The cryptocurrency exchange Bitget announced the launch of a new product called ‘Spot P2P’. This platform offers users early access to assets not yet traded on the exchange.
The aim of ‘Spot P2P’ is to assist projects that do not meet listing requirements but are of interest to users. Currently, the platform features six tokens: TROLL, BTCS, SMILEY, ZUZALU, ORCA, and DIMO.
“On-chain trading can be costly and quite complex with some coins. Spot P2P trading on Bitget eliminates these issues. For instance, when trading BRC-20 tokens, there is no need to worry about high fees or waiting for block confirmation,” commented the exchange team.
To trade on the platform, users need to transfer tokens to Bitget, navigate to the ‘Spot P2P’ page in the ‘Trade’ section, and place an order.
“‘Spot P2P’ is designed to facilitate trading between users interested in promising tokens at early stages. Essentially, the service provides access to such assets on a reliable trading platform, rather than dubious P2P platforms,” stated Bitget’s Managing Director Gracy Chen.
Bitget is a cryptocurrency exchange serving over 20 million users in more than 100 countries and regions. The platform offers spot and futures trading services, margin lending, and an NFT marketplace.
Earlier, ForkLog published key insights from the Bitget Research report on the prospects of Bitcoin protocols. According to analysts, if the ecosystem of the first cryptocurrency continues to expand, increased demand for the asset could lead to a historic high of $100,000.