Bitget, the largest crypto Copy Trade platform, announced that its native platform token BGB will be listed on Bitfinex, increasing its liquidity and availability while increasing its value and utility. Supported trading pair BGB/USDT and trading services will be opened on 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 transaction fee discounts on the Bitget exchange, opportunities to join Launchpad and Launchpool services to access high-quality tokens, voting for project listings, and more.
Bitget Manager Gracy Chen; “Reflecting Bitget’s reputation and success in the crypto space, we are excited to see BGB listed on Bitfinex’s platform. Along with continued efforts to increase the use and value of BGB, we expect this move to further expand the reach of our platform. Meanwhile; As our ecosystem continues to grow in the world of CeFi and DeFi, empowering BGB with greater visibility and benefits will also be a focus for us ahead.” said.
The reason behind the decision to list BGB on Bitfinex; the increasing demand for tokens in the market. Entering the year 2023, BGB has experienced a significant price increase over the past few months, reaching an all-time high of 0.51 USDT in February. The increase in price can be attributed to several factors, including greater adoption of the Bitget exchange and its recent efforts to create a spot trading market. The recently updated BGB whitepaper revealed that more new features are being developed for the native token, including the BGB lottery, trial fund for futures, and private earnings services. A BGB redemption and burn mechanism is also being considered to reduce the circulating supply of the token and ultimately increase its value.
About Bitget
Founded in 2018, Bitget is among the world’s top five leading cryptocurrency exchanges, with innovative products and social transaction services as its core features. Serving more than 8 million users in over 100 countries and regions, the exchange is committed to helping users trade smarter by providing a secure, one-stop-shop solution. It also inspires individuals to embrace crypto through collaborations with trusted partners, including legendary Argentine football player Lionel Messi, leading Italian football team Juventus, and official eSports events organizer PGL. According to Coinecko, Bitget is currently among the top 5 futures trading platforms and top 10 spot trading platforms.
For more information Website | twitter | Telegram | LinkedIn | Discord
Disclaimer: This is a sponsored content and press release, and what is written here does not reflect the views of the Kriptokoin.com team. The high risk of loss should be taken into account in leveraged transactions and crypto money investments, and extensive research should be done before investing in any platform. Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.