Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Product TutorialsBeginner's guidePlatform TokensFutures Trading
BGB Is Now Available On Bitget Futures Market: Fuelling The Growth Of A Robust Ecosystem

BGB Is Now Available On Bitget Futures Market: Fuelling The Growth Of A Robust Ecosystem

Beginner
2024-07-08 | 10m

Three years and 18 new ATHs, BGB is now finally available on the Bitget Futures Market - first with USDT as margin! Let's revisit Bitget's vision for itself as well as for BGB to see how this is inevitable.

The Mutually Beneficial Relationship Between Bitget And BGB

Bitget and our native token, BGB, share a mutually beneficial relationship where each supports and enhances the value and functionality of the other. This interdependence is particularly evident when BGB is available on both Bitget Spot and Futures markets.

BGB Can Benefit From The Established Reputation Of Bitget

As a leader in the sector, Bitget can guarantee the success of BGB, especially as we continue to expand our products and services in even more countries and regions.

BGB can have improved liquidity through increased trading volume:

The introduction of the perps market for BGB means higher aggregated trading volume across both spot and futures markets, which show active trading derived from strong user interest from a big cryptocurrency exchange like Bitget. This leads to improved liquidity, i.e. the ability of BGB to handle large trades without causing a ripple price impact. At the same time, high trading volume reduces volatility and enhances market stability, making BGB more attractive to both retail and institutional investors and boosts its reputation.

The availability of sophisticated financial tools like futures for hedging/risk management against market fluctuations and leverage for amplified profits on the same platform provides convenience and assurance for even the most cautious investors and should attract more institutional investors.

Bitget can foster more efficient price discovery and better price stability for BGB:

Perpetual futures contribute to more efficient price discovery by aggregating diverse market opinions and information. This continuous trading helps reflect a more accurate value of BGB. Since traders can now speculate on BGB's future price movements, they have the power to influence the market’s perception of its value - but the considerable number of traders on Bitget ensures fair evaluation of BGB rather than price manipulation, and thus should support more balanced and stabilised pricing over time.

Don't forget that Bitget's trading fee discounts and incentive programs for BGB demonstrate operational success and financial health of our platform to reassure investors and stakeholders of BGB's stability and attractiveness.

Bitget Can Benefit From Market Maturity, Credibility, And Success Of BGB

As BGB is able to enjoy increased higher levels of market participation, this will, of course, become a new revenue stream for the platform's operational success. Meanwhile, it can also serve as proof of Bitget's credibility in that (1) Bitget can handle trades on any market of any size without significant impact, and (2) Bitget is able to attract and retain a diverse range of users with our various products and services, from retail traders to institutional giants.

In the first month of 2024 only, BGB broke its all-time high no less than 6 times and, as a result, is the reason for many new user registrations on Bitget. BGB holders are direct beneficiaries of Bitget's expansion and growth, therefore this sustainable financial model should definitely support Bitget long-term prosperity.

The Launch Of The Perpetual Futures Market For BGB And Future Outlook

BGB is on a trajectory of remarkable growth driven by its strong fundamentals and the innovative strategies employed by Bitget. It has already demonstrated its resilience and potential by reaching consecutive new all-time highs and outperforming many other cryptocurrencies despite market fluctuations. The launch of a perpetual futures market is poised to further elevate BGB's standing in the crypto ecosystem by significantly enhancing liquidity and market depth to make sure that BGB markets remain active and robust for all retail and institutional investors who require liquid markets for their strategies. High liquidity also diminishes volatility and enhances market stability, which in turn boosts investor confidence and BGB's overall appeal.

By providing a platform for continuous trading and speculation of BGB, Bitget Futures Trading makes it clear that the token’s price accurately reflects its intrinsic value based on comprehensive market information to further build up trust of well-functioning and transparent BGB markets among investors.

If BGB continues to break new ground and set higher benchmarks, we can pin our faith on the solidification of BGB's status as a blue-chip cryptocurrency, Bitget’s position as a leading cryptocurrency exchange and the realisation of a robust ecosystem that benefit all parties involved.

How To Trade BGBUSDT Perpetual Futures

Below is the simplified guide on trading BGBUSDT on Bitget Futures Trading:

Step 1: Transfer USDT to your futures account.

Step 2: Choose the BGBUSDT futures trading pair. If you're on your laptop, simply click on this link. If you use the Bitget mobile app, select the BGBUSDT pair.

Step 3: Choose the margin mode (cross/isolated).

Step 4: Set the leverage.

Step 5: Select the order type.

Step 6: Review your order and click on [Buy] to place a long order or [Sell] to place a short order.

If you want to get familiar with all features of Bitget Futures Trading real quick, we recommend you devour every guide on this list:

What Are Futures?

Key Futures Trading Terms and Their Application Scenarios

A Comprehensive Introduction to USDT-M Futures, USDC-M Futures, and Coin-M Futures

How To Make Your First Futures Trade

Calculation of Funding Rates in Futures Trading

Futures Transaction Fee Calculation

How to Avoid Liquidation

Introduction to Futures Trading Modes

Introduction to Margin Mode

Introduction to Futures Order Types

Introduction to Take Profit and Stop Loss (TP/SL) in Futures Trading

Share
link_icon
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now
We offer all of your favorite coins!
Buy, hold, and sell popular cryptocurrencies such as BTC, ETH, SOL, DOGE, SHIB, PEPE, the list goes on. Register and trade to receive a 6200 USDT new user gift package!
Trade now