IPOR, a revolutionary DeFi protocol to list on Bitget

Bitget, the largest crypto copy trading platform, is set to list IPOR Protocol in its innovation zone of the spot market. IPOR Protocol is a decentralized interest rate derivatives exchange that offers non-custodian on-chain interest rate swaps through the IPOR Index, IPOR automated market maker, liquidity pools and asset management smart contracts. The protocol aims to bridge the gap between decentralized finance (DeFi) and traditional finance (TradFi) by providing risk management tools, including interest rate derivatives and indexes, for the emerging DeFi credit markets. This enhances stability and makes fixed-income investments more appealing to TradFi players. Currently, the interest rate derivatives market in TradFi is enormous, valued between $450-$600 trillion but is untapped in DeFi.

Gracy Chen, managing director of Bitget, said: “As a leading crypto exchange in futures trading and copy trading, expanding the product offerings is our major strategy this year. We believe that IPOR’s unique features will attract both DeFi and TradFi players, bringing DeFi to a wider audience.” Bitget has over 8 million users and supports over 460 coins with 529 trading pairs. The deposit services for digital assets will be available from 7:00 am UTC on March 22, 2023, with trading set to commence at 12:00 pm UTC on the same day. The IPOR protocol ranks in the top five derivatives platforms by total value locked, with over $40 million and is the top two on Ethereum.


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