Disclaimer: This article is for informational purposes only and does not constitute financial advice. BitPinas has no commercial relationship with any mentioned entity unless otherwise stated.
📬 Get the biggest crypto stories in the Philippines and Southeast Asia every week — subscribe to the BitPinas Newsletter.
Universal Exchange (UEX) Bitget has integrated with Morph Chain, the first known crypto exchange to adopt the Ethereum L2 network designed for global on-chain payments.
Morph Integration
According to a media release, the integration enables users to trade assets within the Morph ecosystem directly with USDT from their Bitget spot wallets, streamlining access to on-chain liquidity without leaving the platform.
Bitget CEO Gracy Chen said the integration advances the firm’s goal of making stablecoin-powered settlements the backbone of global commerce.
“Morph was built to connect blockchain technology with real-world payments. This integration represents a major step forward in connecting technology and accessibility, bringing us one step closer to a future where stablecoin settlements and on-chain liquidity serve as the backbone of global commerce.”
Gracy Chen, Chief Executive Officer, Bitget
Bitget noted that the partnership aligns with its UEX framework, which merges centralized exchange-grade infrastructure with decentralized access and AI-driven trading tools.
Worth Reading: Bitget Launches World’s First Universal Exchange on Seventh Anniversary
Moreover, through Morph Chain, Bitget expands its product offerings to include direct trading of stablecoins, real-world assets, and crypto tokens, as per the UEX, while maintaining transparency and decentralization.
The firm then emphasized that with Morph Chain onboard, Bitget strengthens its role as a gateway to mainstream web3 adoption by combining exchange-grade performance, AI analytics, and multi-chain trading capabilities.
Bitget Onchain Ecosystem
The integration follows Bitget’s “Onchain Ecosystem” upgrade in September, which incorporated Ethereum, Solana, BSC, and Base networks and introduced Onchain Signals, an AI-powered tool that tracks institutional trading activity across multiple blockchains.
Bitget shared that it launched its Onchain Ecosystem to bridge the gap between centralized exchanges and decentralized blockchain infrastructure. The ecosystem supports on-chain payments, asset trading, and liquidity incentives, all within the Bitget platform.
Worth Reading: Interview: Bitget Execs Talk UEX and the Future of Unified Trading at Token2049
What is Morph Chain?
Morph Chain is designed to function as a global settlement layer for on-chain payments, enabling fast, low-cost, and programmable transactions using stablecoins. It focuses on real-world applications such as remittances, commerce, and decentralized finance, while offering scalability and interoperability across multiple blockchains.
As part of its partnership with Bitget, the exchange transferred 440 million BGB to Morph, making BGB the network’s native token for gas, governance, and ecosystem utility.
Worth Reading: Layer 2 Network Morph Names PH Crypto Veteran Colin Goltra as New CEO
This article is published on BitPinas: Bitget Integrates Morph Chain to Boost Global Onchain Payments Adoption
What else is happening in Crypto Philippines and beyond?
