Seychelles, Victoria, December 9, 2024: Bitget, the world's main cryptocurrency change and Web3 firm, has launched Native Wrapped Bitcoin (BGBTC) to offer earnings alternatives for Bitcoin (BTC) holders. The newly launched function gives new routes 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. That is designed to deliver additional worth to BTC holders, permitting Bitcoin holders to take part in DeFi alternatives whereas sustaining their Bitcoin publicity.

Through the pre-launch section from December 9, 2024 to January 8, 2025, customers will be capable of stake BTC on Bitget and obtain BGBTC tokens. That is along with 2x BGPoints advantages and an extra 2% annual return paid in a lump sum on the finish of the time period. Following this, Season 1 will formally launch on January 9, 2025, with options reminiscent of enhanced BGPoints advantages, versatile redemption choices, and partnership with the BitcoinFi platform.

“The fast progress of the cryptocurrency trade world wide, and the Bitcoin ecosystem specifically, evokes us to repeatedly innovate. BGBTC is dedicated to offering higher options to our customers and making their buying and selling expertise smarter. That is in step with our targets. This may permit them to have interaction extra deeply with Bitcoin, entry greater yields, and take part within the DeFi ecosystem that was beforehand out of attain.” Bitget CEO Gracy Chen stated:

BGBTC simplifies the method for BTC holders to earn extra earnings. By staking BTC, customers obtain BGBTC tokens and are granted entry to a number of income streams, together with future options reminiscent of mounted annual returns, BGPoints, and loans. Customers can simply redeem their BTC throughout Season 1, giving them most flexibility in asset administration.

Bitget is concentrated on guaranteeing a protected and useful expertise for our customers. BGBTC provides a simple one-click staking mechanism with a number of incomes avenues, together with token airdrops in collaboration with DeFi companions. Bitget and Cobo's double insurance coverage and multi-signature safety gives added safety to maintain all of your funds protected.

With options reminiscent of LaunchPool, PoolX, early BGPoints funds, and staking-based lending on the horizon, BGBTC marks a brand new chapter in Bitget's mission to speed up cryptocurrency adoption by way of innovation.

Study extra about BGBTC right here.

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Based in 2018, Bitget is the world's main cryptocurrency change and Web3 firm. Serving greater than 45 million customers in additional than 150 international locations and territories, Bitget change provides real-time entry to Bitcoin costs, Ethereum costs, and different cryptocurrency costs, whereas pioneering We’re dedicated to serving to our customers commerce smarter with our buying and selling options and different buying and selling options. . Bitget Pockets, previously often called BitKeep, is a world-class multi-chain crypto pockets that gives a complete set of Web3 options and options, together with pockets performance, token swaps, NFT marketplaces, DApp browsers, and extra.

Bitget is on the forefront of driving cryptocurrency adoption by way of strategic partnerships, together with our position because the official crypto accomplice of the world's prime soccer leagues. laligawithin the markets of East, Southeast Asia and Central and South America, and can also be a worldwide accomplice of Turkish Nationwide Athlete Basun Cavusoglu (wrestling world champion), Samet Gumush (Boxing gold medalist) Ilkin Aydin (Nationwide Volleyball Workforce), goals to encourage the worldwide neighborhood to embrace the way forward for cryptocurrencies.

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