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Cryptocurrency News Articles

Bitget Lists Blast.io (BLAST) Under Its Innovation Zone for Initial Token Listings

Jun 26, 2024 at 11:47 pm

Bitget, the leading cryptocurrency exchange and Web3 company, announced the listing of one of the most awaited Layer 2 ecosystems Blast.io for initial listings of BLAST tokens on the Spot corridor.

Bitget Lists Blast.io (BLAST) Under Its Innovation Zone for Initial Token Listings

In a recent development, Bitget, the cryptocurrency exchange and Web3 company, has announced the listing of Blast.io, a Layer 2 ecosystem, for the initial listings of BLAST tokens on its Spot corridor. Under its innovation zone, Bitget lists promising trending projects during their token generation event (TGE). Blast users can now trade their newly airdropped BLAST tokens, and new users can gain early market access through Bitget's spot trading. Deposits for BLAST tokens opened on June 26th, and trading will go live at 15:00 UTC.

Blast is among the first Ethereum L2s to offer native yield for ETH and stablecoins. This potential yield is generated through ETH staking and RWA protocols and is automatically credited to Blast users. While other L2s typically offer a 0% default interest rate, Blast users can enjoy rates of 4% for ETH and 5% for stablecoins.

Blast is an EVM-compatible, optimistic rollup that enhances the baseline yield for users and developers without altering the experience expected by crypto natives. This potential yield enables the creation of novel business models for Dapps that might not have been possible otherwise. The Blast project was founded by the creator of the Blur NFT marketplace, known pseudonymously as Pacman.

Bitget includes high-potential tokens in its innovation zone to facilitate greater accessibility to emerging DeFi ecosystems. The inclusion of BLAST on Bitget Spot helps users participate in the initial launch phases of trending low-cap tokens.

This initiative complements Bitget's broader expansion goals across its spot and other trading corridors. With a focus on providing users with opportunities to invest in promising projects, Bitget ranks among the top 10 crypto spot trading platforms, offering 900+ coins and 1000+ pairs. Bitget leads the crypto derivatives market with its Open Interest (OI) Surging past $6B last month, capturing a significant 25% share of the total market. Among all centralized exchanges, Bitget recorded the highest monthly net inflows in the past 30 days, with $1.3B in new capital, solidifying its standing as an industry leader.

For more details on BLAST initial token listings, visit here.

About Bitget

Bitget, established in 2018, is a world-leading cryptocurrency exchange and Web3 company. With a presence in 100+ countries and regions, serving 25+ million users, Bitget is dedicated to providing users with a smarter way to trade. The Bitget exchange is well-known for its pioneering copy trading function, which helps users trade smarter, and its range of trading solutions. Bitget Wallet, formerly known as BitKeep, is a world-class multi-chain crypto wallet that offers a broad spectrum of comprehensive Web3 solutions and features, including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Through collaborations with respected partners, such as 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), Bitget aims to inspire individuals to adopt crypto.

For more information, visit:

Contact

Public Relations Simran Bitget [email protected]

Original source:invezz

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