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Cryptocurrency News Articles
Bitget Wallet Launches Trading Rebate Program for Meme Coins on BNB Chain
Feb 28, 2025 at 03:01 pm
Bitget Wallet, a leading Web3 non-custodial wallet, has introduced a trading rebate program for meme coin transactions on BNB Chain, responding to
VICTORIA, Seychelles, Feb. 28, 2025 (GLOBE NEWSWIRE) -- Bitget Wallet, a leading Web3 non-custodial wallet, is launching a trading rebate program for meme coin transactions on BNB Chain. The initiative is part of broader efforts to provide risk mitigation measures as market volatility persists and investor participation in meme coins surges.
As BNB Chain emerges as a major hub for meme coin trading, showcasing high volume and liquidity for meme coins, these assets are also subject to significant price fluctuations. This poses challenges to traders, especially those new to decentralized finance (DeFi) and navigating the complexities of decentralized exchanges (DEXs).
Aiming to support traders during this period of heightened meme coin activity, Bitget Wallet will be offering a limited-time program to compensate users for their trading losses. From February 20 to March 5, traders who experience a loss exceeding 50% of their principal investment on BNB Chain-supported tokens via Bitget Wallet Swap will be eligible for a rebate of up to 250 USDT per transaction.
The program is designed to mitigate some of the risks associated with meme coin speculation, providing a temporary safety net to help traders manage their trades in these highly volatile assets.
In addition to the trading rebate, Bitget Wallet provides key tools to aid decision-making and efficient execution in meme coin trading. MemeX helps users discover new tokens early, offering insights into emerging opportunities and allowing users to stay ahead of the curve. Instant Swap Mode ensures rapid execution of trades, minimizing slippage and the risk of failed trades during periods of price volatility.
Cross-Chain Swaps facilitate seamless transfers from other networks, such as Ethereum and Solana, into BNB Chain tokens, simplifying the process of moving funds between different chains. Limit orders empower traders to automate their buy and sell strategies, enabling them to capture favorable market movements without constant monitoring.
Furthermore, the GetGas gas account allows users to pay transaction fees with USDT, USDC, ETH, or BGB, eliminating the requirement to hold BNB for gas fees and streamlining the trading process. This flexibility optimizes traders’ holdings and preferences.
The surge in meme coin activity signifies a broader shift in on-chain trading dynamics, where speculative assets are driving retail engagement in the crypto market. However, the high volatility presents challenges for traders seeking sustainable participation in the long term.
As Bitget Wallet introduces these risk-management mechanisms alongside its existing trading infrastructure, its approach highlights a growing focus on providing more comprehensive and structured trading experiences within the decentralized finance landscape.
"As meme coin trading continues to evolve rapidly, a key focus for us is balancing wide accessibility with providing traders with more structured tools and protections to help them navigate this rapidly changing market with greater confidence," said Alvin Kan, COO of Bitget Wallet. "This initiative is part of our ongoing efforts to support traders in making the most of the rich opportunities presented by Web3."
For more details, please visit Bitget Wallet blog.
About Bitget WalletBitget Wallet is the home of Web3, uniting endless possibilities in one non-custodial wallet. Connecting over 60 million users worldwide, it offers a complete suite of onchain services, including asset management, instant swaps, rewards, staking, trading tools, live market data, a DApp browser, an NFT marketplace and crypto payment.
With support for over 100 blockchains, 20,000+ DApps and 500,000+ tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges, along with a $300+ million protection fund to ensure safety of users’ assets. Download Bitget Wallet Lite to start a Web3 journey.
Website: https://bitget.com/en/wallet
Email: media.web3@bitget.com
Telegram: https://t.me/bitgetchat
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LinkedIn: https://www.linkedin.com/company/bitget
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