The Bitget exchange – a global crypto derivatives and copy trading platform, has been expanding into the Web3 environment with renewed force since the beginning of 2023, releasing several new products and acquiring several others. The exchange has decided to increase its engagement with users by releasing an updated whitepaper, which outlines new benefits the community can expect from holding the exchange’s native BGB token.

The new document, almost entirely devoted to the BGB token, outlines a number of interesting features meant to boost the adoption of cryptocurrencies as a whole and attract attention to the native exchange asset. BGB has been experiencing consistent growth since February 2023, when it peaked at $0.51 in price and reached a total trading volume increase of 500% —  a feat that currently ranks it at number 9 on the Coingecko list of CEX tokens. Such traction is expected to be bolstered by the new features outlined in the new white paper.

Among the features users can expect to enjoy for holding the BGB token are passive earning services and a BGB lottery that rewards users with random gift packs. The BGB token will also receive its trial fund for futures trading, giving more freedom to traders willing to experiment with the service. Established products like the native Launchpad and Launchpool will receive increased access via the BGB token, and users can expect to benefit more from participation and feedback.

(By Livine Sanchez)