Bitoro Network, a leveraged trading protocol and ecosystem aggregator for the perpetual futures market, has launched Injective, a Web3-optimized decentralized finance platform.
According to a press release shared with Crypto Briefing, the integration will provide Bitoro with new trading channels for instant and low-cost trading, integrated staking vaults, and features that would help onboard institutional clients.
Bitoro will leverage Injective’s infrastructure and onchain order book to enhance its platform and offer new markets in a MEV-proof environment. The integration would also see Bitoro participate in the betting pools and vaults for various decentralized finance projects.
According to Injective, its suite of real-world asset (RWA) modules would enable Bitoro to introduce onchain perpetual futures for RWAs, including forex pairs and commodities, and spot crypto markets through ETFs and ETNs. In fact, this integration would increase market depth and liquidity for Bitoro’s trading pairs.
“This partnership not only enhances the capabilities of our platform, but also significantly expands our reach, reinforcing our commitment to providing safe, compliant and accessible trading opportunities for all,” said Brian Purcell, Founder and CEO of Bitoro Network .
The launch of Bitoro Network on Injective also opens its access to institutional-grade infrastructure, providing it with specialized services for higher security and compliance standards. In particular, Injective’s network is secured by more than 60 global institutions working together as validators.
Launched sometime in March this year, Bitoro is establishing itself as a premier aggregator for permanent liquidity ecosystems and claims to be the world’s first leveraged trading protocol for this sector. Bitoro claims its primary goal is to unify “the fragmented market” on a single platform. The cross-trading platform has reached a trading volume of more than $1 billion less than two months since it became operational.