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Crypto exchange Bitget announced that it has now become the first exchange to support EVM-compatible addresses, freeing users from blockchain bridge hassles and profile cloning. Users can now trade and store assets with one EVM-Compatible Address through multiple chains on the Bitget platform.
The new EVM-compatible address feature is launched following Bitget's recent announcement of passwordless withdrawals. The combination of the two new features aims to provide Bitget users fast and unrestricted cross-chain trading. By leveraging the Layer2 environment of the Ethereum network, Bitget has essentially connected Ethereum, Polygon, BSC, Arbitrum One, Optimism, and other chains into a single domain for its users.
On the launch of EVM-compatible addresses, Gracy Chen, Managing Director of Bitget, commented, "the blockchain space is extremely crowded and navigating its many technical aspects is a serious impediment for new entrants. Our goal is to drastically cut down the time and effort users need for basic operations. By enabling passwordless withdrawals and EVM address functionality, Bitget is dramatically simplifying the trading experience for users."
Profile hopping and duplication of actions across platforms located on different chains is not only time-consuming, but also expensive, given that asset transfers across chains incur fees. By relying on a unified EVM-compatible address, users will have direct and commission-free asset migration abilities on Bitget.
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