Bitget, a well-known cryptocurrency exchange and Web3 company, recently announced the listing of the highly-anticipated L2 token, BLAST, on their Spot corridor. This listing allows Bitget users to trade one of the hottest EVM cryptocurrencies currently available in the market. Deposits for BLAST tokens are open, and trading officially began on June 26, 2024, at 3:00 p.m. UTC. The listing of BLAST on Bitget provides users with early access to this promising token and the opportunity to participate in its trading.
BLAST is being promoted as one of the first Ethereum L2 tokens with native yield for ETH and ERC-20 stablecoins. The yield for Blast comes from Ether staking and its usage in RWA protocols. Unlike other L2 tokens where the default interest rate is usually 0%, BLAST offers a 4% yield for ETH and a 5% yield for stablecoins. This higher yield is aimed at creating new opportunities for decentralized applications and providing users with a unique experience in the crypto space.
The introduction of BLAST on Bitget’s Innovation Zone further demonstrates the exchange’s commitment to listing promising and trending cryptocurrency tokens. By listing tokens like BLAST in the Innovation Zone, Bitget aims to enhance accessibility to emerging DeFi ecosystems and provide its users with the opportunity to engage in the initial launch phases of trending low-cap tokens. This initiative aligns with Bitget’s strategic goals of expanding its spot and various other trading corridors to offer a diverse range of trading options to its users.
In recent weeks, Bitget has achieved significant milestones across marketing, business development, and performance metrics. The exchange has emerged as one one of the top 10 crypto spot trading platforms, offering over 900 coins and 1000+ pairs for trading. Bitget leads the crypto derivatives market with its Open Interest (OI) indicator surpassing $6 billion last month, capturing a substantial 25% share of the total market. The exchange also recorded the highest monthly capital inflow among all centralized exchanges, with $1.3 billion in new capital in the past 30 days, reinforcing its position as a leading platform in the CEXes segment.
Bitget’s partnership with Ethena has been expanded, allowing customers to benefit from stable derivatives margin collateral, a unique DeFi design offered by Ethena Labs. The integration of the USDe stablecoin, a flagship product of Ethena, into Bitget’s earning modules provides users with more options for trading and earning in the crypto market. Bitget’s continuous efforts to innovate and offer new opportunities to its users have helped the exchange establish itself as a trusted platform for trading and investing in cryptocurrencies.
