Injective Protocol and Bitoro Network have come together to introduce an innovative on-chain perpetual futures platform. The official launch is scheduled for tomorrow, June 13th, at 10 am ET. This partnership aims to offer fast and cost-effective trading opportunities for both institutional-grade real-world assets (RWA) and cryptocurrency futures.
In just under two months since its launch, Bitoro Network has already amassed a user base of over 30,000 individuals. With a trading volume surpassing $1 billion, it has quickly become the fastest-growing decentralized futures exchange available. Injective and Bitoro have set ambitious goals to establish themselves as top-tier trading platforms, competing with leading providers based on criteria such as fees, speed, and reliability.
The integration of Injective with Bitoro Network significantly broadens the range of decentralized perpetual futures platforms offered. By incorporating Injective’s robust blockchain infrastructure and on-chain order book, Bitoro can introduce new trading pairs, lower fees, as well as staking vaults and solutions tailored for institutional use.
Through Injective’s provision of comprehensive on-chain perpetual markets for a wide range of assets, including real-world assets like forex pairs and commodities, Bitoro can leverage shared liquidity pools on-chain to enhance market depth and liquidity for various trading pairs. Moreover, Bitoro stands to benefit from Injective’s institutional-grade infrastructure and security measures, enabling easier compliance with global standards and integration with existing trading systems.
Brian Purcell, the CEO of Bitoro Network, expressed his enthusiasm for the partnership with Injective. He highlighted how Injective’s architecture enhances Bitoro’s offerings, bringing advanced features such as institutional gateways and on-chain perpetuals for RWAs, along with cost-effective trading options. Eric Chen, the co-founder and CEO of Injective Labs, reiterated the value of Injective’s plug-and-play modules in empowering developers to deploy innovative dApps quickly. He looks forward to seeing Bitoro leverage Injective’s on-chain order book and other features to provide unparalleled liquidity and a seamless user experience.
By aligning with an established player like Injective, Bitoro is poised to solidify its position as a premier provider of perpetual liquidity pools. Achieving a trading volume of $1 billion in less than two months since its Q1 2024 launch, Bitoro is well-positioned to enter new markets and deliver cutting-edge trading solutions for both retail and institutional traders.