Bitget, a top crypto derivatives and copy trading platform, has announced that it is the first in the industry to support the deposit and withdrawal of U.S. dollar-pegged Tether tokens (USDT) on the Kava blockchain. This integration aims to provide Bitget’s community with access to the world’s most widely used stablecoin while leveraging the innovative capabilities of the Kava network.
Tether, the company behind tether.to, has selected Kava as the latest platform to launch USDT. Kava, known for its scalability and speed, utilizes a unique co-chain design that combines the flexibility of the Ethereum virtual machine with the speed, low transaction fees, and interoperability of the Cosmos software development kit. This architecture allows users to utilize Cosmos’ “zones” feature in the Kava protocol. Kava recently launched its “Kava 13” mainnet update, which enhances security, scalability, functionality, and speed.
Gracy Chen, Managing Director of Bitget, expressed excitement about supporting the integration of USDT on the Kava blockchain. Chen highlighted Kava’s robust security record and its ideal platform for protecting the interests of USD₮ users. Together with Tether, Bitget aims to reshape the future of decentralized finance and foster an inclusive ecosystem that benefits users worldwide.
As the first exchange to incorporate this upgrade, Bitget reinforces its commitment to expanding its crypto ecosystem and providing users with a diverse range of trading options. The integration of KAVA-USDT joins the nine other chains already included on the platform, demonstrating Bitget’s dedication to staying at the forefront of industry trends and meeting the evolving needs of its community.
Bitget continues to innovate and diversify its product offerings beyond derivatives. The support for USDT Tether on Kava adds another layer of stability and accessibility to Bitget’s trading ecosystem, enhancing the overall trading experience for its users.
Established in 2018, Bitget is the world’s leading cryptocurrency exchange with futures trading and copy trading services as its key features. The exchange serves over 8 million users in more than 100 countries and regions, providing a secure, one-stop trading solution. Bitget has collaborated with prestigious partners, including renowned footballer Lionel Messi and leading Italian football team Juventus. Currently, Bitget ranks among the top 5 futures trading platforms and top 10 spot trading platforms, according to Coingecko.