BYDFi Announces Official Sponsorship of TOKEN2049 in Dubai as its On-Chain Trading Tool, MoonX Marks Debut

BYDFi, a global cryptocurrency exchange committed to providing a world-class crypto trading experience for users, has become the official sponsor of the TOKEN2049 conference in Dubai.

According to an official announcement today, BYDFi will showcase its on-chain trading tool, MoonX, at the event. This will mark its second international appearance after its debut at Paris Blockchain Week (PBW).

BYDFi’s sponsorship for the event will serve as the Exchange’s formal expansion into the Middle Eastern and broader international markets. Also, BYDFi will showcase its latest products and technological advancements at Booth 45.

Nonetheless, TOKEN2049 has been scheduled to take place from April 30 to May 1 in Dubai. The event is expected to attract over 15,000 attendees, including 500 industry leaders and more than 300 media outlets. BYDFi will be showcasing its latest products and technological advancements at Booth 45.

BYDFi Celebrates 5th Anniversary 

The move comes amid BYDFi’s 5th anniversary milestone. As such, the exchange is expanding its platform capabilities through a dual-engine architecture. 

While the exchange seeks to respond to the growing demand for decentralized finance (DeFi) solutions, it will utilize the expanded infrastructure to maintain the efficiency and depth of centralized exchanges (CEXs) while embracing on-chain trading through MoonX.

According to the announcement, BYDFi has launched its “Crypto Adventure Journey” to celebrate its 5th anniversary. Interested users can participate online by registering a  new account and completing simple tasks to receive a $20 exclusive gift pack and platform trial credits. They can also join in perpetual contract trading to share in the $10,000 prize pool.

Furthermore, attendees at the event can participate by following DYDFi’s official X account, retweeting the event post with the hashtag “#BYDFiTOKEN2049” to enter the lucky draw and win limited-edition merchandise and a platform trial experience.

Also, they can visit Booth 45 at the event to experience the on-chain trading product MoonX, participate in interactive tasks, and win Crypto Adventure Gift Packages and mystery gifts.

Michael, co-founder of BYDFi, commented on the move, saying, “User trading behavior is evolving. While some still prefer the liquidity and efficiency of CEX platforms, others are migrating to DEX for more control over their assets and the potential for on-chain gains. This is not a replacement of trends, but rather a new normal of coexistence between dual tracks.”

“Leading platforms of the future combine centralized trading performance with decentralized ecosystem connectivity. MoonX is a key step in BYDFi’s CEX + DEX dual-engine strategic upgrade, representing our judgment and investment in the next phase of market structure,” Michael added.