Bitget Lists BGB Perpetual Futures With 50x Leverage, Offers 20,000 BGB in Giveaway

Over the years, leading crypto exchange Bitget has shown its commitment to expanding the utility of its native token, BGB.

Leading crypto exchange Bitget continues to expand the utility of its native token, BGB. After securing a listing for the token on Bitfinex in April 2023 to boost its liquidity, and upgrading the token’s smart contract on July 1, 2024 to allow its use in DeFi and other decentralized applications, the exchange has now announced the first perpetual futures listing for the token.

This move promises to bring greater flexibility and more to holders. Traders can now trade BGB futures, as Bitget announced, in a press release on July 8, that BGB perpetual futures with up to 50x leverage are now live on the exchange.

This move is essential as it offers users new functionality, like profiting from short-term price movements without adding or cutting down their holdings, and it is also an avenue to hedge against their exposure.

Commenting on the development, Bitget CEO Gracy Chen expressed excitement about the token’s growing utility while hinting at more developments ahead.

"We are thrilled to announce the listing of BGB perpetual futures on Bitget. This marks a significant milestone in our efforts to expand BGB's utility and provide our users with more advanced trading options. Stay tuned for more exciting news and events related to BGB in the near future."

To commemorate BGB’s perpetual futures listing, Bitget has launched a giveaway campaign.

20,000 BGB up for Grabs

To celebrate the launch of BGB perpetual futures, Bitget disclosed that it will be offering up to 20,000 BGB, valued at about $20,000 at current rates, in a series of competitions. A separate announcement on July 8 revealed that this prize pool is split into 12,000 BGB for new Bitget users and 8,000 BGB for older users.

Sponsored

To participate in the giveaway, users must register on CandyBomb, an airdrop platform created by Bitget. After registering on the platform, their futures trading volume is automatically calculated. New users require a minimum of $100 in trading volume to get a ticket to enter the competition. For old users, the benchmark is significantly higher at $50,000.

The promotional campaign is slated to run for a week, from July 8 to July 15.

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