Injective Protocol and Bitoro Network have joined forces to introduce an innovative on-chain perpetual futures platform. The platform is scheduled to launch at 10 am ET tomorrow, June 13. This partnership is aimed at providing fast and cost-effective trading options for institutional-grade real-world assets (RWA) and cryptocurrency futures.
Bitoro Network has seen impressive growth, surpassing 30,000 users in less than two months since its launch. With a trading volume exceeding $1 billion, Bitoro has become the fastest-growing decentralized futures exchange in the market. Together, Bitoro and Injective have strategic plans to establish themselves as leading on and off-chain trading platforms, competing based on various factors such as fees, speed, and reliability.
The integration of Injective with Bitoro Network significantly enhances its decentralized perpetual futures platform. By utilizing Injective’s robust blockchain infrastructure and on-chain order book, Bitoro is able to offer new trading pairs, low fees, staking vaults, and solutions tailored for institutional clients.
Injective’s provision of comprehensive on-chain perpetual markets for a wide range of assets, including real-world assets like forex pairs and commodities, further strengthens Bitoro’s offerings. Leveraging Injective’s shared liquidity pool on-chain also boosts market depth and liquidity for trading pairs on Bitoro.
Moreover, Bitoro stands to benefit from Injective’s institutional-quality infrastructure and security measures, facilitating easier integration for institutional clients and adherence to global standards. With over 60 top-tier global institutions backing Injective as validators, the network’s security and reliability are assured.
Brian Purcell, CEO of Bitoro Network, expressed excitement about the partnership with Injective, highlighting the enhancements it brings to Bitoro’s platform. He emphasized the addition of institutional gateways, on-chain perpetuals for RWAs, and cost-effective trading features.
Eric Chen, co-founder and CEO of Injective Labs, also shared his enthusiasm for the collaboration, noting how Injective’s plug-and-play modules empower developers to deploy cutting-edge dApps swiftly. He anticipates Bitoro leveraging Injective’s on-chain order book and features to deliver unparalleled liquidity and a seamless user experience.
By combining forces with an established player like Injective, Bitoro is poised to strengthen its position as a premier aggregator of liquidity pools. With a trading volume of $1 billion achieved within two months of its launch in Q1 2024, Bitoro is gearing up to explore new markets and introduce innovative trading solutions for both retail and institutional traders.
