Bitget, the largest crypto copy trading platform, recently announced that its native platform token BGB will be listed on Bitfinex. This move is expected to drive liquidity and accessibility while increasing the value and utility of BGB. The supported trading pair is BGB/USDT, and the trading service will be opened at Bitfinex.
BGB is a utility token that plays an essential role in Bitget’s ecosystem. It has a circulating supply of 1.4 billion BGB coins and a total supply of 2 billion. BGB provides users with access to exclusive privileges and various rights on the Bitget exchange. These include fee discounts, opportunities to join Launchpad and Launchpool, access to high-quality tokens, voting for project listings, and more.
Gracy Chen, Managing Director of Bitget, expressed her delight at the listing of BGB on Bitfinex. She believes that it reflects the recognition and achievement of Bitget in the crypto space. Chen said that they expect this move to expand the reach of their platform. Moreover, they will also focus on empowering BGB with more visibility and utility as their ecosystem continues to grow in the CeFi and DeFi world.
The decision to list BGB on Bitfinex comes in response to the increasing demand for the token in the market. Entering 2023, BGB experienced significant price growth over the last few months, reaching 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.
Furthermore, Bitget recently updated the BGB whitepaper, revealing that more new features of the native token are being developed. These include the BGB lottery, trial fund for futures trading, and exclusive earning services. Additionally, a BGB buyback and burn mechanism are being considered to reduce the token’s circulating supply and eventually boost its value.
Bitget, established in 2018, is the world’s leading cryptocurrency exchange with futures trading and copy trading services as its key features. The exchange serves over 8 million users in more than 100 countries and regions. It is committed to helping users trade smarter by providing a secure, one-stop trading solution. Furthermore, Bitget inspires individuals to embrace crypto through collaborations with credible partners. These include 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. As the world of cryptocurrency continues to evolve, Bitget aims to remain at the forefront, providing users with an exceptional trading experience.
In conclusion, the listing of BGB on Bitfinex is a critical development for Bitget and the crypto community as a whole. The move not only drives liquidity and accessibility but also increases the value and utility of BGB. With more new features being developed for the token, Bitget remains focused on empowering BGB with more visibility and utility as their ecosystem continues to grow in the CeFi and DeFi world.
