Singapore, Singapore, September 10th, 2024,
Chainwire
The coalition will consist of top
centralized exchanges including Bitget, HTX, MEXC and Poloniex
among others
Morph, the global consumer layer for driving
blockchain adoption for the mass markets, today announced the
launch of the Morph Centralized Exchange Coalition, an initiative
composed of top centralized exchanges (CEXs) to support promising
blockchain projects and developers.
The Morph Centralized Exchange Coalition will provide blockchain
projects and developers with enhanced visibility within major
exchange ecosystems, increasing market presence and liquidity
options. Top-tier CEXs including Bitget, HTX, MEXC and Poloniex
among others, will operate as key components in supporting
ecosystem growth.
The centralized exchanges involved will be given access to a
pipeline of high-quality projects that are vetted and approved by
the Coalition’s Integration Committee, reducing resource allocation
for project discovery and due diligence. Projects that are approved
by the Integration Committee will be given the opportunity to
present directly to participating exchanges that will make all
listing decisions independently.
Furthermore, Morph will continue to develop an on-chain
ecosystem for the platform tokens of our partners, creating a
benefit for centralized exchanges in the form of increased
activity, while Morph stands to benefit from an increase in TVL.
Additionally, this will enable seamless on-chain interactions,
hopefully driving greater decentralization at the benefit of both
actors - exchanges and Morph alike.
“Morph prioritizes sustainable growth and substantial
support for our community,” said Cecilia Hsueh, CEO and
Co-Founder of Morph. “Rather than simply awarding funds,
we focus on equipping builders with crucial resources for launching
and scaling to mass markets. This is achieved through initiatives
like the Centralized Exchange Coalition and the VC Alliance. By
providing a clear pathway for projects to access major trading
platforms and potential funding opportunities from top-tier venture
capital firms, we are able to drive meaningful impact and long-term
success for blockchain projects.”
The launch of the coalition marks another pivotal step towards
Morph’s mission of developing sustainable customer-focused
application success, rather than short-term gains. This is one of
the final steps towards the upcoming Morph main net - starting a
new chapter within the industry itself - the consumer chapter,
where projects will be taken from idea to launch and scaling for
the mass-markets, ushering in a new era of users within the
blockchain sector as Morph continues to develop its core mission of
bridging the user gap between blockchain projects and real world
usage.
About Morph
Morph is a fully
permissionless EVM L2 that uses a combination of optimistic and
zero knowledge rollup technology to enable limitless possibilities
in finance, gaming, social media, and entertainment. Morph is the
first Layer 2 on Ethereum to launch with a decentralized sequencer,
aligning it with several core principles of web3—decentralization,
censorship resistance, and security. The blockchain was built with
mainstream audiences like gamers and social media users in mind,
making it a user-friendly option for developers who require a chain
to build these types of apps. Bitget, the world's
leading cryptocurrency exchange, is an original investor in Morph
that will continue to play a role, alongside other investors, in
shaping the Morph ecosystem.
Morph’s founders bring unique
backgrounds and perspectives to the company. Cecilia Hsueh, Morph’s
Co-Founder and CEO, previously founded Phemex, a top global crypto
derivatives exchange. Azeem Khan, Co-Founder and COO, was formerly
Head of Impact at Gitcoin, where he helped lead one of the most
notable grant programs in the space. Together they launched Morph
to empower people who have historically been excluded by the
traditional financial system.
Contact
Media
Contact
morph@mgroupsc.com