Bitget’s Native Token BGB to be Listed on Bitfinex, Driving Liquidity and Accessibility
Press release
Victoria
,
Seychelles, April
24
,
2023 –
Bitget, the largest crypto copy trading platform, announced that its native platform token BGB will be listed on Bitfinex, driving liquidity and accessibility while increasing its value and utility. The supported trading pair is
BGB/USDT, and the trading service will be opened at Bitfinex.
BGB is a utility token that plays a vital role in Bitget's ecosystem, with a circulating supply of 1,400,000,000 BGB coins and a total supply of 2,000,000,000. It provides users with access to exclusive privileges and various rights on the Bitget exchange, including fee discounts, opportunities to join Launchpad and Launchpool to access high-quality tokens, vote for project listings, and so on.
Gracy Chen, Managing Director of Bitget says, "
We are thrilled to see BGB listed on Bitfinex's platform
, reflecting the recognition and achievement of Bitget in
the
crypto space
. With the ongoing initiatives to increase the usage and value of BGB, we expect that this move will further expand the reach of our platform.
In the meantime, as our ecosystem continues to grow in the CeFi and DeFi world, empowering BGB with more visibility and utility will also be one of our focuses ahead."
The decision to list BGB on Bitfinex comes in response to the increasing demand for the token in the m arket. Entering 2023, BGB has experienced significant price growth over the last few months and reached an all-time high of 0.51 USDT in February. The surge in price can be attributed to several factors, including the increased adoption of the Bitget exchange and its recent efforts in building the spot trading market. And the recently
updated BGB whitepaper revealed that more new features of the native token are being developed, including the BGB lottery, trial fund for futures trading, and exclusive earning services. A BGB buyback and burn mechanism are also being considered to reduce the token's circulating supply and eventually boost its value.
About Bitget
Bitget, established in 2018, is the world's leading cryptocurrency exchange with futures trading and copy trading services as its key features. Serving over 8 million users in more than 100 countries and regions, the exchange is committed to helping users trade smarter by providing a secure, one-stop trading solution. It also inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi, the leading Italian football team Juventus, and official eSports events organizer PGL. According to Coingecko, Bitget is currently a top 5 futures trading platform and a top 10 spot trading platform.
For media inquiries, contact:
[email protected]
2023-04-24
Recommended
- Press releaseBitget lists Bitsmiley (SMILE) on Innovation, BTC Ecosystem and DeFi Zone for Spot Trading Victoria, Seychelles, 1st November, 2024 – Bitget, the leading cryptocurrency exchange and Web3 company has listed Bitsmiley (SMILE) in the Innovation, BTC Ecosystem, and DeFi Zone, with trading set to commence on 6 November 2024. This listing aligns with Bitget’s ongoing mission to broaden market accessibility to pioneering blockchain projects, offering users exposure to emerging DeFi protocols on the Bitcoin network. With this development, Bitget is expanding its range of supported assets in2024-11-01
- Press releaseTelegram Trends Point to Crypto Boom in Africa and Eastern Europe, Bitget Research Reveals Victoria, Seychelles, 30th October 2024 — Bitget Research, the research arm of the world's leading cryptocurrency exchange and Web3 company Bitget, released a comprehensive study showing the correlation between growing crypto-related Telegram activity and global cryptocurrency adoption. The data points to Africa and Eastern Europe as key regions for crypto user acquisition, driven by the increasing use of Telegram. The study also highlights the significance of Telegram dat2024-10-30
- Press releaseBitget Named Among Top 12 Finalists for Digital Currency Exchange of the Year at Australia’s 2024 Blockies Awards Victoria, Seychelles, 31st October, 2024 - Bitget the leading crypto exchange and Web3 company has been selected as a finalist in the Digital Currency Exchange (DCE) of the Year category at Australia’s 2024 Blockies Awards. Only 12 finalists were announced for this competitive category among more than 400 registered crypto exchanges in Australia’s $552 million DCE market. The Blockies Awards, officially known as the Australian Blockchain Industry Awards, is an annual event celeb2024-10-31