SafePal Partners with Decentralized Exchange ASTER to Revolutionize Self-Custody Derivatives Trading

SafePal (SFP), a globally recognized self-custody digital asset wallet with over 25 million users, has announced a strategic partnership with ASTER, a decentralized derivatives exchange (Perp DEX). The partnership, unveiled on October 22, aims to transform the world of self-custodial trading by enabling users to trade tokenized U.S. blue-chip stocks—including Amazon, Apple, Google, Nvidia, and Tesla—in addition to Bitcoin (BTC) and Ethereum (ETH). With leverage capabilities of up to 100x, SafePal users can now access these trading opportunities directly through their wallets.

This collaboration is garnering widespread attention, as both organizations are backed by YZi Labs. The integration forms part of a larger narrative about reshaping the decentralized finance (DeFi) landscape with innovative opportunities.

Bridging CEX Performance and DEX Security: A Cutting-Edge Hybrid Model

The SafePal-ASTER partnership showcases a hybrid model that combines the high-speed execution and liquidity of centralized exchanges (CEXs) with the security and self-custody advantages of decentralized exchanges (DEXs). This approach caters to the growing market for decentralized derivative solutions, an industry segment that has seen its market share rise from 3% to 8% over the past year.

“Digital asset wallets are no longer just storage tools—they are becoming comprehensive platforms for all Web3 activities,” said Veronica Wong, CEO of SafePal. “With this integration, our 25 million global users can experience trading on par with centralized platforms while maintaining the benefits of self-custody security.”

The alignment between SafePal and ASTER is positioned to accelerate the momentum DEX trading has gained over the last year, setting a new standard for decentralized trading experiences.

ASTER’s Next-Generation Technology and Record Milestones

Operating as a top-tier Perp DEX across multiple prominent blockchain ecosystems—including BNB Chain, Ethereum, Arbitrum, and Solana—ASTER is at the forefront of decentralized derivatives trading. Its Central Limit Order Book (CLOB) mechanism ensures high liquidity and a streamlined trading experience, with fees ranging as low as 0.01% to 0.035%.

ASTER’s performance metrics highlight its growing influence: the platform has facilitated over $106 billion in total trading volume this year alone. Additionally, its market appeal was underscored with the debut of its native token, ASTER, which generated $345 million in trading volume within 24 hours of its launch.

SafePal’s Progress Toward a Unified CeDeFi Ecosystem

The partnership with ASTER is a pivotal step in SafePal’s ambition to become a CeDeFi (Centralized-Decentralized Finance) hub by 2025. SafePal is actively fusing the benefits of centralized and decentralized finance, creating a versatile ecosystem for traders, investors, and blockchain enthusiasts.

Recent developments within the SafePal ecosystem include a significant overhaul of its yield aggregator, SafePal Earn, and the release of a centralized exchange (CEX) mini-program via its partnership with Bitget. Furthermore, SafePal has expanded its CeDeFi banking infrastructure and integrated Mastercard options to elevate the real-world usability of digital assets.

The vision for this CeDeFi hub centers on empowering users with a highly flexible platform that transcends the limitations of specific blockchains or protocols. “Our goal is to give users unparalleled freedom and utility, whether they are trading derivatives, stablecoins, tokenized real-world assets (RWA), or traditional equities,” Wong stated.

About SafePal: A Global Leader in Self-Custody Wallet Solutions

Established in 2018, SafePal provides a comprehensive suite of self-custody digital wallets, including hardware, software, and browser extension wallets. With compatibility across over 200 blockchains, SafePal bridges the gap between CeFi and DeFi services to cater to a growing user base spanning more than 25 million individuals across 200 countries. SafePal is supported by renowned investors like Animoca Brands, Binance, and Superscript, underlining its status as a premier platform for managing digital assets.

About ASTER: Pioneering Decentralized Trading Innovation

ASTER is redefining decentralized trading by offering a seamless platform for both derivatives and spot trading. Supporting major blockchain networks such as Ethereum, BNB Chain, Arbitrum, and Solana, ASTER is built for efficiency and liquidity. The platform allows users to leverage financial innovations like liquid staking tokens (e.g., asBNB) and yield-bearing stablecoins (e.g., USDF), optimizing capital utilization for traders. ASTER has carved out a leading position in the evolving decentralized exchange market with its commitment to innovation and user-centric functionality.

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This alliance between SafePal and ASTER marks a significant milestone in decentralized finance, empowering users with cutting-edge tools to trade across traditional and digital asset classes. As both companies continue to push boundaries, this partnership stands to redefine the way self-custody and derivatives trading intersect within Web3.