Bitget Blog
Bitget Unveils Over $5 Billion Worth of BGB Token Burn in New Whitepaper
Victoria, Seychelles, 27th December 2024 – Bitget, the leading cryptocurrency exchange and Web3 company, has released a new whitepaper for its native token, Bitget Token (BGB). The update introduces an unprecedented initiative to burn 800 million BGB tokens—valued at over $5 billion based on current market prices—alongside plans to expand the token's utility. This move shows Bitget’s commitment to enforce a deflationary supply model for BGB, accelerating its utility.
The new whitepaper int
2024-12-27
2024-12-27
Top picks
- Bitget CEO New Year Letter: Propel into New Horizons and Surge through Bullish Tides
Dear Bitget Team, Partners, and Users,
In the past 2024, we look back on an extraordinary year in the crypto world. It was a year of remarkable milestones: the approval of the Bitcoin spot ETF by the SEC at the start of the year, granting broader access to institutional investors and retail users; Bitcoin’s much-anticipated halving in April, followed by the approval of the Ethereum spot ETF; crypto-friendly policies took center stage during the U2025-01-06
- Bitget Lists XterioGames (XTER) Adding it to Spot Trading
Victoria, Seychelles, 6th January 2025 –
Bitget, the leading cryptocurrency exchange and Web3 company, has announced the listing of XterioGames (XTER), a fast-growing Web3 game ecosystem. Trading for XTER will commence on 8th January, 2025, at 10:00 (UTC).
Xterio is an AI-powered Web3 game layer 2 ecosystem with 5 self-developed games and over 70 gaming partners. Founded by gaming industry veterans, Xterio is dedicated to creating deep and rich gaming exper2025-01-06
- Bitget Launches TraderPro Season 4 with Grand Prize of 10,000 USDT
Victoria, Seychelles, 30th December 2024 –
Bitget, the leading cryptocurrency exchange and Web3 company, has announced the launch of
TraderPro Season 4, a premier campaign to spotlight top traders and reward outstanding performance. Participants in this competitive event have the opportunity to win significant rewards, including a
Grand Prize of up to 10,000 USDT for elite trading achievements.
Bitget’s TraderPro campaign introduces a2024-12-30
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Spot MarginUnderstanding Bitget's Auto-borrow and Auto-repay FeaturesBitget spot margin trading allows you to quickly open or close positions without needing manual borrowing or repayment, making it easier to magnify your potential profits! With our auto-borrow and auto-repay features, you can trade smarter when you make spot margin trades. Auto-borrow The auto-borrow feature is initiated by default and can increase your spot margin trading volume, thereby maximizing your potential profits. Simply set your trading volume by setting a percentage or entering2024-10-23
Spot MarginSpot Margin Trading: How to Control Risk and Safeguard Your Funds Spot margin trading allows users to magnify their trading funds by borrowing, but it also incurs liabilities in the user's margin account, increasing the risk. In the event that the user's margin account becomes insolvent, liquidation or partial liquidation may occur. How to avoid risks in margin trading and make trading safer? Monitoring and controlling your risk ratio is crucial. The risk ratio is calculated as the ratio of debt to assets. When the risk ratio is greater than or equal to2024-10-23
Spot MarginBitget Spot Margin Trading: Profit From Shorting Without Holding Coins Spot margin trading builds on traditional spot trading, offering the same market depth but with the added capability to both buy (long) and sell (short)! What is shorting? Shorting involves selling a cryptocurrency with the expectation that its price will fall. Investors borrow a certain amount of the target currency, sell it at the current high price, and then buy it back at a lower price once the value drops. Specifically, you can borrow N units of the asset to sell for cash and later r2024-10-23
Spot MarginHow Does Bitget Spot Margin Amplify Your Profits? Spot margin is a foundational trading tool that can significantly increase your profits. But how exactly does it work to double your earnings? Going long Going long indicates your expectation that the target coin's value will increase. It operates similarly to traditional spot buying—buy low, sell high. However, spot margin differs by allowing you to borrow USDT for trading. For instance, if you are bullish on BTC but have limit2024-10-23
Spot MarginWhy Choose Bitget Spot Margin Trading? Have you ever wished you had more funds when making spot trades? Want to amplify your profits by leveraging more capital? If so, we strongly recommend Bitget spot margin trading. What advantages does Bitget margin trading offer? 1. More trading funds: Bitget spot margin trading allows you to borrow assets by maintaining a margin. For example, the BTC/USDT trading pair supports 10X leverage, which means that yo2024-10-23
Spot MarginIntroduction to Bitget cut-rate coupons1. Cut-rate coupons 1.1 Cut-rate coupons allow users the enjoy lower margin interest. 1.2 You can search for and claim cut-rate coupons in the Coupons Center. 2. Searching for and claiming cut-rate coupons Website On the homepage, go to Profile > Dashboard > Coupons Center > Cut-Rate Coupons. App On the homepage, tap the Profile icon, then go to Coupons Center > Cut-Rate Coupons. Cut-rate coupons can be used once claimed (no need to make any transfers). 3. Applying cut-rate coupons 3.1 Cut-rate2023-06-13
Spot MarginSpot Margin - Learn to Control Risk Ratio Spot leverage is popular among users, due to its ability to help achieve greater potential returns by borrowing additional funds for trading. However, higher returns also mean higher risks. Therefore, it is helpful for users to build a better risk control system for trading, and prevent greater losses by learning to monitor and control their risk ratio. Definition of Risk Ratio Risk ratio is the ratio of debt to assets calculated by the system when a user holds a spot leverage trading posit2023-03-24
Spot MarginMargin Trading TermsCross margin: in cross margin mode, all currencies that support cross margin can be used as collateral to borrow funds. This can help improve the utilization rate of funds, while sharing risk among all currencies in the cross-margin account. Isolated margin: trading pairs are kept in separate accounts so that funds and their corresponding risk are calculated independently. Margin account: an account that is used for leveraged borrowing or trading. Margin accounts include cross-margin accounts2023-03-16
Spot MarginFour Steps to Complete Bitget Spot Margin Trading Transfer - Borrow - Trade -Repay! Step 1: Transfer Funds to Your Spot Margin Account The first step to Spot Margin trading on Bitget is to transfer funds from your main account to your Spot Margin account. This can be done through the "Transfer" function on the platform. Make sure you transfer enough funds to cover any potential losses. Tip: For the Cross margin account, the principal is mixed in one account. For the Isolated margin account, you need to transfer funds to the trad2023-03-14
Spot MarginSpot Margin - Borrowing is the core of margin trading.Spot margin trading is a product that allows users to borrow more funds to trade by collateralizing their margin. It belongs to the branch of spot trading and shares the same order book as spot trading. Advantages Provides users with more margin. Proper use of leverage can bring more potential profits to users in trading. Improves capital utilization. When users hold tokens and do not want to sell them, they can borrow other funds by collateralizing the tokens to further invest. Supports2023-03-09
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