CandleFocus Bitcoin Gets a Decentralized Exchange as Cosmos Native Osmosis Activates Bridge
2024-12-03
Author: Content Editor
Osmosis, a decentralized exchange (DEX) built for the Cosmos blockchain ecosystem, has integrated a bridge to the Bitcoin network. Users can now deposit BTC on the Bitcoin network in exchange for an Osmosis token called alloyed BTC (allBTC). The aim of the project is to provide traders with the user experience of centralized exchanges while maintaining decentralized custody of BTC. Osmosis plans to tap into the massive wealth tied up in Bitcoin to bring liquidity to the broader crypto world. The integration of the Bitcoin bridge aligns with Osmosis's strategy to serve as a DEX for assets that do not have their own native DEXs within the Cosmos ecosystem.
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