Singapore, May 5, 2022 — Leading global derivatives exchange Bitget has announced its latest evolution of BGB, the platform token of Bitget. 

As Bitget continues to develop and expand as a platform, there has been development in the platform’s tokenomics. BGB is an upgraded platform token for Bitget’s users to access all types of functionality through a singular platform and token. 

The vision behind the new BGB is to connect the vast world of crypto by bridging the gap in cross-chain technologies, which is driven by the belief the crypto ecosystem should be simple, secure and accessible for everyone worldwide. More than just a token, BGB will be a seamless and vibrant Web3 ecosystem for all crypto holdings, community tokens, nonfungible tokens, decentralized finance applications and more.

Sandra Lou, CEO of Bitget, said, “The brand new and upgraded BGB represents this dynamic and innovative ecosystem at Bitget, which is ever-evolving and expanding and explains why this update is necessary to be on par with our rapid development.

“These ongoing and expanding gaps fit Bitget’s brand appeal and product value. We hope to provide a bridge for the whole divided world — physical, social and crypto — from one side to the other and from pain to hope. It is our hope that BGB will be able to live out our vision to connect worlds, to connect cultures, to connect applications and to connect users. Our goal is to leverage BGB to create a vibrant ecosystem that transcends Web2 and Web3 and connects centralized finance (CeFi) and DeFi, resulting in an expansive bridge to the vast web of crypto.”

Read the white paper to learn more about the advantages of BGB.

About Bitget

Established in 2018, Bitget is one of the world’s leading cryptocurrency exchanges. Currently serving more than 2 million users in 50-plus countries worldwide, Bitget has a mission to promote DeFi with a 500-strong workforce based in more than 20 countries. 

Since Bitget’s official launch in the crypto derivatives market in June 2019, the platform has now become one of the world’s largest crypto copy trading and derivatives exchanges and is ranked in the top five globally by CoinMarketCap and CoinGecko for derivatives trading by volume. Bitget’s flagship product, One-Click Copy Trade, has attracted more than 20,000 copy traders, innovating the experience for crypto derivatives traders worldwide.

Adhering closely to its philosophy of “Better trading, better life,” Bitget is committed to providing comprehensive and secure trading solutions to users globally, aiming to be the portal that transcends Web2 and Web3 and connects CeFi and DeFi, resulting in an expansive bridge to the vast web of crypto. 

In September 2021, Bitget announced its sponsorship of world-renowned football team Juventus as its first-ever sleeve partner and PGL Major’s official esports crypto partner soon after. Partnerships with the leading esports organization Team Spirit and Turkey’s leading and long-standing football club, Galatasaray, were also announced in early 2022.

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For media queries, contact andrea.leung@bitget.com.