MIRO, a Layer-2 payment network that provides users with efficient multichain and cross-border payment solutions, today announced a strategic partnership with IOTrader, a decentralized platform that combines prediction markets with leveraged trading, providing users with the ability to speculate on future price movements. This collaboration enabled the integration of IOTrader’s futures trading platform into MIRO’s cross-chain payment infrastructure to enable its users to rapidly, cost-effectively, and seamlessly move on-chain future trading assets across multichain networks.
IOTrader is a trading platform that merges the two most rapidly growing crypto sectors: prediction markets and perpetual futures. IOTrader therefore runs a single, unified trading ecosystem that allows crypto traders to not just apply leverage in digital asset prices, but also leverage on real-world events, outcomes, time-based milestones, and data releases. On the platform, seasonal traders and even anyone with a strong conviction about the future can launch trades with up to 20x positions on future events and digital asset price movements, and earn income from trading activities. IOTrader is a multichain self-custodial network that gives users complete control of their private keys and digital assets across multiple blockchain networks.
IOTrader Expanding Multichain Futures Asset Transactions
This partnership marks another step for IOTrader to unlock greater cross-chain futures trading, bringing its network to both EVM and non-EVM chains supported by MIRO.
MIRO is a Layer-2 payment ecosystem that combines blockchain, AI, and cross-chain infrastructure, allowing users to streamline and accelerate transactions (to decrease settlements, costs, and delays in borderless transactions). By integrating artificial intelligence, Bitcoin Layer-2 technology, ZKPs (zero-knowledge proofs), and other advanced solutions, MIRO enables users to enjoy small fees and real-time settlements.
Through MIRO’s multichain infrastructure, IOTrader introduces futures trading capabilities on chains interoperable with MIRO. This approach expands IOTrader’s user experience as it allows customers to move assets and trade across new blockchain networks, increasing exposure and potential gains.
This integration is also important for MIRO as its users can now access and trade various decentralized prediction and perpetual futures markets on IOTrader’s platform. Also, thanks to MIRO’s cross-chain infrastructure, IOTrader customers can now deposit assets to any supported chain from their perpetual trading accounts without leaving the mobile app. This means that accessing decentralized perpetual markets is now seamless for IOTrader traders as the integration eliminates the ordinary sophistication of bridging assets or using separate interfaces.
Also, with the integration, IOTrader users now take advantage of MIRO’s Layer-2 scaling solution to execute trades with higher transaction speeds and lower fees across chains.
Building Cross-Chain Capabilities for Web3 Adoption
Through collaboration with MIRO, IOTrader continues to expand its name as a comprehensive futures and prediction trading marketplace. Despite the rapid growth of DeFi, a major challenge persists – most decentralized platforms are closed systems operating in single blockchain networks like Ethereum. The partnership between MIRO and IOTrader highlights the commitment by the two platforms to achieve seamless interoperability between different blockchains to reach their full DeFi potential. Through this approach, the two decentralized projects address major challenges in Web3 and drive broader adoption and efficient integration.
