Global leading cryptocurrency exchange and Web3 company Bitget has introduced its native Wrapped Bitcoin token (BGBTC), offering Bitcoin (BTC) holders new opportunities to maximize their asset potential. This innovative solution combines the stability of BTC with the flexibility of decentralized finance (DeFi), enabling users to earn additional yields while maintaining Bitcoin exposure.
Key Features of BGBTC
- 1:1 BTC-Backed Stability: Each BGBTC token is fully collateralized by Bitcoin reserves, ensuring price parity and security.
- DeFi Integration: Seamlessly interacts with BitcoinFi platforms and broader DeFi ecosystems for enhanced utility.
- Multi-Reward Mechanism: Users earn BGPoints, fixed APY, and eligibility for future token airdrops.
Phase 1: Pre-Launch Benefits (Dec 9, 2024 - Jan 8, 2025)
During this exclusive period:
- Stake BTC on Bitget to receive BGBTC tokens
- Earn 2x BGPoints rewards
- Receive an additional 2% APY (paid lump-sum post-event)
👉 Discover how to stake BTC for BGBTC
Roadmap Highlights
Q1 2025 Launch (Starting Jan 9, 2025):
- Enhanced BGPoints rewards
- Flexible redemption options
- Strategic partnerships with BitcoinFi platforms
Executive Insight
"BGBTC represents our commitment to Bitcoin ecosystem innovation," said Gracy Chen, CEO of Bitget. "It empowers users to unlock deeper DeFi participation while maintaining BTC's inherent value proposition."
Security Architecture
- Dual custodianship with Cobo
- Multi-signature wallet protection
- Insurance-backed reserves
Future Developments
Bitget plans to expand BGBTC functionality with:
- LaunchPool and PoolX integrations
- Early BGPoints settlement
- Collateralized lending services
FAQ Section
How does BGBTC maintain its 1:1 peg with BTC?
The token undergoes regular reserve audits, with all collateral held in transparent cold storage addresses.
What advantages does BGBTC offer over holding native BTC?
It enables:
- Passive income through staking rewards
- Participation in DeFi protocols
- Access to exclusive Bitget ecosystem benefits
Can I redeem my BTC at any time?
Flexible redemptions become available in Q1 2025, with instant processing for verified users.
👉 Explore BGBTC's full technical documentation
Risk Disclosure:
Cryptocurrency investments carry substantial volatility. Investors may lose their entire capital. Conduct independent research before participating.