For long-term Bitcoin holders, accessing capital has traditionally presented a difficult choice: sell a portion of their holdings or leave that value untouched.
Bitcoin-backed lending offers another option, allowing holders to borrow against their Bitcoin while maintaining exposure to the asset.
In a recent video shared on X, SALT Lending highlighted how borrowers can use Bitcoin-backed loans for more than simply accessing cash, outlining several ways liquidity can support broader financial goals.
Bitcoin-backed loan = liquidity without selling.
Real estate. Business growth. Diversification.
Keep your long-term position. Put capital to work.
Turning Bitcoin Holdings Into Financial Opportunity
Rather than selling Bitcoin to fund a major purchase or investment, borrowers can pledge their holdings as collateral to access capital while preserving their long-term position.
One potential use case is real estate. Bitcoin holders looking to purchase property may be able to leverage their holdings for liquidity instead of liquidating Bitcoin to fund the transaction.
Business expansion presents another opportunity. Entrepreneurs and business owners can potentially use Bitcoin-backed loans to fund operations, hire employees, or pursue growth opportunities without selling their Bitcoin or giving up equity in their businesses.
SALT Lending also pointed to investment diversification as another possible application. Borrowers may use loan proceeds to access other markets or investment opportunities while retaining exposure to Bitcoin.
Another consideration is tax planning. Selling appreciated Bitcoin can trigger capital gains taxes, while receiving proceeds from a properly structured loan generally does not constitute a taxable sale. However, individual tax circumstances vary, and borrowing introduces additional financial risks.
A Strategic Approach to Bitcoin Liquidity
The broader takeaway from SALT Lending’s video is that Bitcoin-backed borrowing should be viewed as a financial planning decision rather than simply a way to access cash.
Real estate purchases, business investments, and other opportunities all require borrowers to weigh the potential benefits of liquidity against borrowing costs, repayment obligations, and the risks associated with Bitcoin’s price volatility.
Because Bitcoin-backed loans are secured by a volatile asset, significant price declines can increase loan-to-value ratios and potentially require additional collateral or trigger liquidation, depending on the loan terms.
For borrowers with a clear financial strategy, however, the ability to access capital without immediately selling Bitcoin creates another avenue for putting their holdings to use.
SALT Lending provides Bitcoin-backed lending solutions designed to help eligible borrowers access liquidity while maintaining their long-term Bitcoin exposure.
As Bitcoin continues to evolve beyond an asset primarily associated with buying and holding, lending may play an increasingly important role in how holders manage their finances and pursue opportunities without necessarily selling their Bitcoin.
Disclaimer:SALT Lending is a paid sponsor of BMTV and serves as BMTV’s Official Liquidity Sponsor. This article is sponsored content and does not necessarily reflect the views or opinions of Bitcoin Magazine. The information provided is for promotional purposes and should not be considered financial advice. Readers are encouraged to conduct their own research before making any investment decisions related to Bitcoin or other financial products mentioned herein.
Bitcoin’s portability, divisibility and accessibility could increasingly distinguish it from traditional stores of value as more institutions enter the market, according to SALT Lending CEO and Co-Founder Shawn Owen.
Speaking on BMTV, Owen pointed to Bitcoin’s resilience while gold and other long-duration assets sold off, arguing that some of Bitcoin’s most basic characteristics give it advantages over competing assets.
“It is easier to buy Bitcoin than gold,” Owen said.
That advantage becomes even more apparent when mobility matters.
“It’s easier to move Bitcoin out of, say, somewhere where you need to leave quickly because there’s unrest in the area than gold,” Owen said. “It’s far more portable and divisible and easy to use than real estate.”
SALT CEO Shawn Owen (@Shawn_OwenJ) on why Bitcoin held up while gold and other long duration assets sold off:
"It is easier to buy Bitcoin than gold."
"It's easier to move Bitcoin out of, say, somewhere where you need to leave quickly because there's unrest in the area than… pic.twitter.com/YQ9KGauue8
Gold, real estate and bitcoin can all serve as long-term stores of value, but accessing and moving that value looks very different.
Physical gold requires storage and transportation. Real estate is tied to a specific location and can take time to buy or sell. Bitcoin can be transferred globally and divided into small units without those same physical constraints.
Those characteristics can also give Bitcoin holders more flexibility when they need liquidity.
Rather than selling bitcoin to access dollars, holders can potentially use it as collateral and borrow against its value while maintaining exposure to the underlying asset.
That model becomes particularly relevant if Owen’s longer-term outlook for Bitcoin adoption proves correct.
Institutional FOMO Is Arriving
Owen believes the experience many individual Bitcoin holders have already gone through, discovering Bitcoin and wishing they had gotten involved earlier, may eventually play out among much larger institutions.
“Every human goes through this experience where you learn about Bitcoin and wish you’d been earlier,” Owen said. “I think that will be true of sovereigns and banks and institutions of all sizes.”
Banks have taken considerably longer to enter the market, but Owen believes that is beginning to change as many of the hurdles surrounding Bitcoin have been addressed.
“Banks have been slow, but are now getting in after all the boxes have been checked,” he said. “FOMO is real.”
JUST IN: Salt Lending CEO says sovereign wealth funds and banks are realizing the importance of Bitcoin
"Every human goes through this experience where you learn about Bitcoin and wish you'd been earlier…I think that will be true of sovereigns and banks of all sizes." pic.twitter.com/2pxKVh1Q2O
Owen cautioned that adoption and price appreciation will not necessarily happen in a straight line. As Bitcoin matures and more capital enters the market, he expects some dampening of its historic volatility.
That does not change his longer-term outlook.
“Adoption depends on the time horizon we’re talking about,” Owen said. “Dampening of volatility, and we will continue to see that, but that doesn’t mean over the next decade we won’t see serious adoption and increase in price.”
“Never Sell Your Bitcoin”
That long-term view also shapes how Owen thinks holders should approach their bitcoin.
“I have always said never sell your bitcoin,” Owen said. “Long term we will continue to see prices increasing significantly in comparison to fiat currencies.”
For holders who share that outlook, selling bitcoin to cover a large purchase, business expense or other liquidity need means giving up future exposure to the bitcoin they sell.
Bitcoin-backed lending provides an alternative.
SALT allows eligible borrowers to use bitcoin as collateral to access cash without selling the underlying bitcoin. Once the loan is repaid, the collateral is returned to the borrower.
The model aligns closely with Owen’s broader thesis. If Bitcoin continues becoming easier to access and more widely adopted by banks, institutions and potentially sovereigns, long-term holders may become increasingly reluctant to sell simply because they need liquidity.
Instead, they can potentially maintain their bitcoin position while accessing the value stored within it.
As Bitcoin adoption expands, the conversation may increasingly move beyond how to acquire bitcoin and toward how holders can use the wealth they have accumulated without necessarily selling the asset.
Disclaimer:SALT Lending is a paid sponsor of BMTV and serves as BMTV’s Official Liquidity Sponsor. This article is sponsored content and does not necessarily reflect the views or opinions of Bitcoin Magazine. The information provided is for promotional purposes and should not be considered financial advice. Readers are encouraged to conduct their own research before making any investment decisions related to Bitcoin or other financial products mentioned herein.
What liquidity fragmentation is, why every new blockchain splits the same money into smaller pools, what that costs, and how each type of bridge fixes it, with Garden Finance as a worked example.
Liquidity fragmentation is the splitting of the money available to trade an asset across many separate blockchains whose pools cannot draw on each other. The public registry of EVM chains lists 2,797 chain IDs, DefiLlama tracks 468 chains with DeFi deposits, and on 8 October 2026 six of those chains held 86.5% of the $93.4 billion in DeFi. Each new chain divides trading depth again, so trades on smaller chains move prices more, the same asset turns into several tokens that are not interchangeable, and market makers have to keep inventory on every chain. Bridges fix this by letting a trade on one chain use liquidity that sits on another. How well a bridge does that depends on its design: wrapped-token bridges add another version of the asset, while burn-and-mint transfers, intent-based bridges and atomic swaps deliver the native asset and let one pool of capital serve many chains.
What is liquidity fragmentation in crypto?
Liquidity fragmentation in crypto is the condition where the capital available to trade an asset is spread across many blockchains, and many pools on each, instead of sitting in one place where every trade can use it. Liquidity means how much of an asset can be bought or sold without moving its price much. A deep market absorbs a large trade with little price change, and a thin one does not.
On a single blockchain, apps can share liquidity. A DEX aggregator on Ethereum can split one order across Uniswap, Curve and Balancer inside the same transaction. Across chains that stops working. A pool on Ethereum cannot fill an order placed on Solana, because the two chains keep separate ledgers and cannot read each other’s balances. Every chain is its own market for every asset on it, and a new chain starts as an empty market until someone moves money there.
Fragmentation has two layers. The money is split across chains, and the asset itself splits into versions. Bitcoin on Ethereum is not BTC but a token such as WBTC or cbBTC, each backed and redeemed by a different issuer, and each trading in its own pools.
How many blockchains are there in 2026?
The number of blockchains in 2026 depends on what you count, and every count runs into the hundreds or thousands. The public registry of EVM chain IDs at chainid.network listed 2,797 entries on 8 October 2026, a list that includes testnets and networks that have since shut down. DefiLlama, which only tracks chains where DeFi apps hold deposits, listed 468. Most of the money sits on very few of them.
The pattern is a few deep markets and a long tail of shallow ones. 324 of the 468 chains, about 69%, hold less than $1 million each, and 140 report no DeFi value at all. Bitcoin, the largest crypto asset, ranks only sixth at $4.42 billion, because most of the applications that use BTC run on other chains and need a tokenised version of it.
Why do so many new blockchains keep launching?
New blockchains keep launching because building one has become cheap, and the teams that launch them keep fees, control and token value that they would not get as one app on someone else’s chain. Four things drive it.
Off-the-shelf stacks. OP Stack, Arbitrum Orbit, ZK Stack and Polygon CDK let a team launch a rollup from existing code, and rollup-as-a-service companies run the infrastructure for them.
Fees and control. An app on its own chain keeps its transaction fees and sequencer revenue and sets its own rules for throughput and upgrades. Exchanges, brokers and payment companies now run chains of their own: Base (Coinbase), Ink (Kraken), Robinhood Chain and Arc (Circle) are all on DefiLlama’s list.
Specialisation. Chains built for one job, such as perpetuals trading on Hyperliquid or payments on Tempo, tune their design for it.
Tokens and incentives. A new chain usually arrives with a token and an incentive programme, and incentives are the usual way to pull in the first deposits.
Liquidity does not come with the code. Each new chain has to attract deposits away from chains that already have them, and much of what it attracts is existing money moving around rather than new money arriving. Newer chains such as Monad, Robinhood Chain and Arc held between $0.54 billion and $1.05 billion each on 8 October 2026, which makes them among the more successful launches. The 324 chains under $1 million are the more common outcome.
How is money fragmented across blockchains?
Money is fragmented across blockchains in three ways: the same dollar token is issued on dozens of chains, the same app is deployed separately on each chain, and the same asset exists as several different tokens. Stablecoins show the first.
USDC on 128 chains means the dollar liquidity behind one token sits in 128 separate places, and a USDC balance on one chain cannot settle a trade on another.
Apps fragment the same way. Uniswap, the largest decentralised exchange, had liquidity on 46 chains on 8 October 2026, with 65% of its $3.96 billion on Ethereum. A USDC/ETH pool on Arbitrum and a USDC/ETH pool on Base are separate markets with separate prices, even though they belong to the same app and trade the same pair.
Bitcoin shows the third kind. Garden Finance’s asset catalogue on 8 October 2026 listed native BTC on three networks (Bitcoin, Lightning and Spark) and six tokenised versions across nine other chains: WBTC, cbBTC, BTCB, uBTC, kBTC and strkBTC. Each has its own issuer and its own pools, so a WBTC/USDC pool cannot fill an order for cbBTC, even on the same chain.
What problems does fragmented liquidity cause?
Fragmented liquidity causes five problems: worse prices on larger trades, price gaps between chains, assets that look the same but are not interchangeable, capital tied up on every chain, and users stuck on the wrong chain.
Higher slippage on every trade
Slippage from fragmented liquidity is easiest to see with the constant-product formula that Uniswap introduced, where the price you pay rises with the size of your trade relative to the pool. In that design, buying with $X pushes the average price you pay above the starting price by X divided by the pool’s balance on the side you pay into, before fees. Take $10 million of liquidity for one trading pair. In a single pool, $5 million sits on each side. Split evenly across ten chains, each pool has $500,000 a side.
The total money is the same in both columns, and only its location changed. On a $50,000 trade, the shortfall against the starting price grows from about $500 to about $4,500. Concentrated-liquidity pools, aggregators and professional market makers narrow these numbers in practice, but the direction holds: splitting the same depth across more pools makes each trade more expensive.
Price gaps between chains
Price gaps between chains appear because each chain’s pools set their own price from their own trades. When a large order moves the price on one chain, the others stay where they were until an arbitrageur buys on the cheaper chain and sells on the dearer one, and moving value back to repeat that trade needs a bridge. Gaps last longest on thin chains, where there is less capital to arbitrage with and bridging costs take a bigger share of the profit.
Assets that look the same but aren’t
Same-name assets become a problem because a token’s name says nothing about who backs it. USDC on Arbitrum can be native USDC issued by Circle or USDC.e, an older bridged version, and the two trade in different pools. Bitcoin on any chain other than Bitcoin is a claim on BTC held somewhere else, and WBTC, cbBTC and BTCB depend on three different custodians. Moving “BTC” from one chain to another can quietly swap one issuer’s risk for another’s.
Capital tied up on every chain
Capital gets tied up on every chain because anyone serving users on many networks, including market makers, exchanges, bridges and payment companies, has to keep inventory on each one, and much of it sits idle. Alea Research’s October 2024 study of Everclear, a settlement network for cross-chain flows, estimated that more than 80% of daily cross-chain volume could be netted against flows going the other way, and that existing systems move up to five times more capital than they need to. That cost reaches users as wider quotes.
Users stuck on the wrong chain
Users get stuck on the wrong chain because their money stays wherever they last used it, and the next app they want is often somewhere else. Moving it means finding a bridge, holding the destination chain’s gas token, and checking that the token that arrives is the version the app accepts.
What is a crypto bridge, and how does it solve fragmented liquidity?
A crypto bridge is a protocol that moves value from one blockchain to another, so that an asset, or its value, on one chain becomes usable on a second chain. Bridges solve fragmented liquidity by raising what this article calls reachable liquidity: the share of the market’s total liquidity that one trade, from one wallet on one chain, can actually draw on. Without a bridge, a trader on a small chain can only use that chain’s pools. With one, the same trader can reach Ethereum’s depth, or a market maker’s inventory on Solana, in a single action.
The money stays spread across chains. What changes is that a trade can draw on it from anywhere, and the better the bridge, the closer each trade gets to the depth of the whole market.
How do different types of crypto bridges work?
Different types of crypto bridges move value in different ways, and the difference that matters most for fragmentation is what you receive on the other side: the native asset, or a new wrapped version of it. There are six main designs.
Lock-and-mint bridges were the first widely used design and created most of the wrapped tokens in circulation. They connect chains quickly, but each one mints its own version of the asset, so two lock-and-mint bridges between the same two chains produce two tokens that do not trade in the same pool. They also concentrate risk, because the full backing of the wrapped token sits in one contract or with one custodian for as long as the token exists.
Burn-and-mint transfers solve the version problem one asset at a time. Because Circle issues USDC itself, CCTP can destroy USDC on one chain and create it on another, so what arrives is the same USDC every app on the destination accepts. Only an asset’s issuer can offer this.
Liquidity-pool bridges pay out real assets from a pool on each chain. That avoids wrapped tokens, but it splits the bridge’s own liquidity across every chain it serves, which recreates the problem inside the bridge.
Intent-based bridges and atomic swaps hand the liquidity problem to professionals. Market makers, called solvers, fillers or relayers depending on the protocol, keep inventory on many chains and compete to fill each request, so one pool of capital serves every route they quote and the user receives the native asset. Atomic swaps add a guarantee on top: with hash time-locked contracts (HTLCs), both sides lock funds and the swap either completes on both chains or the funds go back to their owners. HTLCs only need simple scripting, so they work on Bitcoin, which cannot run the smart contracts most other bridge designs rely on.
Aggregators do not move value themselves. They compare quotes across bridges and DEXs and route each transfer through the best combination, which treats every bridge as part of one market and raises reachable liquidity further.
Do bridges reduce liquidity fragmentation or add to it?
Bridges reduce liquidity fragmentation when they deliver the native asset, and add to it when they mint a new wrapped version. A lock-and-mint bridge connects two chains’ liquidity and, in the same step, creates a new token whose holders can only trade it in its own pools. Much of today’s asset-level fragmentation, such as USDC.e alongside native USDC, or several versions of BTC on one chain, came from bridges working this way. The designs that deliver native assets, which are burn-and-mint for issuers, liquidity pools, intents and atomic swaps, connect markets without adding another token to split them further. When comparing bridges, the token you end up holding matters as much as the fee.
Are crypto bridges safe?
Crypto bridges are among the most attacked contracts in crypto, because many of them hold large balances in one place. Chainalysis estimated in August 2022 that about $2 billion had been stolen in 13 cross-chain bridge hacks that year, 69% of all crypto stolen in 2022 up to that point. The problem has continued: in the second quarter of 2026, up to 22 June, $351 million of the $755.3 million stolen across 83 incidents came from bridges, according to data from Unfolded based on DefiLlama, as reported by Cointelegraph.
Risk differs by design. A lock-and-mint bridge holds the backing of every wrapped token in one place for as long as the tokens exist. An atomic swap only exposes funds for the length of one swap, in a contract tied to that swap. Intent-based bridges sit in between, depending on how their contracts hold deposits and repay fillers. Before using any bridge, check where your funds sit during the transfer and for how long, who can move them, what has been audited and when, and that you are on the real domain.
How does Garden Finance solve fragmented liquidity?
Garden Finance solves fragmented liquidity for Bitcoin by letting you swap native BTC and its tokenised versions between chains in one swap, filled from the inventory of competing solvers instead of from a separate pool for each route. Bitcoin is the clearest case of fragmentation in crypto: the asset lives on Bitcoin, most of the apps that use it run on other chains, and its liquidity is spread across native BTC and a list of wrapped versions, each with its own issuer and pools.
How does a HTLC swap work?
A HTLC swap works in four steps:
You choose what to send and what to receive, for example native BTC on Bitcoin to USDC on Base.
Solvers compete to quote it. Solvers are professional market makers holding inventory on many chains, and the best quote wins.
Both sides lock funds in hash time-locked contracts on their own chains: you on the source chain, the solver on the destination.
The swap settles on both chains. If it does not complete, the locked funds return to their owners once the time lock expires.
Example: moving 0.5 BTC from Bitcoin to USDC on Base
Moving 0.5 BTC, about $41,000 at $82,522, from a Bitcoin wallet into USDC on Base shows the difference in practice. The money is on Bitcoin and the app you want to use runs on Base. There are three common routes.
If your BTC already sits on an exchange, the exchange is the simplest route and there is little reason to leave it. If it sits in your own wallet, Garden turns three or four steps, each with its own fee and wait, into one swap, and you end up holding native USDC on Base rather than another wrapped token.
Where does Garden fit, and where doesn’t it?
Garden fits best wherever one side of the swap is Bitcoin: native BTC, Lightning, Spark or one of the tokenised versions it lists. It is less useful for moving stablecoins between EVM chains it does not cover, such as Optimism, Polygon or zkSync, where Circle’s CCTP for native USDC or an intent-based bridge such as Across reaches further. THORChain and Chainflip also swap native BTC, with liquidity held in their own pools and vaults rather than in solver inventory.
Garden reports more than $2 billion in total volume, lists audits by Trail of Bits, OSEC and Zellic, and describes itself as SOC 2 certified. It was also exploited in July 2026 and took its app offline for a period, and its public statements say no user funds were lost. Keeping funds in a contract tied to each swap limits what a single swap can lose. It does not guarantee that a service stays online, and that is true of every bridge in this article.
Will liquidity fragmentation get better or worse?
Liquidity fragmentation is likely to keep growing at the chain level, because the reasons to launch a chain, which are fees, control and specialisation, are not going away. What is improving is how much of the market a single trade can reach. Burn-and-mint transfers are replacing bridged stablecoins, intent standards such as ERC-7683, proposed by Uniswap Labs and Across in 2024, aim to let any filler serve requests from any app, and rollup ecosystems such as Optimism’s Superchain are working on native messaging between their own chains. None of those reach native Bitcoin, which will keep relying on swaps that can hold BTC directly.
For anyone moving money between chains today, three checks cover most of it: which token you will receive, where your funds sit along the way, and how many steps the route takes.
Definitions
Liquidity: how much of an asset can be bought or sold without moving its price much.
Liquidity fragmentation: the splitting of an asset’s available liquidity across separate blockchains and pools that cannot draw on each other.
Reachable liquidity: the share of the market’s total liquidity that one trade, from one wallet on one chain, can actually use.
Slippage: the difference between the price you expected and the average price you got, mostly caused by your own trade moving the pool’s price.
TVL (total value locked): the value of assets deposited in a chain’s or a protocol’s smart contracts.
Bridge: a protocol that moves value from one blockchain to another.
Wrapped token: a token on one chain that represents an asset held somewhere else, such as WBTC or cbBTC for BTC. Holding it adds the issuer’s risk to the asset’s.
Native asset: an asset on the chain where its issuer creates it, such as BTC on Bitcoin or Circle-issued USDC on Base.
Intent-based bridge: a bridge where you state the result you want and a third party delivers it from its own funds, then gets repaid.
Solver: a professional market maker that competes to fill cross-chain swap requests from its own inventory.
HTLC (hash time-locked contract): a contract that releases funds to whoever reveals a secret before a deadline, and returns them to the sender after it.
Atomic swap: an exchange of assets between two chains, usually built on HTLCs, that either completes on both chains or not at all.
Limitations
DefiLlama’s figures are a snapshot taken on 8 October 2026 at its default settings, and chain TVL and stablecoin supply change daily. TVL counts deposits in DeFi apps, not every coin held on a chain.
The chainid.network count includes testnets, deprecated networks and chains that never went live, so it measures how many EVM chains have been registered, not how many are in use. It also leaves out non-EVM chains such as Bitcoin and Solana.
DefiLlama’s per-chain stablecoin balances may count bridged versions of a token alongside native issuance, and the chain counts include chains with very small balances: 68 of USDC’s 128 chains hold more than $1 million.
The slippage table uses the constant-product formula without fees. Concentrated liquidity, aggregators and market makers change the numbers in practice, but not the direction.
Garden’s coverage, limits and time locks come from its live catalogue on 8 October 2026 and change often. Check the app before relying on a route.
Nothing here is financial advice.
FAQ
What causes liquidity fragmentation in crypto? Liquidity fragmentation in crypto is caused by the same assets and apps being spread across many blockchains that cannot share pools. DefiLlama tracks 468 chains with DeFi deposits, and each one is a separate market for every asset on it. Wrapped tokens add a second layer, because several versions of one asset trade in separate pools even on the same chain.
Why is fragmented liquidity bad for traders? Fragmented liquidity is bad for traders because thinner pools move more when you trade in them. Under the constant-product formula, splitting $10 million of liquidity across ten chains turns a 1% price impact on a $50,000 trade into about 10%. It also causes price gaps between chains and confusion between versions of the same asset.
Do bridges solve liquidity fragmentation? Bridges solve the part of liquidity fragmentation that matters for a single trade: they let it use liquidity on another chain. The money stays spread out but becomes reachable. Bridges that deliver native assets help most, while bridges that mint new wrapped tokens connect chains and add another version of the asset at the same time.
What is the difference between a bridge and a cross-chain swap? A bridge moves the same asset from one chain to another, such as USDC on Ethereum to USDC on Base. A cross-chain swap also changes the asset on the way, such as BTC on Bitcoin to USDC on Base, in one step. Many bridges now do both.
Are wrapped tokens the same as the original asset? Wrapped tokens are not the same as the original asset. A wrapped token is a claim on the original held by a custodian or a contract, so it carries that issuer’s risk as well as the asset’s own. WBTC, cbBTC and BTCB all track BTC, but each is redeemed through a different custodian and trades in its own pools.
How do I move Bitcoin to another chain without wrapping it myself? To move Bitcoin to another chain without wrapping it yourself, use a cross-chain swap that accepts native BTC. Garden, for example, swaps native BTC on Bitcoin into assets such as USDC or cbBTC on Base, Solana and other chains in one swap, at 0.0001 to 5 BTC per swap as of 8 October 2026. THORChain and Chainflip also accept native BTC.
Are crypto bridges safe? Crypto bridges are a frequent target: $351 million was stolen from bridges in the second quarter of 2026 up to 22 June, according to DefiLlama-based data reported by Cointelegraph. Safety depends on the design, so check where your funds sit during a transfer, for how long, who can move them, and what has been audited.
How many blockchains are there? There are thousands of registered blockchains and a few hundred with real activity. The EVM chain ID registry listed 2,797 entries on 8 October 2026, testnets included, and DefiLlama tracked 468 chains with DeFi deposits, of which 27 held more than $100 million.
TL;DR: Moomoo is integrating Crossover Markets’ CROSSx electronic communication network into its US crypto offering. The infrastructure offers sub-10-microsecond matching and will connect Moomoo’s retail interface with a broader network of digital-asset liquidity providers.
Retail traders rarely see the machinery sitting behind the buy and sell buttons on a crypto platform.
Moomoo is upgrading that machinery.
The trading platform has partnered with Crossover Markets to integrate CROSSx, an execution-only digital asset electronic communication network, into its US crypto offering.
CROSSx is built to match institutional digital asset orders at extremely low latency.
Crossover says its engine delivers sub-10-microsecond order-to-ack matching times and is designed to continue handling order flow during periods when crypto markets become particularly volatile.
Moomoo will connect its customer-facing trading interface to that infrastructure.
The company serves more than 30 million investors globally across its various markets, meaning the partnership potentially brings technology originally built around institutional execution to a very large retail distribution channel.
The appeal is straightforward.
Retail crypto platforms do not simply need a clean app.
They need liquidity behind that app.
When markets move quickly, the quality of routing, matching and available counterparties can affect how efficiently an order is filled and how closely execution matches the price displayed when a trader presses the button.
CROSSx operates from the NY4 data-center environment and connects market participants through its matching and routing technology.
Moomoo said the integration is intended to strengthen the reliability of its digital-asset execution as it expands crypto services for US customers.
That fits a broader trend in online brokerage.
Platforms that historically specialized in stocks increasingly want users to trade crypto without leaving the same account and interface.
Once that happens, expectations change.
Customers who are accustomed to mature equity-market execution are less likely to tolerate weak liquidity or unstable crypto infrastructure simply because the asset class is newer.
Crossover co-founder Anthony Mazzarese said the partnership reflects the shift toward platforms selecting specialized technology for each part of the trading lifecycle.
That may ultimately be the most interesting part of the deal.
Crypto exchanges once tried to build virtually every component of the trading stack themselves.
The market is increasingly beginning to look more like traditional finance, where specialized firms provide execution, custody, clearing, data and liquidity infrastructure behind the scenes.
Moomoo is betting that retail crypto users will benefit from that same architecture.
Are we headed for a period of chop before a bigger move in Bitcoin? Darius Dale, founder of 42 Macro, says a decline in funding liquidity could mean near-term volatility, but that if liquidity comes back in 2027, which he sees as more likely than not, Bitcoin could resolve higher over the following 12 to 18 months. He also explains why Bitcoin deserves a portfolio allocation as a different exposure from stocks and gold.
Chapters: 0:00 Darius Dale on Who Benefits From Rising Treasury Yields 1:06 Why Higher Rates Haven’t Hit the Economy Yet: The AI Capex Boom 2:02 Default via Debasement and a Fed–Treasury Accord 2.0 4:30 Five Paths Out of the Debt Problem, and Only Three Are Acceptable 6:32 Risk Management, Asset Allocation, and Why No Bonds 8:22 Bitcoin Outlook: Near-Term Chop and the 2027 Liquidity Case 9:34 Bitcoin’s Role vs. Gold and Stocks, and Where Bond Yields Reach Fair Value 10:53 The “Wealth Pump” and Money in Politics 17:09 Why AI Is Too Big to Fail and What a Bust Would Look Like 19:11 Running for Office, Why He’s Not a Socialist, and Jackie Robinson
DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.
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