Bitdu, the emerging cryptocurrency exchange, made a substantial investment of $1.5 million in MSG, garnering significant attention from professional traders. This investment marks a significant step forward for centralized exchanges actively embracing the DeFi world and enhancing Web3 applications. why did Bitdu decide to make this investment in such a bear market? What implications does it hold for the cryptocurrency market and the wider Web3 community? We will address these questions below.
1. Bitdu, the Premier Choice for Contract Trading, shows it ambition in DEFI
Bitdu known as Centralized Exchange (CEX) excels in the field of contract trading, offering unique strengths that set it apart in the industry. Presently, Bitdu's contract trading section stands as one of the most attractive options for users. Bitdu has diverse contract types and robust strategies, excellent copy-trading system and user experience with multiple security measures. Core team has experience in top exchanges like Binance, Huobi and OKX, some of them worked for Google and SoftBank. Experience of derivatives and resources make Bitdu outstanding in contract trading.
Bitdu's C2C trading offers zero fees and supports multiple national currencies, integrated into the SEPA transfer system in the EU. Additionally, Bitdu holds licenses in Lithuania (VASP), the United States (MSB Financial), and Canada (MSB), promising enhanced asset exchange services in the future.
In sum, Bitdu is well-positioned for future success. However, to thrive in this evolving landscape, Bitdu must continue its deep involvement in the Web3 realm, engage closely with quality DApps, leverage DeFi advantages, access trading data, and continuously enhance its features to cater to a global user base. The investment in MSG shows Bitdu's ambition to expand its trading ecosystem and its commitment to delivering an unparalleled trading experience to Web3 users.
2. Focusing on user experience for DEFI, makes MSG close to the core.
Centralized Exchanges are no doubt the top players in blockchain industry, they have numerous users, but only a small portion of users participated in DEFI, their actions drive the industry forward. MSG was born in the year of DEFI explosion, feels the needs of DEFI participants, and is committed to create better products to serve communities.
MSG is a mobile APP providing an express way between DEX protocols and MSG native wallet, it makes possible for communities to interact with DEX protocols without using web-based DAPPs, MSG is able to pack PancakeSwap transaction data, sign locally and transmit to blockchain directly. During the process, you don't need to open PancakeSwap website, the whole transaction is completed in 1 second, compared with PancakeSwap webpage, you may need 10 seconds. The transaction and your assets are decentralized, but user experience is similar to CEX.
Meanwhile, MSG provides AI based trading pair filtering service, it allows communities to find great pairs easily. For example, 10 days before PEPE listing on Binance and OKX, MSG Hot Pair system has captured PEPE and pushed to users, it provided an amazing trading window for them to win.
3. Informed Decision-Making in a Bear Market: Bitdu as a Web3 Value Pioneer
The latter half of 2023 has seen a subdued cryptocurrency market, with the Web3 investment and financing markets experiencing a downturn due to broader market conditions. Data from The Block Research indicates that cryptocurrency venture capital investments in August amounted to less than $500 million, marking the fourth consecutive month of decline, and the lowest monthly investment since January 2021.
Bitdu, as an emerging cryptocurrency exchange, has not only amassed substantial capital but has also established itself through exceptional operational skills and outstanding product performance since its inception in 2020. Its decision to invest in a bear market not only demonstrates Bitdu's financial strength but also reflects its confidence and responsibility in the cryptocurrency market.
Facing the challenge of replicating the core competitive advantages of DEX, which most centralized exchanges contend with, Bitdu's proactive embrace of change and investment in high-quality Web3 projects illustrates its commitment to self-improvement and continuous product optimization. We have every reason to believe that Bitdu, as a leading centralized exchange, is not only an ideal cryptocurrency trading tool for a diverse user base but is also poised to become a Web3 value pioneer, empowering global users.
Media contact:
Contact: NormanArcher
Company: HK MSG Limited
Website: www.msgsender.io
Email: [email protected]
SOURCE: HK MSG Limited