GalaChain is excited to announce a groundbreaking partnership that will revolutionize our ecosystem: the integration of GalaChain with a centralized exchange for the first time.
GalaChain main net is now seamlessly integrated with Bitrue, one of our earliest and most trusted exchange partners. This collaboration ushers in a new era for Gala users, enhancing the efficiency and security of trading and managing GalaChain tokens.
With Bitrue’s reliable infrastructure and user-friendly platform, members of the Gala community can now easily exchange $GALA for a variety of tokens without the need to bridge to Ethereum.
Press Release
No Bridging Necessary
Previously, bridging $GALA to Ethereum was a requirement for activities on the numerous crypto exchanges that list the token. The integration with Bitrue marks an important milestone as the first $GALA (GalaChain) listing on a centralized exchange. Instead of incurring bridge fees and transferring tokens to a different blockchain ecosystem, users can now deposit GalaChain $GALA into their Bitrue accounts and exchange them for various cryptocurrencies.
Until now, GalaChain users could only exchange GalaChain tokens with each other through the decentralized exchange protocol at GalaConnect (formerly GalaSwap).
Native GalaChain Support on Bitrue
This partnership opens up exciting possibilities for the integration of other tokens from the GalaChain ecosystem in the future. All Bitrue users now have access to a built-in GalaChain wallet on the platform, making it easier for new users to discover GalaChain.
Expanded Trading Options
Bitrue already offers Ethereum-based $GALA exchange pairings with BTC, XRP, USDT, BTR, and USDC. With the GalaChain integration, GalaChain-based $GALA can now be exchanged for any of these tokens on Bitrue.
As $GALA and the GalaChain ecosystem move towards full decentralization as outlined in the GalaChain Decentralization White Paper,
Bitrue has been a long-standing partner for Gala, providing security, versatility, and ease of use to our community. With features like Power Piggy for passive income, spot and futures trading, and low transaction fees, Bitrue offers a robust environment for all types of crypto traders and holders. Their user-friendly interface and advanced tools cater to both novice and experienced traders, making them the ideal exchange to offer GalaChain support.
Don’t miss this X Space with @BitrueOfficial on Thursday, November 14th, bright and early at 5am PT 👇
What’s Next?
As we progress with the integration, we encourage you to explore the opportunities that Bitrue provides. Stay tuned for further updates on GalaChain’s Bitrue integration and announcements regarding additional exchange partners integrating our L1 blockchain. We are excited to forge partnerships that benefit our community, with more innovations on the horizon.
FAQs
Q: What is the significance of the Bitrue integration for GalaChain?
A: The integration with Bitrue marks the first centralized exchange listing for GalaChain, streamlining the process of exchanging GalaChain tokens for various cryptocurrencies without the need to bridge to Ethereum.
Q: What trading options are now available on Bitrue for GalaChain-based $GALA?
A: Bitrue now offers the ability to exchange GalaChain-based $GALA for tokens such as BTC, XRP, USDT, BTR, and USDC, expanding trading options for GalaChain users.
Q: How does Bitrue cater to both novice and experienced crypto traders?
A: Bitrue provides a user-friendly interface with advanced features like Power Piggy for passive income, spot and futures trading, and low transaction fees, making it a versatile platform for all types of traders.
Q: What are the future plans for GalaChain integration with other exchange partners?
A: GalaChain is actively exploring opportunities to integrate with additional exchange partners to further enhance accessibility and trading options for the Gala community.
Credit: news.gala.com
