- Bitget lists BLAST tokens on the spot market, trading starts June 26, 2024.
- Blast.io offers 4% ETH and 5% stablecoin yields on Ethereum Layer 2.
- Bitget leads in crypto spot and derivatives trading with $6B Open Interest.
Bitget, a top crypto exchange, has announced the listing of BLAST tokens from Blast.io on its spot market. The listing of BLAST tokens, under Bitget’s innovation zone, targets to provide users with early access to high-potential projects. The trading for BLAST tokens will begin at 15:00 UTC on June 26, 2024. This approach reflects Bitget’s strategy of supporting upcoming DeFi ecosystems by listing trending projects during token generation events (TGE).
Blast.io is an Ethereum Layer 2 ecosystem that offers native yield for ETH and stablecoins. Unlike other Layer 2 solutions, Blast.io provides a 4% yield for ETH and a 5% yield for stablecoins. These yields are derived from ETH staking and Real World Asset (RWA) protocols. The returns are passed back to Blast.io users automatically, improving their overall experience. Blast.io adopts an EVM-compatible, optimistic roll-up technology, ensuring higher baseline yields without interfering with the expected functionality for users and developers. This higher yield potential allows the creation of new business models for decentralized applications (DApps), which were not previously practical.
The innovation zone at Bitget focuses on listing high-potential tokens to improve accessibility to emerging decentralized finance (DeFi) ecosystems. Bitget enables users to engage with trending low-cap tokens during their initial launch phases by including BLAST in its spot market.
Bitget offers over 900 coins and over 1000 trading pairs, giving users diverse investment opportunities. Bitget also leads in the crypto derivatives market, with its Open Interest (OI) indicator surpassing $6 billion last month, capturing a substantial 25% share of the total market. Furthermore, Bitget recorded the highest monthly inflow among centralized exchanges in the past 30 days, attracting $1.3 billion in new capital. This achievement strengthens Bitget’s position as a market leader.
Founded in 2018, Bitget serves over 25 million users across more than 100 countries and regions. The exchange is known for its pioneering copy trading feature and comprehensive Web3 solutions through its multi-chain crypto wallet. Previously known as BitKeep, Bitget Wallet offers functionalities such as swap, NFT marketplace and DApp browser, making it a versatile tool for crypto enthusiasts. Bitget’s collaborations with prominent figures, including football legend Lionel Messi and Turkish national athletes, further inspire individuals to embrace cryptocurrency.
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