Morph, a blockchain platform for consumer applications, has announced the launch of a centralized exchange coalition aimed at supporting new blockchain projects and developers.

Morph Centralized Exchange Coalition

The Morph Centralized Exchange Coalition will bring together top centralized exchanges (CEXs) from across the industry. This initiative targets enhanced visibility across leading exchanges for benefiting projects and developers, including Bitget, MEXC, HTX, and Poloniex. These exchanges will help projects achieve increased market presence and liquidity.

Coalition Members

The coalition includes prominent exchanges such as Bitget and MEXC. The primary goal is to provide projects with the necessary resources to gain market traction and liquidity. This initiative is not just about providing grants or funds but focuses on equipping developers to launch and scale their projects for mass adoption.

“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.” – Cecilia Hsueh, CEO and Co-founder of Morph

Benefits to Ecosystem Players

The initiative could bring multiple benefits to projects, exchanges, and Morph, including increased market activity, total value locked, and decentralization. Morph is also poised to gain further traction ahead of its mainnet launch, which will introduce a consumer layer aimed at driving adoption and bridging the gap between blockchain and real-world use cases.

In August this year, Morph teamed up with Foresight Ventures to launch a $20 million ecosystem fund. This fund targets early-stage consumer projects building on the blockchain.

Stay updated with the latest developments in the cryptocurrency world on Global Crypto News.

Post Views: 1