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Victoria, Seychelles, ninth December 2024: Bitget, the world’s main cryptocurrency trade and Web3 firm has launched its native Wrapped Bitcoin (BGBTC), offering incomes alternatives for Bitcoin (BTC) holders. The newly launched characteristic supplies a brand new route to maximise the potential of customers’ BTC holdings by way of versatile staking choices, and elevated rewards. BGBTC is backed by BTC on a 1:1 foundation, sustaining its worth parity and guaranteeing seamless integration into the broader ecosystem. It’s designed to activate further worth for BTC holders, enabling them to take part in DeFi alternatives whereas preserving their Bitcoin publicity.
Throughout the pre-launch part from December 9, 2024, to January 8, 2025, customers can stake BTC on Bitget to obtain BGBTC tokens. That is complemented with double BGPoints rewards alongside a further 2% annualized return, paid out in a lump sum on the finish of the interval. Following this, Season 1 will formally kick off on January 9, 2025, with options like enhanced BGPoints advantages, versatile redemption choices, and partnerships with BitcoinFi platforms.
“The fast development of the crypto trade worldwide, significantly within the Bitcoin ecosystem, conjures up us to innovate constantly. BGBTC aligns with our targets of offering higher options for our customers, making their buying and selling experiences smarter. It permits them to have interaction extra deeply with Bitcoin, entry increased yields, and take part in DeFi ecosystems beforehand out of attain,” stated Gracy Chen, CEO at Bitget.
BGBTC simplifies the method of incomes further returns for BTC holders. By staking BTC, customers obtain BGBTC tokens, which grant entry to a number of income streams, together with fastened annualized returns, BGPoints, and upcoming options like lending. Customers can simply redeem their BTC throughout Season 1, guaranteeing most flexibility in managing their property.
Bitget is concentrated on guaranteeing a safe and rewarding expertise for its customers. BGBTC presents a simple one-click staking mechanism with a number of avenues for returns, together with token airdrops by way of collaborations with DeFi companions. Safety is fortified by twin insurance coverage from Bitget and Cobo, together with multi-signature protections, guaranteeing that each one funds stay protected.
With options reminiscent of LaunchPool, PoolX, early BGPoints settlements, and staking-based lending on the horizon, BGBTC marks a brand new chapter in Bitget’s mission to drive crypto adoption by way of innovation.
For extra data on BGBTC, please go to right here.
About Bitget
Established in 2018, Bitget is the world’s main cryptocurrency trade and Web3 firm. Serving over 45 million customers in 150+ nations and areas, the Bitget trade is dedicated to serving to customers commerce smarter with its pioneering copy buying and selling characteristic and different buying and selling options, whereas providing real-time entry to Bitcoin value, Ethereum value, and different cryptocurrency costs. Previously often known as BitKeep, Bitget Pockets is a world-class multi-chain crypto pockets that gives an array of complete Web3 options and options together with pockets performance, token swap, NFT Market, DApp browser, and extra.
Bitget is on the forefront of driving crypto adoption by way of strategic partnerships, reminiscent of its position because the Official Crypto Associate of the World’s High Soccer League, LALIGA, in EASTERN, SEA and LATAM market, in addition to a world associate of Turkish Nationwide athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball nationwide workforce), to encourage the worldwide neighborhood to embrace the way forward for cryptocurrency.
For extra data, go to: Web site | Twitter | Telegram | LinkedIn | Discord | Bitget Pockets
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