The utility token of cryptocurrency exchange Bitget, Bitget Token (BGB), has experienced a significant increase in value following the announcement of its listing on MEXC Global. The listing announcement was made by both exchanges on Friday, with the trading pairs BGB/USDT and MX/USDT set to go live on July 31.

MEXC Global will list the Bitget token in its Innovation Zone and has already opened up deposits for BGB. Trading for the BGB/USDT pair will begin on July 31 at 10:00 UTC, while withdrawals will be available from August 1, 2023, at 10:00 UTC.

Simultaneously, Bitget will introduce trading support for MX Token (MX), the native utility token of MEXC Global. The MX/USDT trading pair will be added to the Platform Token Zone on July 31.

Following the listing news, the price of BGB surged more than 4%, reaching an intraday high of $0.46. This is close to its all-time high of $0.51, which was reached in February of this year.

Bitget released an updated version of its token in July 2021, which is utilized as a payment method within the exchange platform’s ecosystem. It can also be staked or used for trading fee discounts.

FAQs

What is BGB?

BGB is the utility token of Bitget, a cryptocurrency exchange.

When will BGB be listed on MEXC Global?

BGB will be listed on MEXC Global on July 31, 2023.

What are the trading pairs for BGB?

The trading pairs for BGB are BGB/USDT and MX/USDT.

What is the current price of BGB?

The price of BGB surged to an intraday high of $0.46 following the listing announcement.

What is MX Token?

MX Token is the native utility token of MEXC Global.

How can BGB be used within the Bitget platform?

BGB can be used as a form of payment within Bitget’s platform ecosystem. It can also be staked or used for trading fee discounts.