Magic Eden Taps Spark to Enhance Bitcoin DeFi With Fast, Low-Cost Settlement
Bitcoin.com
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Magic Eden Taps Spark to Enhance Bitcoin DeFi With Fast, Low-Cost Settlement
Crypto platform Magic Eden has announced a partnership with Spark to enhance trading on bitcoin by providing fast and low-cost settlement for native assets.
By integrating with Spark, Magic Eden plans to unlock efficient transactions for various market types, including stablecoin-to- BTC swaps, while maintaining the integrity of bitcoin’s trust model. Spark is designed to operate natively on bitcoin, ensuring that every transaction and asset is rooted in the blockchain’s base layer, with features such as sub-second finality and minimal fees.
Jack Lu, CEO of Magic Eden, expressed confidence in the potential of bitcoin DeFi, positioning Magic Eden as a leading platform for onchain bitcoin applications. The integration is expected to go live in the coming months, with further details on timelines and market support to be announced.
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