Decentralized exchange aggregator OpenOcean has expanded its services to Rootstock, a decentralized finance protocol built on Bitcoin. This integration introduces the first DEX aggregator to Rootstock, a smart contracts network on Bitcoin (BTC) that offers compatibility with Ethereum (ETH).

The integration was announced in a press release on Aug. 13. Rootstock’s EVM-compatible platform allows OpenOcean users to tap into Ethereum’s crypto-economic potential while benefiting from Bitcoin’s security.

“This expansion not only aligns with our mission to provide comprehensive, efficient, and user-friendly trading solutions across all of our supported blockchains but also empowers our users to utilize the trust of the Bitcoin network in a way that was not possible before,” said Guy P., Rootstock head of growth.

OpenOcean offers its crypto trading services across more than 35 blockchains, integrating 99% of liquidity pools, including those from Uniswap (UNI). The integration with Rootstock also enables full trading for top coins and trading pairs.

Bitcoin DeFi Ecosystem Growth

The Bitcoin ecosystem continues to experience significant growth as more users leverage their BTC holdings. In February, crypto venture capital firm Pantera Capital highlighted the potential for a DeFi explosion on the flagship blockchain network. According to analysts at the firm, Bitcoin-based decentralized applications represent an “untapped” half a trillion-dollar market.

In April, Stacks co-founder Muneeb Ali noted that BTC adoption could benefit greatly from the huge traction for Bitcoin layer 2 protocols. Platforms like Satoshi Protocol and Merlin Chain have launched projects aimed at enhancing Bitcoin’s DeFi ecosystem.

For those interested in the latest developments in the cryptocurrency world, continue exploring more news on Global Crypto News.

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