Bitget, a leading cryptocurrency exchange, announced the launch of a new feature called Portal To Bitcoin, enabling atomic swaps between Bitcoin assets.
Launch of Portal To Bitcoin
Bitget has announced the launch of its new protocol Portal To Bitcoin, which allows for fast and costless atomic swaps between native Bitcoin assets like BTC, Ordinals, and Runes across Layer 2 and other Layer 1 solutions. Trading for the PTB/USDT pair is set to begin on September 3, 2025.
User Campaigns and Rewards
As part of the Portal To Bitcoin launch, Bitget has also announced several campaigns. Users can participate in the Locking Pool for BGB and PTB, earning a share of a total reward pool of 22,400,000 PTB. Additionally, the PoolX campaign will allow users to lock BTC and ETH for further rewards. One of the campaigns offers 10% vouchers for BTC and ETH based on meeting deposit conditions.
Future of Portal To Bitcoin and the Role of Bitcoin in the Ecosystem
Portal To Bitcoin establishes Bitcoin as a settlement layer for both onchain and real-world markets, utilizing BitScaler to minimize trust and ensure fast transactions. The protocol aims to enhance Bitcoin's cross-chain transactions, positioning it as a universal settlement layer for various financial assets, including tokenized stocks and stablecoins.
The launch of Portal To Bitcoin is a significant step for Bitget in expanding its ecosystem and solidifying Bitcoin's role in the global cryptocurrency market.
