Bitget Onchain Product Goes Live – Allows Users to Purchase DEX-only tokens on CEX

Bitget New Feature:- Traditionally, CEX users have faced challenges in accessing DeFi assets/tokens. This is due to architectural differences in platform infrastructures, user interfaces, and the inherent complexities of decentralized platforms.

In a step to address this, the Seychelles-based leading crypto exchange, Bitget, has announced the launch of Bitget Onchain to bridge the gap between DEX and CEX users.

Unveiled on Monday, its new feature, Bitget Chain, will allow its users to trade Onchain tokens with a spot account directly via its exchange application.

How will Bitget Onchain Help Users

Bitget Onchain will offer users of the its centralized exchange a direct and seamless way to explore and invest in decentralized assets.

By leveraging this platform, users can gain early exposure to emerging on-chain projects and tokens, which are often first introduced in decentralized markets before making their way to centralized exchanges.​

As per the Press Release shared with CoinGape, the primary objective of Bitget Onchain is to democratize access to these assets. This will certainly help in ensuring that CEX users are not at a disadvantage compared to their counterparts in the DeFi space.

How can Users Purchase DEX-only tokens via Bitget

Users can trade on-chain assets directly using USDT or USDC from their spot accounts on Bitget. This will eliminate the prior need for external Web3 wallets or complex setups. ​

Bitget Onchain assets will include those new and emerging tokens that traditionally live on decentralized blockchains (like Solana, BNB Chain, Base), But with its new feature, they can be bought/traded directly on its CEX platform — without needing a Web3 wallet like MetaMask.

Initially, Bitget Onchain is supporting trading on the Solana, BNB Smart Chain (BSC), and Base networks, offering a selection of tokens including RFC, KTA.

This also includes 30 other small-cap or emerging tokens that normally would only be found on DEXs like Raydium (Solana), PancakeSwap (BNB Chain), or BaseSwap (Base).

These tokens are usually not yet listed on major centralized exchanges and are only accessible via DEXs (until now). But despite in early-stage, they tend to be have combination of highly risky yet highly rewarding.

According to Tokeninsights, in Q4 2024, newer DEX tokens outperformed established ones. Tokens like AERO and THE saw exceptional returns, with AERO increasing over 2000% and THE gaining 500%. In another instance, recently, Solana DEX Orca’s ORCA token surged by 170% as Upbit exchange recently announced its listing. 

Thus, as Bitget aims to onboard more on-chain assets, this integration will simplify the process of accessing and trading emerging on-chain assets, providing users with a seamless and secure experience.

Notably, Bitget Onchain is also incorporating AI-driven smart screening for enhanced investment precision by conducting real-time filtering of on-chain assets. This feature minimizes exposure to uninformed investments, enabling users to make strategic and data-driven decisions

Implications for the Broader Crypto Ecosystem

By providing CEX users with early access to on-chain assets, Bitget is lowering the barriers to entry for DeFi investments. This will enable a more diverse group of investors to participate in the decentralized market.

Further, it can also contribute to increased liquidity across both markets, by facilitating the movement of assets between centralized and decentralized platforms – benefiting traders and projects alike.​