Bitget Onchain, a service designed to bridge centralized (CEX) and decentralized exchanges (DEX), has expanded its offerings by listing two popular Solana-based meme tokens: Groyper and BUN. This move enables users to trade these trending digital assets directly through the Bitget platform using their existing spot account balances in USDT or USDC.
The integration aims to deliver a more streamlined, secure, and efficient on-chain trading experience. By supporting direct transactions from a user’s Bitget spot account, it removes the need for transferring assets between different types of exchanges. Currently, Bitget Onchain supports several major blockchain networks, including Solana (SOL), BNB Smart Chain (BSC), and Base.
What Is Bitget Onchain Trading?
Bitget Onchain is a trading feature that seamlessly connects centralized exchange services with on-chain decentralized liquidity. It allows traders to access popular tokens available on DEXs directly from their Bitget spot account, simplifying the process and enhancing capital efficiency.
This service is particularly useful for users who want to quickly trade new or trending assets that first appear on decentralized platforms without leaving the security and convenience of a major exchange interface.
Supported Blockchains and Assets
The feature currently supports assets on three major networks:
- Solana (SOL)
- BNB Smart Chain (BSC)
- Base
Groyper and BUN are the latest Solana meme tokens to be made available for trading via this service, joining a growing list of supported on-chain assets.
Benefits of Using an Integrated On-Chain Trading Service
Using a service that blends CEX and DEX functionalities offers several key advantages:
- Convenience: Trade on-chain assets without managing private keys or switching between multiple apps and wallets.
- Efficiency: Use your existing exchange-held USDT or USDC to make purchases instantly, avoiding transfer delays and network fees.
- Security: Conduct on-chain trades within the security infrastructure of a established exchange platform.
For those looking to dive deeper into the mechanics of cross-exchange trading, this integrated approach is a significant step forward. You can explore more strategies for managing assets across different liquidity environments.
How to Access On-Chain Trading on Bitget
Accessing these new tokens is straightforward for existing users:
- Ensure you have a sufficient USDT or USDC balance in your Bitget spot account.
- Navigate to the Onchain trading section within the Bitget app.
- Select the desired token (e.g., Groyper or BUN) and execute your trade.
The process is designed to be as simple as a standard spot trade, making on-chain assets more accessible to a broader range of traders.
Frequently Asked Questions
What is Bitget Onchain?
Bitget Onchain is a feature that allows users to trade tokens native to decentralized exchanges (DEXs) directly from their Bitget spot account. It connects CEX and DEX liquidity, enabling convenient access to a wider range of assets without transferring funds externally.
Which blockchains does Bitget Onchain support?
As of now, the service supports trading for assets on the Solana (SOL), BNB Smart Chain (BSC), and Base blockchain networks. This allows users to trade a variety of popular tokens across these ecosystems.
Do I need a separate wallet to trade Groyper or BUN on Bitget?
No, a separate wallet is not required. You can trade these on-chain tokens directly using the USDT or USDC held in your Bitget spot account, simplifying the entire process.
Is on-chain trading on Bitget secure?
Trading is conducted within the Bitget platform, which provides its standard security measures. However, as with any crypto asset, the value of meme tokens like Groyper and BUN can be highly volatile and involves risk.
What are the advantages of using this over a regular DEX?
The primary advantages are convenience and speed. You avoid network withdrawal fees and transfer times from your CEX to a self-custody wallet, and you trade within a familiar interface. To view real-time tools and market data, many traders prefer such integrated solutions.
Can I withdraw these on-chain tokens to my own wallet?
Yes, since you are purchasing on-chain assets, you typically have the option to withdraw them to your personal external wallet address on the supported blockchain.