Bitget Invests in Morph, an L2 Scaling Solution

The cryptocurrency exchange Bitget invested several million dollars in Morph, an L2 solution. This was reported in a press release.

Morph is an L2 solution for scaling the Ethereum network, combining features of Optimistic and ZK-Rollups. The project plans to complete beta testnet development and launch the mainnet in early next year.

Earlier Morph formed a strategic partnership with Singapore-based crypto fund Foresight Ventures. In November, acquired a controlling stake in The Block media group.

“Our collaboration with Morph is an important step in the development of the ecosystem of decentralized applications. We believe Morph has the potential to become one of the leading players in this sector,” said Gracie Chen, managing director of Bitget.

Separately, on 12 December Bitget and Morph announced a joint giveaway for social-media followers.

5⃣0⃣0⃣ USDT GIVEAWAY#Bitget and Morph are teaming up to give away 50 $USDT each to 10 lucky winners!

☑️ Follow @bitgetglobal @MorphL2
☑️ Repost & tag your crypto pals
☑️ Join Morph Discord: https://t.co/fX5ST5EtGY
☑️ Join Morph Telegram: https://t.co/WOwhhfAVMq

Learn more… pic.twitter.com/Ym1mVPaU75

— Bitget (@bitgetglobal) December 12, 2023

Bitget — cryptocurrency exchange founded in 2018. The platform offers spot and futures trading, margin lending, and an NFT marketplace. The exchange serves more than two million users in 100 countries.

Bitget introduced a function to track on-chain data and provided users with access to Smart Money strategies.