Spark & Magic Eden Team Up at BitGala to Revolutionize Bitcoin Trading
Spark and Magic Eden are set to join forces at BitGala on May 26th, marking a significant step in their collaboration and engaging with the Bitcoin community. The event will kickstart their partnership, aiming to enhance Bitcoin-native asset trading.
The integration will bring several improvements to Bitcoin trading. Users can now buy, sell, and earn Bitcoin-native assets more efficiently through Spark's infrastructure, starting with stablecoin-to-BTC swaps. This move addresses long-standing issues such as slow transaction times, high fees, and poor user experience.
David Marcus, CEO and co-founder of Lightspark, expressed enthusiasm about Magic Eden's role in building the future of on-chain Bitcoin DeFi directly on Spark. Marcus is known for his previous role at Meta's Novi digital wallet and his early involvement in cryptocurrency projects. Meanwhile, Jack Lu, CEO of Magic Eden, shared his excitement about leading the forefront of Bitcoin DeFi, aiming to make BTC 'fast, fun, and for everyone' with Magic Eden as the #1 BTC native app on-chain. Spark's unique features, including transaction finality in under a second and fees below one cent, will enable faster and more cost-effective transactions without using bridges or synthetic assets.
The collaboration between Spark and Magic Eden is set to revolutionize Bitcoin trading. With improved efficiency, speed, and cost-effectiveness, users can now look forward to a smoother experience when buying, selling, and earning Bitcoin-native assets.
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