Bitget Boosts BGBTC with Daily Bitcoin Rewards

Bitget has upgraded its yield-bearing Bitcoin token, BGBTC, adding daily rewards and improving cross-chain transfers. The upgrade stays true to the token's one-to-one backing by BTC, but now pays out in BTC every day.

The exchange also promised faster redemption for large orders, as well as additional risk controls and disclosures. Holders can use BGBTC as futures margin or lending collateral, and commit it to Launchpool and PoolX.

Bitget has chosen Chainlink's Cross-Chain Interoperability Protocol as the standard rail for moving the token between networks. This builds on its earlier use of Chainlink Proof of Reserve.