Bitget Supports BGB Smart Contract Upgrade, Advancing for Future On-Chain Utilities

Press release

Victoria, Seychelles,
1
st July, 2024 -
Bitget, the leading cryptocurrency exchange and Web3 company, has announced the upgradation of the smart contract address for its native token BGB. The development aims to expand the utility and potential of the Bitget token (BGB), opening up new avenues for its use in various decentralized applications and future listings on major centralized and decentralized exchanges.
Bitget will upgrade the BGB smart contract address without altering the total supply of BGB. During the upgrade, centralized exchanges will temporarily suspend BGB deposit and withdrawal services, while the trading service of BGB will not be affected. The platform will swap BGB for holders within the exchange, and On-chain holders with more than 0.1 BGB balance will receive a 1:1 airdrop, ensuring that their holdings remain unaffected by the upgrade.
After the upgrade, BGB's new capabilities will allow it to participate in various decentralized applications, significantly enhancing its utility. The token's utility will extend beyond centralized exchanges to include AI, DeFi, DEX, GameFi, SocialFi and more emerging tech infrastructures in crypto. This expansion into decentralized applications is expected to increase the demand for BGB, while potentially decreasing its circulating supply. By broadening its use cases, BGB aims to provide more value and opportunities for its holders.
"The recent surge in BGB and Bitget's overall ecosystem business performance are closely correlated," said
Gracy Chen, CEO at Bitget. "We are always bullish on the long-term growth of BGB, and Bitget's potential to grow reasonably predicts that BGB will retain itself as the best-performing CEX token in the coming months," she added.
Launched three years ago in July 2021, BGB serves as the only fuel within the Bitget ecosystem, offering users a range of benefits and incentives. Along with free withdrawals and trading fees discounts, BGB is used to gain exclusive access for Launchpad & Launchpool along with stake-to-mine benefits on Poolx. According to data on
Coingecko, BGB surged 141.4% in the past year, reaching a new all-time-high (ATH) this June hitting $1.44. The recent success of BGB can be attributed to factors such as growing adoption, utility within the Bitget ecosystem, and positive market sentiments.
The upcoming upgrade for BGB highlights Bitget's long-term commitment to enhancing BGB's functionality and adaptability in the evolving crypto landscape. By facilitating seamless integrations with decentralized applications, BGB opens up a pathway for higher utility and broader adoption.
For more details on the BGB contract address upgrade, check our official announcement
here.
About Bitget
Established in 2018,
Bitget is the world's leading
cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep,
Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).
For media inquiries, please contact:
media@bitget.com
How to buy BTCBitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade nowRecommended
- Press releaseBitget Lists Datagram (DGRAM) for Spot Trading Victoria, Seychelles, November 18, 2025 – Bitget, the world’s largest Universal Exchange (UEX), announced the listing of Datagram (DGRAM) in the Innovation and DePIN Zone, adding it to spot trading. Trading for the DGRAM/USDT pair will begin on 18 November 2025, 10:00 (UTC), with withdrawals available from 19 November 2025, 11:00 (UTC). Datagram is a global, AI-driven Hyper-Fabric Network that delivers real-time connectivity and DePIN cross-network interoperability,
2025-11-18
- Press releaseBitget October 2025 Protection Fund Maintains $741M Average Despite Slumptober Victoria, Seychelles, November 13, 2025 — Bitget, the world’s largest Universal Exchange (UEX), today released its October 2025 Protection Fund report, recording an average monthly valuation of $741,435,710 despite a challenging month across digital asset markets. The fund peaked at $811,031,000 on October 6 and registered a monthly low of $691,886,000 on October 17, maintaining stability even as broader crypto prices declined. October marked one of the more turbulent mont
2025-11-13
- Press releaseBitget Partners with Tiger.com, Bringing High-Speed Tools to Intraday TradersVictoria, Seychelles, November 13 2025 — Bitget, the world’s largest Universal Exchange (UEX), has announced a new partnership with Tiger.com, a professional trading terminal built for precision, speed, and strategy. The collaboration allows traders to connect directly to Bitget through Tiger’s platform in seconds, unlocking a seamless environment for intraday trading and advanced market analysis. Tiger.com, chosen by over 300,000 users globally, offers access to cryptocurrencies, stocks, futur
2025-11-13
We offer all of your favorite coins!
Buy, hold, and sell popular cryptocurrencies such as BTC, ETH, SOL, DOGE, SHIB, PEPE, the list goes on. Register and trade to receive a 6200 USDT new user gift package!
Trade nowHow to buy BTCBitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now

