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 Scroll (SCR) Ethereum-based zkEVM Layer 2 for Pre-market Trading Victoria, Seychelles, September 20th, 2024 – Bitget, the leading cryptocurrency exchange and Web3 company, has listed SCR tokens from the Scroll ecosystem, a zero-knowledge EVM L2 based around the Ethereum ecosystem. With this listing, Scroll tokens are now available for Bitget users to place buy and sell orders prior to its market listings on various CEXs. Scroll is a security-focused scaling solution for Ethereum, using innovations in scaling design and zero knowledge proofs to build a new2024-09-20
- Press releaseBitget Enters A Multi-Million Dollar Deal With La Liga to Explore Crypto-Sports Synergy Victoria, Seychelles, 19th September, 2024: Bitget, the world's leading cryptocurrency exchange and Web3 company, has partnered up with LALIGA, the world's most celebrated football league, as an official crypto partner. The collaboration unveiled at Token2049 in Singapore indicates Bitget's strategic move into the sports sector across Eastern, Southeast Asia, and Latin America. The multi-million dollar partnership boasts exclusive benefits to both parties and alig2024-09-18
- Press releaseBitget Announces Winners of Smart Awards 2024 – the Best in Crypto Space Finally Recognized Victoria, Seychelles, 19 September 2024 – Bitget, the leading cryptocurrency exchange and Web3 company, has released the list of winners of its esteemed Smart Awards 2024 event, recognizing the top performers within the scope of a year in the crypto space across 5 categories. The event was held in collaboration with Bitget’s data provider — 0xScope, which ensured a transparent and fair winner selection process. The highly anticipated Bitget Smart Awards 2024, which took place on September 122024-09-18