Bitget Launches BGBTC, Offering Continuous Bitcoin Yield with Full Liquidity
Bitget, a platform offering one-stop trading for cryptocurrencies, stocks, and gold, has introduced BGBTC, a BTC-based asset that provides users with continuous yield while preserving full price exposure and liquidity. This new asset is pegged 1:1 to Bitcoin (BTC) and supports various use cases on the Bitget platform.
The key features of BGBTC include earning BTC-denominated yield by holding, convenient subscription and redemption options, margin that continues to earn while being used as futures margin, and participation in ecosystem promotions. The underlying yield strategy is designed and executed by a professional team of Curators, requiring no active management from users.
BGBTC offers various use cases for different types of users. Long-term BTC holders can automatically earn BTC-denominated yield daily, while futures trading users can use BGBTC as margin to trade while continuing to earn yield. Crypto Loans users can also use BGBTC as collateral to unlock liquidity without interrupting the yield.
To get started with BGBTC, users need to subscribe and convert their BTC to BGBTC at a 1:1 ratio. The conversion incurs no loss of value and is simple to complete, making BGBTC ideal for long-term holders seeking effortless, passive yield. Users can then use BGBTC flexibly to maximize its value in various ways.