Bitget, a prominent cryptocurrency derivatives and copy trading platform, has announced the listing of its native token BGB on the renowned cryptocurrency exchange MEXC. The listing, which is anticipated to increase the BGB token’s liquidity, accessibility, and overall value, is planned for July 31, 2023.
BGB, which has a total supply of 2 billion and 1.4 billion in circulation, is a key component of Bitget’s ecosystem. The token grants users a range of privileges on the Bitget exchange, including fee reductions, access to premium tokens via participation in Launchpad and Launchpool, and the opportunity to Super Airdrop, among other advantages.
The decision to offer BGB on MEXC resulted from the token’s rising market demand. BGB has over 300,000 holders and has seen trading activity of over two billion USD since the start of the year. The cryptocurrency outperformed Bitcoin in the first half of 2023, reaching an all-time high of nearly 0.51 USDT in February and dominating the exchange market.
The rise in the value of BGB is at least in part due to Bitget’s consistent expansion and growing market dominance in both spot and futures trading. In 2023, the platform featured more over 180 currencies and had the best Launchpad performance, with an ATH average ROI of 41.9x. The use cases and appeal of BGB have been strengthened by these elements.
New features in development, such as the BGB lottery, a trial fund for futures trading, and unique earning services, were disclosed in the updated BGB whitepaper, which was published in April. A BGB repurchase and burn mechanism is also being thought about by the Bitget team as a way to decrease the token’s supply and increase its value.
In terms of trading volume among all CEXs, Bitget ranks fourth, and its market share climbed by 1.81% to 8.7%, the second-highest growth among the Top5 CEXs, according to TokenInsight’s Crypto Exchange Report Q2 2023.
“The listing of BGB on MEXC is a testament to the recognition and achievements of Bitget in the dynamic crypto space,” said Gracy Chen, managing director of Bitget. Through this strategic partnership with, we are eager to open up new opportunities and connect with a larger audience.
BGB is currently accessible to the general public and may be traded on MEXC, Bitfinex, and Bitget with a $10 million daily trading volume. In the upcoming months, the Bitget team is looking into potential new listing options for BGB.