Bitget Bolsters BGBTC with Daily Rewards and Enhanced Transparency

Bitget, the world's largest Universal Exchange (UEX), has upgraded its BGBTC asset to offer daily Bitcoin-denominated rewards. This upgrade introduces large-volume fast redemption, institutional-grade risk oversight, and enhanced transparency.

The new feature uses Chainlink's Cross-Chain Interoperability Protocol (CCIP) as its canonical cross-chain infrastructure. This is part of Bitget's existing use of Chainlink Proof of Reserve.

BGBTC was developed to help users generate value from their Bitcoin holdings without sacrificing liquidity or adding complexity. The upgraded asset allows users to earn daily rewards while maintaining access to a range of use cases across the Bitget ecosystem.

Bitget CEO Gracy Chen stated, 'The next stage isn't simply holding Bitcoin, it's making it productive.' She emphasized that capital efficiency is becoming a key theme in digital asset markets, and BGBTC is designed to help users achieve this goal.