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November 11, 2024 — BounceBit, a company specializing in the integration of centralized and decentralized financial technologies, today announced the launch of its CeDeFi V2 protocol upgrade. Supported by investors such as, the platform seeks to combine the strengths of centralized finance and decentralized finance to offer enhanced security and efficiency.
"Financial markets are evolving, and there's a growing need to bridge the gap between CeFi and DeFi," said Jack Lu, founder and CEO of BounceBit. "Our CeDeFi V2 platform is designed to leverage the liquidity of centralized exchanges while incorporating the transparency of decentralized systems."The traditional DeFi sector has faced challenges like valuation compression and lower expectations for token generation events.
"Enhancing security features and operational efficiency has been a key focus for us," added Lu. "There's a clear demand for secure platforms, as evidenced by the growth in custody solutions even during market downturns. CeDeFi V2 is positioned to meet this demand."Earlier this year, BounceBit raised $6 million in seed funding, co-led by Blockchain Capital and Breyer Capital, with participation from Binance, CMS Holdings, and others.