Bitget Introduces First BGB Perpetual Futures With 50x Leverage

VICTORIA, Seychelles, July 8, 2024 /PRNewswire/ -- Bitget, the leading global cryptocurrency exchange and web3 company, is excited to announce that its

VICTORIA, Seychelles, July 8, 2024 /PRNewswire/ -- Bitget, a leading global cryptocurrency exchange and Web3 company, has announced the exclusive launch of its native token, Bitget Token (BGB), perpetual futures on the platform. The first of its kind, BGBUSDT-M futures will go live on July 8, 2024, with a maximum leverage of up to 50x.

Launched in July 2021 with a total supply of 2 billion, now with 1.4 billion BGB in circulation, Bitget Token (BGB) is designed to create a simple, secure crypto ecosystem accessible to all. Bitget Token offers exclusive perks to all holders, aiming to share the fruits of Bitget's growth with all users. These benefits include spot trading fee discounts, free withdrawal, access to token sales or airdrops on Launchpad and Launchpool, and other platform-specific benefits, encouraging users to hold and use BGB, and creating a strong utility-driven ecosystem.

In addition to futures trading, BGB can be traded on Bitget's spot and margin markets, used for copy trading, and utilized with trading bots, enhancing the versatility and utility of the token within the Bitget ecosystem. The token is also listed on other major centralized exchanges like Bitfinex and MEXC. BGB has demonstrated impressive market performance, reaching a new all-time high of $1.4306 in early June 2024, up 141.4% in the past year.

"We are excited to expand the trading options for BGB, offering our users more ways to benefit from Bitget's native token," said Gracy Chen, CEO of Bitget. "The addition of BGB to the futures market, along with existing trading services and utilities, proves our commitment to providing a comprehensive, rewarding and smart trading experience. Looking forward to new heights of the token and the company!"

On 1st July, Bitget announced the upgrade of its native token BGB's smart contract address. This enhancement aims to increase the utility and potential of BGB, paving the way for its use in various dApps and facilitating future listings on more centralized and decentralized exchanges.

To celebrate the launch of the first BGB perpetual futures, Bitget will host a series of competitions to give away 20,000 BGB to its users.

For more details on BGB futures trading and surrounding promotional events, please visit here.

Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

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