Bebop, a decentralized exchange, launched on Polygon on November 8, 2022. The launch was announced via its Twitter handle @Bebop. Bebop aims to make cryptocurrency trading easy for users without the intervention of a third party.
“Imagine the future where you are able to convert any digital asset you own to any other asset, from an NFT collectible on one chain to tokenized crypto company bond issued on another.”
– @EvgenyGaevoy, CEO of @wintermute_t, a DeFi powerhouse that incubated @bebop_dex https://t.co/FjtCebAxdV
— Bebop (@bebop_dex) November 8, 2022
Bebop has some distinguishing characteristics that set it apart from other exchanges. It enables traders to trade multiple tokens at the same time and convert multiple tokens into a single token with no slippage fee. Each trading pair’s price includes network fees, making it easier for traders to execute trades.
Bebop is backed by Wintermute Funds, a crypto market maker that provides liquidity for major exchanges. In the words of Evgeny Gaevoy, CEO of Wintermute, this is the vision of Bebop,
“Imagine the future where you are able to convert any digital asset you own to any other asset, from an NFT collectible on one chain to tokenized crypto company bond issued on another.”
Bebop has been on Ethereum for some months before expanding to Polygon. Polygon is preferred because of its low fees, high transaction speed, and scalable Proof-of-Stake (PoS) economic model.
Polygon is a top choice for most decentralized projects to build on.
Instagram recently rolled out a feature that allows creators to sell NFTs on the social media platform using Polygon.
Hamzah Khan, Polygon’s Head of DeFi, stated,
“Bebop is bringing new and sophisticated tools to Polygon’s DeFi sector that expand the user experience greatly and provide new options for experienced and novice traders alike. Bebop’s one-to-many trading will become an industry benchmark in years to come, and we’re delighted to help kickstart that journey.”
Bebop’s mission is to serve crypto traders and users while also accelerating global DeFi adoption.
If you would like to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, and Instagram.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
