Bitcoin․com doubles down on self-storage with launch of Verse DEX – Press Release Bitcoin News

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 spread over six trading couple.

The full-featured decentralized exchange will work seamlessly with the self-managed multi-chain Bitcoin.com Wallet, providing millions of people with a simple yet secure way to permissionless exchange 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 financial freedom in the world, we are committed to providing the tools these people need to trade and invest without counterparty risk,” Bitcoin said. com CEO Dennis Jarvis. “Verse DEX is just such a tool, and we’re excited about the prospect of it enabling permissionless trading for people around the world.”

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

Strategic buyers bought $33.6 million in a private sale of VERSE tokens in May. The public token sale of Verse is currently underway on getverse.com, where 2% of the token supply is up for grabs in a dynamically priced sale that could see public sale buyers pay a lower price per token than those who bought 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. Requests for token listings are accepted here. 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 that will be redeemable for VERSE and other cryptocurrencies.

Bitcoin.com

Since 2015, Bitcoin.com has been a global leader in introducing newcomers to crypto. With accessible educational materials, timely and unbiased news and intuitive self-custody products, we make it easy for everyone to buy, use, trade, invest, earn and stay informed about cryptocurrency and the future of finance.

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