Bitget Launches Its DEX Aggregator After Wallet Hack

Coingapestaff
December 26, 2022 Updated September 8, 2025
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In a press release, Bitget announced the introduction of “MegaSwap.”However, it enables users to trade or exchange their digital assets for more than 10,000 cryptocurrencies in a DeFi environment. Users who have a MegaSwap account can trade on the Bitget platform through ten well-known DEXs and eight powerful channels.

Users can benefit from the best of both worlds thanks to this feature. However, it combines the flexibility and variety of DeFi with the safety and practicality of CeFi.

Bitget’s CEO, Grace Chen, says

“MegaSwap is an important step taken by Bitget in building a unique safe, dynamic and robust trading experience to reach critical mass.”

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Bitget announces Megaswap

While DEXs are becoming more and more popular among investors who want to quickly get their hands on a wider variety of tokens, CEX users enjoy secure trading experiences with a variety of products and services. DEX trading, though, is not for everyone.

Many users are put off from using DEXs by the knowledge gap. Also, lack of protection for assets stored on Defi wallets. Given this, MegaSwap is created to meet user demands for convenience and security trading, while also gaining from a wide range of assets and high liquidity, enabling users to integrate a centralized trading experience in Defi markets.

By streamlining the payment of gas fees, MegaSwap not only combines the benefits of CEX and DEX but also makes trading even simpler. In order to make trading as easy as possible for users. MegaSwap automatically converts gas fees from stablecoin balances in user accounts.

Bitget’s non-custodial wallet was stolen

Earlier, Bitget’s non-custodial wallet BitKeep is thought to have been stolen across a wide area. According to the official, an urgent investigation is being conducted. However, the BitKeep Security Fund will provide full compensation if the platform is to blame for the asset loss.

Also Read: Explain NFT Whitelist. How Do You Join An NFT Whitelist?

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.