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

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

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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

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