Kava has partnered with cryptocurrency trading platform, Bitget. The partnership includes the KAVA token listing on the Bitget exchange Innovation Zone.
By partnering with Bitget, Kava aims “to increase the liquidity of KAVA tokens by making it easier for users to access a wide range of trading pairs and currencies.”
Bitget is a crypto exchange that “helps everyone easily trade cryptocurrencies in a secure environment.” Bitget offers customer service and “low” trading fees, and aims to be “the portal that transcends Web2 and Web3, connects CeFi and DeFi, and bridges the vast web of crypto.”
The Bitget platform “has over 8 million users and 55,000 professional traders from 100 countries worldwide, showing why it is one of the leaders in global cryptocurrency trading.”
Bitget claims it has continually set records “in trading volume each year, showing its incredible popularity.”
The platform “attributes much of its success to its generous affiliate and referral programs and its growing educational portal, Bitget Academy.” Current projects like social trading “are yet another avenue Bitget is exploring to bring on the next wave of Wab3 users.”
The platform has continuously grown, “surpassing the $100 billion trading volume mark in 2021, and is currently ranked in the top five by CoinGecko for derivatives trading.”
The partnership between Kava Network and Bitget is an example of how DeFi and Web3 are evolving and “changing how people interact with digital assets.”
By creating more efficient and secure exchanges, users can now “access more services and have more control over their investments.” The team is pleased to see what the future holds for KAVA and Bitget.
As covered, Kava (kava.io) claims it is “a secure, lightning-fast Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos in a single, scalable network.”
As reported earlier this year, the Kava DAO has voted to “allocate $750M to on-chain developer incentives, committing majority ownership of the network to the #BUIDLers.”
As mentioned in a blog post, high-quality developers are “the most valuable asset to the long-term success of Layer-1 blockchains.”
In recognition of this, Kava has decided to implement Kava Rise, which is “a $750M incentive program designed specifically to continue onboarding the most innovative developers across the DeFi, GameFi, and NFT verticals to the Kava Network.”
Kava Rise’s unique programmatic funding model will “distribute 62.5% of all block rewards to developers building on the Kava Ethereum and Cosmos Co-Chains, making Kava the first truly builder-owned network.”