Velar Dharma has partnered with Xverse Wallet to enable Bitcoin L2 exchange.

Velar Dharma integrates with Xverse to provide seamless Bitcoin L2 exchanges in Wallet. Velar is now the exclusive Bitcoin L2 swap provider for Xverse users. The partnership will improve Xverse users' access to fast, secure and competitive exchanges.

Velar Dharma, the Bitcoin Layer 2 (L2) trading protocol, has offered its services with Xverse, a non-custodial wallet designed for the Bitcoin L2 ecosystem.

This partnership allows Xverse users to trade BTC, STX and stablecoins directly in their wallet through Velar Dharma's Automated Market Maker (AMM) engine.

Velar Dharma will be Bitcoin L2 swap provider in Xverse.

As a result of this partnership, Velar Dharma will be the sole provider of Bitcoin L2 swaps in the Xverse platform.

Users can now trade on the Stacks L2 network, ensuring fast, secure and competitively priced exchange of Velar's deep liquidity pools.

Xverse is a popular Web3 wallet known for providing a secure and user-friendly gateway to the Bitcoin ecosystem. The wallet allows users to store and trade various Bitcoin L2 assets including BTC, Ordinals and Runes.

As both a mobile app and browser extension, the wallet offers robust support for Bitcoin-based assets, including the option of enhanced security with built-in Ledger integration.

Velar Dharma CEO Mithil Thakore hailed the partnership, “We are thrilled to be the exclusive exchange partner for Xverse, a wallet that provides unparalleled access to the Bitcoin L2 ecosystem. This partnership brings Velar Darman's transaction capabilities to Bitcoin natives, who can trade directly in their wallets with full control of their assets.”

Ken Liao, CEO of Xverse, echoed this sentiment, “The integration of Velar Swaps into Xverse will improve user convenience and enhance Bitcoin L2 transactions.

In particular, Velar Dharma's entry into the Xverse wallet marks a major milestone in its efforts to become the leading decentralized exchange in the Bitcoin ecosystem. By supporting multiple Bitcoin L2 networks, Velar Dharma is expanding the reach of decentralized finance (DeFi) opportunities to a growing number of users.

This merger represents a major step forward for both companies as they continue to innovate in the Bitcoin DeFi space, providing users with secure, efficient and flexible trading options.