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Victoria, Seychelles, 9 December 2024: Bitget, the world's main cryptocurrency alternate and Web3 firm, has launched its native Wrapped Bitcoin (BGBTC), which gives incomes alternatives for Bitcoin (BTC) holders. The newly launched function gives a brand new method to maximize the potential of customers' BTC holdings by way of versatile betting choices and elevated rewards. BGBTC is backed by BTC on a 1:1 foundation, sustaining its worth parity and making certain seamless integration into the broader ecosystem. It’s designed to activate extra worth for BTC holders and permit them to take part in DeFi alternatives whereas sustaining their Bitcoin publicity.
Through the pre-launch part from December 9, 2024 to January 8, 2025, customers can stake BTC on Bitget to get BGBTC tokens. That is topped up with double BGPoints rewards together with an extra 2% annual return, paid in a lump sum on the finish of the time period. Following this, Season 1 will likely be formally launched on January 9, 2025 with options equivalent to improved BGPoints advantages, versatile redemption choices and partnership with BitcoinFi platforms.
“The fast progress of the crypto business all over the world, particularly within the Bitcoin ecosystem, conjures up us to consistently innovate. BGBTC is in keeping with our objectives to offer higher options to our customers to make their buying and selling expertise smarter. It permits them to get extra deeply concerned in Bitcoin, entry greater returns and take part in DeFi ecosystems that had been beforehand out of attain,” he mentioned Gracy Chen, CEO at Bitget.
BGBTC simplifies the method of incomes extra earnings for BTC holders. By staking BTC, customers obtain BGBTC tokens, which give entry to a number of earnings streams, together with fastened annual returns, BGPoints, and upcoming options equivalent to lending. Customers can simply redeem their BTC throughout Season 1, making certain most flexibility in managing their belongings.
Bitget is targeted on offering a protected and rewarding expertise for its customers. BGBTC affords a easy one-click staking mechanism with a number of return strategies, together with token drops by way of collaboration with DeFi companions. Safety is enhanced by twin insurance coverage from Bitget and Cobo together with multi-signature safety to make sure all funds stay protected.
With options like LaunchPool, PoolX, early settlement of BGPoints and stake-based lending on the horizon, BGBTC represents a brand new chapter in Bitget's mission to drive cryptocurrency adoption by way of innovation.
Extra details about BGBTC will be discovered right here.
About Bitget
Based in 2018, Bitget is the world's main cryptocurrency alternate and Web3 firm. Serving greater than 45 million customers in over 150 nations and areas, Bitget Change is dedicated to serving to customers commerce smarter with its pioneering copy buying and selling function and different buying and selling options, whereas providing entry to Bitcoin worth, Ethereum worth and different cryptocurrency costs in actual time. . Bitget Pockets, previously referred to as BitKeep, is a worldwide multi-chain crypto pockets that provides various complete Web3 options and options together with pockets performance, token alternate, NFT Market, DApp browser and extra.
Bitget is on the forefront of supporting cryptocurrency adoption by way of strategic partnerships, equivalent to its function because the official crypto associate of the world's high soccer league, LALIGAwithin the EASTERN, SEA and LATAM market, in addition to the worldwide associate of Turkish nationwide athletes Tosun Çavuşoğlu bus (world wrestling champion), Velvet Gümüş (boxing gold medalist) a İlkin Aydın (volleyball nationwide group), to encourage the worldwide group to embrace the way forward for cryptocurrency.
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