BGB has emerged as the second-largest gainer in the crypto market this week, following CORE. The surge in the token’s price coincides with a brief liquidation in the wider market, as Bitcoin and Ethereum experienced a dip of just below 5% over the past week. According to Lee, the exchange’s spot trading market has been flourishing, while its derivatives market has been steadily evolving. The business data has shown rapid growth, especially after Bitcoin hit its all-time high and Bitcoin ETFs were approved.
The derivatives market has exhibited higher profitability in volatile market conditions, with the APY during participation in the ENA Launchpool reaching an impressive 292%. During the staking period, BGB achieved its new all-time high, providing users with double benefits. Additionally, Bitget has announced the impending launch of PoolX, which Lee describes as a high-frequency and small-scale Launchpool. Lee believes that PoolX will enable Bitget to consistently achieve high annualized returns.
