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Warsaw, Poland, November 1st, 2024, Chainwire

Flipster, a global crypto derivatives exchange, has announced a collaboration with BNB Chain, a community-driven blockchain ecosystem, to offer fee-free withdrawals, aiming to democratize access to cryptocurrency trading.

This collaboration builds on Flipster’s existing zero-fee trading model, aligning with both Flipster and BNB Chain’s shared mission to make cryptocurrency trading more user-friendly and cost-effective. By backing BNB Chain’s gas-free withdrawals initiative, Flipster users will be able to transact with ease and capitalize on market movements effectively while avoiding hidden fees and slippage.

CEO of Flipster, commented, “We’ve always been focused on building an inclusive and user-centric environment to enhance the trading experience for our users. Collaborating with BNB Chain on fee-free withdrawals is a natural step toward advancing our shared vision of opening up crypto trading to the masses. We are committed to fostering a thriving ecosystem where digital assets are easily accessible to everyone.”

Beyond bridging the gap between traditional finance and crypto, Flipster aims to explore further synergistic initiatives that accelerate crypto adoption. This includes fostering connections within the ecosystem, providing seamless entry into the market, and enhancing the overall trading experience, to encourage greater participation in the ecosystem.

Gala Wen, Director of Ecosystem Development at BNB Chain, added “Collaborating with Flipster to provide gas-free withdrawals is a key part of our ongoing efforts to lower barriers to entry in the crypto market. By removing withdrawal fees, we empower more users to engage with digital assets and expand access to cryptocurrency, aligning with BNB Chain’s mission to onboard the next billion users into Web3. We look forward to exploring further initiatives with Flipster to enhance user empowerment.”

Flipster’s platform is designed for rapid trade execution, deep liquidity, and zero trading fees. With the integration of BNB Chain’s fee-free withdrawals, users can withdraw stablecoins without incurring additional costs until the end of the month.

Processing over $10 billion in monthly trading volume and serving over a million users, more than 98% of asset deposits and withdrawals on Flipster are stablecoins, making the zero-fee withdrawal offering on BNB Chain even more valuable for users looking to maximize their returns.

For more information about the campaign, please refer to Flipster’s blog.

About BNB Chain

BNB Chain is a community-driven blockchain ecosystem that is removing barriers to Web3 adoption. It is composed of:

• BNB Smart Chain (BSC): A secure DeFi hub with the lowest gas fees of any EVM-compatible L1; serves as the ecosystem’s governance chain. 
• opBNB: A scalability L2 that delivers the lowest gas fees of any L2 and rapid processing speeds.
• BNB Greenfield: Meets decentralized storage needs for the ecosystem and lets users establish their own data marketplaces.

Setting a high bar for security, the AvengerDAO community protects BNB Chain users while Red Alarm provides a real-time risk-scanner for Dapps. The ecosystem also offers a range of monetary and ecosystem rewards as part of its Builder Support Program.

About Flipster

Flipster is a crypto derivatives exchange known for its lightning-fast perpetual futures listings, zero trading fees, high liquidity, and rapid trade executions. The easy-to-use platform provides users with an all-in-one trading experience with leverage of up to 100x on over 250 tokens, supporting traders globally in capitalizing on market opportunities. For media enquiries or interview requests with the team, please reach out to [email protected].

Contact

Shirlyn Tan
Flipster
[email protected]

Dubai, United Arab Emirates, November 8th, 2024, Chainwire

Bybit, the world’s second-largest crypto exchange by trading volume, is pleased to announce that Shunyet Jan, its current Head of Derivatives, will take on an expanded role as Head of Institutional. This move underscores Bybit’s commitment to serving institutional clients and enhancing its innovative derivatives offerings.

Expanding Responsibilities for a Dynamic Industry

Shunyet Jan joined Bybit with a wealth of experience in both traditional finance and high-frequency trading, bringing a fresh perspective to the crypto space. “Bybit has been an exciting place to work, with a strong focus on innovation and rapid execution,” Shunyet noted. “The culture here is remarkably collaborative, and it’s clear that agility and teamwork are at the heart of everything we do.” His positive first impressions of Bybit’s team and culture, shaped by his background across diverse financial environments, have only reinforced his enthusiasm for advancing Bybit’s role in the market.

In his expanded role, Shunyet will leverage his insights from a distinguished career, which includes roles in program trading, ETFs, and index arbitrage on Wall Street, as well as algorithmic and high-frequency trading in Asia. His leadership will guide Bybit in crafting solutions that cater specifically to institutional needs, bridging traditional finance principles with the flexibility of digital assets.

Championing Bybit’s Vision for Institutional Growth

With deep experience in serving sovereign wealth funds, pension funds, hedge funds, and market makers, Shunyet understands the unique needs of institutional investors. “Institutional sales and derivatives share a common goal: providing seamless access to liquidity and effective support,” Shunyet explained. His dual background as both an institutional client advisor and a top global market maker allows him to anticipate and address the nuanced demands of these clients, helping Bybit solidify its reputation as a trusted partner for sophisticated trading solutions.

In his new role, Shunyet’s focus is clear: “I’m focused on positioning Bybit as the top choice for institutional clients by enhancing our custody solutions, expanding loan products, and strengthening liquidity across the platform.” He envisions building a robust environment that not only attracts institutional clients but also elevates their experience through refined trading conditions and innovative tools. By refining custody options and liquidity enhancements, Bybit aims to further solidify its foundation in a rapidly growing sector.

A Vision for Bybit’s Derivatives and Institutional Future

Shunyet’s career trajectory highlights a commitment to adapting the best practices from traditional finance to the crypto industry. He sees significant potential in options trading for the crypto sector, especially in the APAC region, where demand is rapidly increasing. “While options are standard in traditional markets, they remain underutilized in crypto. My goal is to build a world-class options trading platform that offers the same level of sophistication and reliability that institutional investors expect.”

“Bybit has a vision of creating a secure, innovative environment for traders, and I’m eager to contribute to the growth of our platform, enhancing institutional offerings while expanding sophisticated retail solutions,” Shunyet added.

Helen Liu, Chief Operating Officer of Bybit, commented, “Shunyet’s dual expertise in traditional finance and crypto markets equips him to elevate our platform for institutional clients. His insights and leadership will be instrumental as we broaden our reach in institutional services and enrich our derivatives offerings.”

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, users can visit Bybit Press 

For media inquiries, users can contact: [email protected]

For more information, users can visit: https://www.bybit.com

For updates, users can follow: Bybit’s Communities and Social Media

Contact

Head of PR
Tony Au
Bybit
[email protected]

Toronto, Canada, December 5th, 2024, Chainwire

Web3 operating system Andromeda has announced a collaboration with Deep3 Labs to integrate advanced AI models into its decentralized OS. The partnership will empower developers to use AI to improve functionality, security, and user experience in web3 applications.

Deep3 Labs is recognized for its expertise in machine learning and AI-driven tools tailored for web3. Its core products include models such as HODL-C1 and StakeSage-C for advertising and decision optimization, DeepShield for real-time security threat prevention, and CLUSTR-1 for advanced trading analytics.

The partnership will incorporate these AI models as Andromeda Digital Objects (ADOs), allowing seamless integration into decentralized applications through AndromedaOS (aOS). This will allow developers to incorporate these powerful tools into decentralized applications. Key benefits include real-time threat detection via DeepShield and predictive analytics to optimize dapp performance.

Mant Hawkins, Andromeda Core Contributor, said: “This partnership between Deep3 and Andromeda sets the stage to build a powerhouse of capabilities for our multi-chain ecosystem plans. Having been at the leading edge of AI operational value creation for decades, I see this as a cornerstone moment for Andromeda and the future of Web3.”

Daniel Stephens, Deep3 Labs Founder and CEO says “This partnership is a game-changer for the Web3 industry. Integrating our advanced AI capabilities within Andromeda unlocks completely new capabilities for aOS developers and exciting new data flows for Deep3’s researchers.  The interoperability of the cosmos ecosystem will massively increase our training datasets, allowing us to develop even more powerful on-chain machine learning solutions. Together, we are setting new standards for both Web3 DX and UX that will accelerate the adoption of blockchain tech.”

The integration will enhance aOS’ No-Code Builder, allowing developers and non-technical users to create AI-enhanced decentralized applications without extensive coding knowledge. Andromeda’s Inter-Blockchain Communication (IBC) protocol will also provision Deep3’s AI models across multiple Cosmos chains, improving scalability and cross-chain operations.

The partnership will support the creation of applications such as AI-enhanced DeFi products, advanced NFT marketplaces with predictive analytics, and personalized experiences in decentralized social platforms.

The integration of Deep3 Labs’ AI models into AndromedaOS is expected to bring substantial benefits to the Andromeda ecosystem, including empowering developers with advanced AI tools, simplifying the creation of intelligent dapps, and expanding Andromeda’s cross-chain capabilities. Through the collaboration, Andromeda and Deep3 Labs aim to create an environment where advanced AI can be used to create novel onchain applications that extend the capabilities of web3.

About Andromeda

Andromeda is an AI enhanced onchain suite of products, tools, and utilities enabled by a decentralized operating system called the Andromeda Operating System (aOS). aOS is designed to make web3 simpler and building onchain easier. aOS allows users, creators, and developers to rapidly build dApps, dropping development time from months to minutes. Developers can compose ADOs and dApps across the Cosmos Ecosystem and beyond to maximize their total addressable market and interoperability with the best web3 projects and purpose-built blockchains.

Learn more: https://www.andromedaprotocol.io/

About Deep3 Labs

Deep3 Labs specializes in developing advanced AI-driven solutions tailored for Web3. With a mission to bridge the gap between AI and blockchain, Deeb3 empowers developers and businesses to create smarter, more secure, and efficient decentralized applications. By combining advanced machine learning techniques with blockchain interoperability, Deep3 Labs is driving the next generation of scalable Web3 applications.

Learn more: https://www.deep3.ai/

Contact

Avishay Litani
[email protected]