In an exclusive crypto first—and one of the biggest innovations for crypto exchanges in recent years—BTSE is integrating MetaMask and WalletConnect directly to deposits and withdrawals within the exchange, via WalletConnect as an integration medium. The integration will be available to users starting October 20th, 2020 at 3 p.m. UTC.
October 20th, 2020 – As BTSE continues to grow and adapt in the cryptocurrency space, the progress and innovation continues as the exchange announces a full integration with popular and leading decentralized wallet MetaMask as well as the popular connection protocol WalletConnect. This is a crypto first for non-decentralized exchanges and highlights BTSE’s role at the forefront of the industry where users can directly benefit from the platform’s early adopter mentality for exciting technologies.
MetaMask will be implemented for use on the desktop version of BTSE while WalletConnect will be available for the mobile versions (iOS and Android).
MetaMask will be integrated directly into BTSE’s transfer system, allowing users to seamlessly connect their wallets from MetaMask to specific tokens (ERC-20 standard tokens inclusive) and make direct deposits and withdrawals.
Undoubtedly one of the most popular decentralized wallets in the space, MetaMask is a pioneer for Decentralized Finance (DeFi) users and the significance of this integration comes at a time when DeFi has gained significant traction, returning the power of money to the individual.
The integration of WalletConnect into BTSE is a crypto first in providing access to mobile users. With over 90% of the world population using mobile technology, mobile connectivity makes perfect sense.
This integration also paves the way for other centralized crypto exchanges to follow suit in the footsteps of BTSE, now ranked #9 on CoinGecko’s top derivative exchange list.
“This isn’t just about integration with BTSE; it’s about innovation of exchanges moving forward with blockchain technology and BTSE helping drive this innovation to a new frontier,” said Jonathan Leong, CEO of BTSE exchange.
Crypto is in a constant state of flux. Innovation is rapid; projects are appearing at lightning speed and more layers of crypto are becoming noticeable on a worldwide scale. BTSE is strategically positioned to meet these complex demands on a worldwide scale with many derivative pairs, dozens of spot pairs—including stablecoins from countries from struggling economies, and simple yet smart custody solutions like keeping 99% of all assets in cold storage. BTSE also can handle the strength of worldwide scalability by handling over one million requests per second.
An Integration Forward With Blockchain Technology
Wallet integration has been the perfect recipe for users to interact with crypto services while continuing to be the owner of their own personal finances. Ever since the creation of Bitcoin over a decade ago, cryptocurrency projects and coins have been proof that the individual desires to be in control of their money. True decentralized wallets have been around for a few years but their UI is now more convenient to the average user. Direct integration to an exchange is the next logical step.
WalletConnect uses secure connections to facilitate a medium for dApps like wallets on one end and a service on the other. In this case, BTSE exchange is that service to help build a bridge for users to connect with their wallets that they likely have already.
This integration will connect with a myriad of users around the globe. Earlier in the month, MetaMask reached one million users as DeFi has taken the cornerstone of cryptocurrency for wallets for the time being and likely for the foreseeable future. Decentralized finance has a strong and exhaustive list of features that make personal money management very attractive for people that use MetaMask. And with BTSE’s institutional grade matching engine to achieve the one million requests per second, the exchange can handle the entire MetaMask user base at one time.
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