Are you ready to amplify your crypto trading potential? Bitget is excited to announce a significant milestone for its native token, Bitget Token (BGB). Starting July 8, 2024, you can trade BGB perpetual futures (BGBUSDT-M) with up to 50x leverage! This is a game-changer for BGB holders and crypto enthusiasts alike.
What are BGB Perpetual Futures?
Perpetual futures are derivative contracts that, unlike traditional futures, don’t have an expiration date. This allows traders to hold positions for as long as they like, profiting from potential price movements in the underlying asset – in this case, BGB. The introduction of BGBUSDT-M futures on Bitget provides traders with new opportunities to speculate on BGB’s price and manage risk more effectively.
Why is This a Big Deal?
- Increased Trading Opportunities: Futures trading opens up new avenues for both experienced traders and newcomers to profit from BGB’s price fluctuations.
- Leverage Up to 50x: Amplify your potential gains (and manage your risks carefully!) with up to 50x leverage on BGBUSDT-M futures.
- Enhanced Liquidity: The introduction of futures trading typically boosts liquidity for the underlying asset, making it easier to buy and sell BGB.
- Ecosystem Growth: This move reinforces Bitget’s commitment to expanding the utility and value of the BGB token within its ecosystem.
BGB: More Than Just a Token
Launched in July 2021, BGB is the native ecosystem token of Bitget, designed to create a simple and secure crypto environment accessible to everyone. With a total supply of 2 billion and 1.4 billion currently in circulation, BGB offers a range of benefits to its holders:
- Trading Fee Discounts: Enjoy reduced spot trading fees.
- Free Withdrawals: Benefit from complimentary withdrawal options.
- Exclusive Access: Get early access to token sales and airdrops on Launchpad and Launchpool.
- Platform-Specific Perks: Unlock various other benefits within the Bitget ecosystem.
Beyond futures trading, BGB can be traded on Bitget’s spot and margin markets, used for copy trading, and utilized with trading bots, showcasing its versatility. It’s also listed on major exchanges like Bitfinex and MEXC.
BGB’s Impressive Performance
BGB has demonstrated strong market performance, reaching an all-time high of $1.4306 in early June 2024, marking a 141.4% increase over the past year. This growth reflects the increasing adoption and utility of the token within the Bitget ecosystem.
What Bitget’s CEO Says
Gracy Chen, CEO of Bitget, stated:
“We are thrilled to expand the trading options for BGB, offering our users more ways to benefit from Bitget’s native token. 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 for the token and the company!”
Smart Contract Upgrade
On July 1st, Bitget upgraded BGB’s smart contract address to enhance its utility and potential. This upgrade paves the way for BGB’s integration into various dApps and facilitates future listings on centralized and decentralized exchanges.
Celebrate with Bitget: 20,000 BGB Giveaway!
To celebrate the launch of BGB perpetual futures, Bitget is hosting a series of competitions with a total prize pool of 20,000 BGB. Don’t miss out on this opportunity to win!
Ready to Trade BGB Futures?
The launch of BGB perpetual futures marks an exciting new chapter for Bitget and its native token. With increased trading opportunities, leverage options, and a growing ecosystem, BGB is poised for continued growth. Are you ready to take advantage of this opportunity? Head over to Bitget on July 8, 2024, and start trading BGBUSDT-M futures!
Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.