Fun

Bitcoin․com Doubles Down on Self-Custody With Launch of Verse DEX

News Feed - 2022-11-08 09:11:51

Bitcoin․com Doubles Down on Self-Custody With Launch of Verse DEX press release


Bitcoin.com, a digital ecosystem and secure self-custody platform where users can safely and easily interact with cryptocurrencies and digital assets, has launched support for Ethereum in its decentralized exchange,Verse DEX, with ~$2 million in liquidity initially distributed across six trading pairs.


The full-featured decentralized exchange will work seamlessly with the self-custodial multichainBitcoin.com Wallet, providing millions of people with a simple but secure way to permissionlessly swap cryptocurrencies without having to rely on third-party custodians.


“Bitcoin.com is a gateway for millions of newcomers to decentralized finance. In line with our mission to create economic freedom in the world, we are committed to providing the tools these people to need to trade and invest without counter-party risk,” saidBitcoin.com CEO Dennis Jarvis. “Verse DEX is just such a tool, and we are excited at the prospect of it enabling permissionless trading for people around the world.”


Support for Ethereum in the Verse DEX comes ahead of the launch ofBitcoin.com’s VERSE, the utility and rewards token for theBitcoin.com ecosystem. VERSE, like the Verse DEX, will start out on the Ethereum network but soon expand into low-fee alternative layer-one chains.


Strategic buyers purchased $33.6 million in a private sale of VERSE tokens in May. The Verse public token sale is currently underway atgetverse.com, where 2% of the token supply is up for grabs in adynamically priced sale that could see public sale buyers pay a lower price per token than those who purchased in the first round.


Currently anyone can add liquidity to trading pairs on the Verse DEX and earn a share of the trading fees generated. Applications for token listings are being acceptedhere. Once the VERSE token has launched following the conclusion of the public token sale, liquidity providers to the Verse DEX will also receive liquidity pool tokens which will be redeemable for VERSE and other cryptocurrencies.


  Tags in this story Bitcoin.com, Verse DEX


  Bitcoin.com


Since 2015, Bitcoin.com has been a global leader in introducing newcomers to crypto. Featuring accessible educational materials, timely and objective news, and intuitive self-custodial products, we make it easy for anyone to buy, spend, trade, invest, earn, and stay up-to-date on cryptocurrency and the future of finance. Commodity Strategist Mike McGlone Says BTC, ETH Appear to Have ‘Completed the Bulk of Their Drawdown’ MARKETS AND PRICES | 16 mins ago Report: FTX CEO Told Staff Crypto Exchange "Effectively Paused" Withdrawals NEWS | 2 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleGamefi Project Oasys Aims to Grow Blockchain Gaming in Japan Through YGG Partnership Next articleFlynt Finance To Offer High ETH Yield Through Options Market Inefficiencies More Popular NewsIn Case You Missed ItRipple CEO: SEC Lawsuit Over XRP "Has Gone Exceedingly Well"


The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework Australia to List Bitcoin ETF After 4 Clearinghouse Participants Commit to Meet Stringent Margin Terms Ethereum Foundation"s Financial Report Discloses It Holds $1.6 Billion in Assets, 80.5% Held in Ether Terra"s Algorithmic Dollar-Pegged Crypto UST Is Now the Third-Largest Stablecoin

News Feed

EU Bans Crypto Services for Russians in New Sanctions Over Ukraine Escalation
EU Bans Crypto Services for Russians in New Sanctions Over Ukraine Escalation An array of crypto-related services have been targeted in the latest round of sanctions on Russia appr
How to trade Bitcoin during the halving period?
Shailey Singh2 hours agoHow to trade Bitcoin during the halving period?Explore the dynamics of Bitcoin halving and its historical impact on price trends while preparing for the upcoming 2024 halving.1802 Total views9 Tot
FTX former execs and promotors to settle class lawsuit for $1.3M
Jesse Coghlan2 hours agoFTX former execs and promotors to settle class lawsuit for $1.3MFormer FTX and Alameda executives agreed to share information to aid in the class group’s legal fight against other alleged FTX pr
Coinbase Pushes for Single Crypto Regulator: CEO Says ‘We Have 53 Regulators in Just One Country, the US’
Coinbase Pushes for Single Crypto Regulator: CEO Says "We Have 53 Regulators in Just One Country, the US" Crypto exchange Coinbase has been meeting with a number of regulators to c
Ascendex Hacked — Exchange Loses $77 Million in ERC20, BSC, Polygon Tokens
Ascendex Hacked — Exchange Loses $77 Million in ERC20, BSC, Polygon Tokens Ascendex, a cryptocurrency exchange, suffered a security breach that allowed hackers to take control of
Tomer Warschauer Nuni11 hours agoWeb3’s resilience amidst the bear market: A promising horizon awaitsIn the bear market"s quiet, there is ample room for ideation, innovation and the laying of a foundation that will not
Readyverse Studios debuts trailer for metaverse battle royale game Open
Tristan Greene4 hours agoReadyverse Studios debuts trailer for metaverse battle royale game OpenThe development of Open could bring the world one step closer to bringing the “Ready Player One” experience to reality.1
Fintech Arm of Chinese Insurance Giant Files for US IPO After Blockchain Push
OneConnect Financial Technology, the fintech arm of China’s largest insurance company, filed a prospectus on Wednesday for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). Th
Total Value Locked in Defi Surpasses $200 Billion — Fantom, Avalanche, Harmony, Arbitrum TVLs Swell
Total Value Locked in Defi Surpasses $200 Billion — Fantom, Avalanche, Harmony, Arbitrum TVLs Swell Decentralized finance (defi) has swelled quite a bit this year and on October
South Korean Police Seize Shares From Major Bithumb Shareholder
South Korean Police Seize Shares From Major Bithumb ShareholderSouth Korean police have seized shares in Bithumb, the country’s biggest crypto exchange. The shares belong to B
Gareth Jenkinson10 hours agoTether, Bitfinex agree to drop opposition to FOIL requestTether and Bitfinex say the decision not to appeal the Freedom of Information Law request by several media outlets was made in the inte
Nigerian blockchain group calls for fair resolution in Binance case
Amaka Nwaokocha1 hour agoNigerian blockchain group calls for fair resolution in Binance caseBICCoN believes that a balanced approach can help resolve the current challenges and empower Nigeria to create a supportive envi