Market Cap: $2.6653T -3.100%
Volume(24h): $71.0636B -3.580%
  • Market Cap: $2.6653T -3.100%
  • Volume(24h): $71.0636B -3.580%
  • Fear & Greed Index:
  • Market Cap: $2.6653T -3.100%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$82992.240739 USD

-0.74%

ethereum
ethereum

$1905.557390 USD

-0.09%

tether
tether

$1.000184 USD

0.02%

xrp
xrp

$2.288240 USD

-2.48%

bnb
bnb

$639.836036 USD

0.18%

solana
solana

$125.371788 USD

-2.70%

usd-coin
usd-coin

$1.000156 USD

0.01%

cardano
cardano

$0.709189 USD

-2.10%

dogecoin
dogecoin

$0.168054 USD

-3.39%

tron
tron

$0.225003 USD

5.02%

chainlink
chainlink

$14.178727 USD

2.78%

unus-sed-leo
unus-sed-leo

$9.821699 USD

-0.06%

toncoin
toncoin

$3.542072 USD

3.56%

stellar
stellar

$0.270845 USD

-0.96%

hedera
hedera

$0.188253 USD

-1.44%

Cryptocurrency News Articles

Bitget Adds Native Bitget Token (BGB) on Uniswap Liquidity Pool

Jan 17, 2025 at 06:01 pm

Bitget Adds Native Bitget Token (BGB) on Uniswap Liquidity Pool

Cryptocurrency exchange Bitget has added its native Bitget Token (BGB) to a liquidity pool on decentralized exchange Uniswap, enabling users to trade BGB directly on the Ethereum blockchain.

Uniswap operates on an automated market maker (AMM) model, utilizing liquidity pools to facilitate token swaps without relying on traditional order books.

In this system, liquidity providers contribute pairs of tokens to pools, allowing traders to execute transactions based on the ratio of tokens available.

The integration of BGB into Uniswap's liquidity pools signifies Bitget's efforts to expand the token's utility beyond its centralized platform.

By enabling on-chain trading, BGB holders can now engage in decentralized transactions, aligning with the broader trend towards DeFi solutions.

This development follows Bitget's recent strategic initiatives to enhance the value and utility of BGB.

On December 30, 2024, Bitget completed its first-ever token burn, permanently removing 800 million BGB from circulation, effectively reducing the total supply by 40%.

This action aimed to increase the token's scarcity and long-term value.

Looking ahead, Bitget plans to implement a quarterly BGB burn mechanism starting in 2025.

Under this plan, 20% of quarterly profits from exchange and wallet operations will be allocated to repurchase and burn BGB tokens.

This approach underscores Bitget's strategy to create a sustainable and impactful token economy for BGB.

The addition of BGB to Uniswap's liquidity pools broadens the avenues for trading and integrates BGB into the wider DeFi landscape.

This move is expected to attract a diverse group of users seeking decentralized trading options, thereby fostering the growth and adoption of BGB within the crypto community.

To check out the BGB liquidity pool on Uniswap, please visit here.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Mar 19, 2025