BitWell and FIO Reached Strategic Cooperation, Creating a More Convenient User Trading Experience under Web 3.0

We are pleased to announce that BitWell has entered into a strategic partnership with FIO Protocol, the Web 3.0 infrastructure provisioning Protocol. The two parties will cooperate on all aspects of trading convenience and security, lowering the user threshold, and improving the on-chain transaction experience.

BitWell will integrate the FIO Send feature into its platform products to lower the threshold for users to enter the crypto market by simplifying the abstraction of private keys and public addresses and further enhancing the ease of use, convenience, and security of crypto-asset trading.  With FIO Send integration, BitWell users will be able to send and receive any token/coin from BitWell exchange using human-readable wallet names (e.g. [email protected]), lessening the chance of sending crypto to the wrong address. 

The two parties will further cooperate on decentralized platforms and related financial products, on-chain contracts, on-chain options, etc., using the FIO protocol to facilitate users to participate in decentralized transactions ‘seamlessly’.

The FIO Foundation will work with BitWell to promote the research and construction of decentralized infrastructure, provide more low-threshold, efficient and secure solutions, and jointly create a better user participation and trading experience under Web 3.0.

About BitWell

BitWell is an international digital asset derivatives trading platform with team members from more than 10 countries and regions around the world, and its key backbones have worked for Morgan Stanley, IBM, Paypal, Tencent, Baidu, Sina, Binance and other world-renowned financial and technology companies. BitWell has a number of product lines to meet the needs of users at all levels, providing one-stop digital asset trading and financial management services.

About FIO Protocol

FIO, the Foundation for Interwallet Operability, is a decentralized consortium of blockchain organizations and community members supporting the ongoing development, integration, and promotion of the FIO Protocol. The protocol is an open-source, decentralized usability layer solution that works across all blockchains, and uses human-readable Crypto Handles to replace the complexity, risk, and inconvenience that comes with blockchain-based transactions using public addresses.