Bitget Expands DeFi Presence with BGB Liquidity Pool on Uniswap | Coinspeaker
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Bitget Expands DeFi Presence with BGB Liquidity Pool on Uniswap

Users can now trade BGB directly on the Ethereum blockchain instead of relying solely on Bitget’s centralized platform.

Chimamanda U. Martha By Chimamanda U. Martha Julia Sakovich Edited by Julia Sakovich Updated 3 mins read
Bitget Expands DeFi Presence with BGB Liquidity Pool on Uniswap
Photo: Depositphotos

Key Notes

  • Bitget integrated its native token BGB into Uniswap’s liquidity pools, offering decentralized trading options.
  • With BGB now on Uniswap, users gain more flexibility and control over their assets, aligning with DeFi’s growing popularity.
  • Last year, Bitget permanently removed 40% of BGB’s supply in December 2024 to enhance scarcity and potential value.

Bitget, a leading cryptocurrency exchange and Web3 company, has expanded its presence in decentralized finance (DeFi) by adding its native Bitget Token BGB $6.05 24h volatility: 4.5% Market cap: $7.25 B Vol. 24h: $388.81 M liquidity pool on Uniswap.

According to an official press release, this move allows users to trade BGB directly on the Ethereum blockchain, increasing its accessibility beyond Bitget’s centralized exchange.

BGB Token Evolution: From Merger to Expansion

The expansion of BGB into Uniswap follows a significant milestone in the token’s history. On December 27, 2024, Bitget completed a token merger that combined the Bitget Wallet Token (BWB) with the Bitget Token (BGB). This consolidation resulted in a single utility token BGB, serving both the Bitget exchange and Bitget Wallet.

The merger streamlined Bitget’s ecosystem, making BGB the core asset for trading, payments, and rewards across both platforms.

With the addition of BGB to Uniswap, the company has enhanced the token’s utility and accessibility, particularly within the DeFi ecosystem. Uniswap is a leading decentralized exchange (DEX) that operates on an automated market maker (AMM) model, eliminating the need for traditional order books.

In this system, liquidity providers contribute pairs of tokens to liquidity pools. These pools allow traders to swap tokens based on the ratio of available assets, ensuring continuous liquidity. The AMM mechanism automatically adjusts prices based on supply and demand, leading to efficient price discovery without intermediaries.

For BGB holders, this integration means greater trading flexibility. Instead of relying on Bitget’s centralized platform, users can now trade BGB in a decentralized manner, retaining full control of their assets.

This move aligns with the broader trend of DeFi adoption, where users prefer decentralized, permissionless, and censorship-resistant financial solutions.

Bitget Conducts Its First Token Burn

In addition to integrating with Uniswap, Bitget has implemented a major deflationary strategy to enhance BGB’s scarcity and long-term value.

On December 30, 2024, the exchange conducted its first-ever token burn, permanently removing 800 million BGB from circulation — a reduction of 40% of the total supply.

This massive burn was part of Bitget’s plan to increase BGB’s scarcity, which could positively impact its price over time.

Following this initial burn, Bitget announced a quarterly BGB burn mechanism starting in 2025. Under this plan, 20% of Bitget’s quarterly profits from its exchange and wallet operations will be allocated to repurchasing and burning BGB tokens.

This strategy is designed to create a self-sustaining token economy, where periodic burns reduce supply while increasing demand. By consistently lowering the circulating supply, Bitget aims to enhance BGB’s long-term value and market appeal.

On Thursday, Bitget Wallet unveiled the BGB Center, a new feature designed to provide exclusive benefits to BGB holders. According to the announcement, the center offers a streamlined and convenient way for users to manage their assets and access rewards.

Through the BGB Center, users can track their BGB VIP level, stake BGB tokens to earn stable rewards, receive airdrops from popular projects, and even gain priority access to crypto bank cards.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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Chimamanda U. Martha

Chimamanda is a crypto enthusiast and experienced writer focusing on the dynamic world of cryptocurrencies. She joined the industry in 2019 and has since developed an interest in the emerging economy. She combines her passion for blockchain technology with her love for travel and food, bringing a fresh and engaging perspective to her work.

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