Morph, the blockchain for consumer applications, has announced the launch of a centralized exchange coalition aimed at supporting new blockchain projects and developers.
The Morph Centralized Exchange Coalition will bring together the best CEXs from across the industry, the Morph team said in a press release shared with crypto.news on September 10.
Coalition includes Bitget and MEXC exchanges
According to an announcement shared with crypto.news, the initiative aims to improve visibility on major exchanges for projects and developers, including Bitget, MEXC, HTX, and Poloniex. The exchanges will help projects increase their market presence and liquidity.
The Morph Centralized Exchange Coalition will also connect builders with potential venture capital funding opportunities. The coalition’s integration committee will review and recommend projects for listing on the exchange. At the same time, the program will reduce the need for projects to allocate resources to stages such as discovery and due diligence.
Rather than simply providing grants or other funds, the CEX Coalition will focus on equipping developers to launch and scale for mass adoption.
“By providing projects with clear access to leading trading platforms and potential funding opportunities from leading 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 for 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 set to gain further traction ahead of the launch of its mainnet, 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 partnered with Foresight Ventures to launch a $20 million ecosystem fund. Morph revealed that the fund would target early-stage consumer projects powered by blockchain.
