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Blockchain Press Releases

Bitget Wallet Reaches 20 Million Users, Becoming the Fourth Largest Global Web3 Wallet

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VICTORIA, Seychelles, March 20, 2024 /PRNewswire/ — In a significant milestone for the industry, Bitget Wallet, the leading Web3 wallet in Asia, has announced that its global user base has exceeded the 20 million mark, establishing it as the fourth largest wallet worldwide. This achievement coincides with the launch of the platform’s token, BWB, alongside a captivating six-week BWB token airdrop campaign, attracting widespread attention within the global community.

Harnessing Product Innovation for Unprecedented User Growth

Since launching in May 2018, Bitget Wallet has dedicated itself to developing a robust Web3 infrastructure with the mission of providing every user equitable and unrestricted access to the Web3 universe. Through sharp market insight and relentless innovation in product development, Bitget Wallet has experienced an explosive increase in its user base, marking a significant achievement in its five-year journey.

Bitget Wallet’s strategic foresight during the 2020 DeFi Summer led to the early adoption of DEX quotations, significantly enhancing the user experience in asset discovery and trading onchain. This innovation garnered significant user interest. The subsequent rise of NFTs and the metaverse saw Bitget Wallet expanding its offerings with an NFT marketplace, further propelling its growth. As decentralized trading gained mainstream acceptance, Bitget Wallet was at the forefront, integrating Swap trading functionality and establishing itself as the industry’s first to offer aggregated cross-chain DEX market data and facilitate gas-free cross-chain transactions. The continuous enhancement of its Swap product has been a crucial driver of Bitget Wallet’s user base expansion.

In 2022, Bitget Wallet achieved a remarkable milestone by completing a $15 million Series A funding round at a $100 million valuation, led by Dragonfly Capital. This was followed by a strategic $30 million investment from Bitget Exchange, boosting its valuation to $300 million.

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Post-investment, Bitget Wallet underwent comprehensive brand enhancement and optimization of its Swap services, introducing cutting-edge features like intelligent market data and Smart Money tracking. Its Swap trading volume consistently ranks in the top ten among all DeFi projects, rivaling and occasionally surpassing MetaMask, underscoring its competitive edge in the marketplace.

Beyond refining its Swap transactions, Bitget Wallet has broadened its ecosystem with the introduction of Launchpad and a profit-earning center, facilitating users in discovering new assets and opportunities. Today, Bitget Wallet transcends the traditional wallet paradigm, evolving into a comprehensive decentralized ecosystem platform encompassing DEX, intelligent market data, Launchpad, inscription platforms, NFT marketplace, and a Web3 task incentive platform.

In 2022, Bitget Wallet’s diverse user base spanned across 168 countries and regions, including Asia, Europe, and North America, with a count of 15 million users. By the fourth quarter of 2023, its global download rank ascended to fourth, with the total user count now exceeding 20 million. This places Bitget Wallet at the forefront of the global wallet sphere.

Embracing User-Centric Innovation, Focusing on New Assets and Opportunities

With the industry’s recent shift towards a community-centric narrative, highlighted by the emergence of meme coins, Bitget Wallet has positioned itself as a pioneer in the discovery and trading of meme coins, attracting a dedicated user base thanks to its superior functionality in this niche.

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This success can be attributed to Bitget Wallet’s comprehensive infrastructure, which includes advanced market analysis tools, encompassing full-chain trend analysis, multi-dimensional market rankings, and smart money insights, covering 100 mainstream blockchains. This, combined with innovations such as gas-free trades and automatic slippage adjustments, has empowered users to discover and trade tokens more efficiently and ahead of the curve.

Moreover, Bitget Wallet’s strategic focus on “New Assets” and “New Opportunities,” as emphasized by COO Alvin, reflects its commitment to leading the market in innovation. Whether through the support of new blockchains, the listing of new tokens, the introduction of the Launchpad platform, or the launch of inscription functions, Bitget Wallet’s initiatives are strategically aligned with unlocking new assets and opportunities for its users. Facilitating users in capitalizing on these opportunities, thereby maximizing their earnings in the Web3 world, remains the cornerstone of Bitget Wallet’s growth strategy.

With the recent launch of its platform ecosystem token, BWB, Bitget Wallet underscores its commitment to fostering a vibrant ecosystem. BWB is poised to play a central and pivotal role in the wallet’s ecosystem, with Bitget Wallet’s future growth prospects intricately linked to BWB, following the significant milestone of surpassing 20 million users.

About Bitget Wallet

Bitget Wallet is Asia’s largest and leading global Web3 trading wallet with over 20 million users worldwide. It offers a comprehensive range of features, including asset management, intelligent market data, swap trading, launchpad, inscribing, and DApp browsing. Currently, it supports more than 100 major blockchains, hundreds of EVM-compatible chains, and over 250,000 cryptocurrencies. Bitget Wallet enhances liquidity by aggregating it across hundreds of top DEXs and cross-chain bridges, facilitating seamless trading on over 40 blockchains.

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For more information, visit: Website | Twitter | Telegram | Discord

View original content:https://www.prnewswire.co.uk/news-releases/bitget-wallet-reaches-20-million-users-becoming-the-fourth-largest-global-web3-wallet-302094468.html

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Blocks & Headlines: Today in Blockchain – April 11, 2025 (Featuring Stellar, Plume, Taurus, and Apollo)

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In the rapidly evolving world of blockchain and cryptocurrency, each day brings fresh innovations, disruptive projects, and new partnerships that are reshaping industries and redefining the digital economy. Today’s briefing, “Blocks & Headlines,” delves into the most critical developments making waves in blockchain technology and the cryptocurrency ecosystem. This comprehensive report is presented in an op-ed style, blending rigorous fact-based reporting with insightful commentary on the implications for investors, developers, and regulators alike.

Our analysis today explores the transformative potential of blockchain in government spending, the integration of blockchain with AI-generated content, the rising tide of tokenized assets, breakthrough innovations in blockchain storage solutions, and the launch of a groundbreaking interbank digital asset network. In doing so, we highlight how these stories mirror the continued push toward a decentralized financial ecosystem, increased transparency in public services, and enhanced operational efficiencies across various sectors.

By examining these stories in detail, we aim to provide our readers—whether they are blockchain enthusiasts, cryptocurrency investors, or industry insiders—with a clear perspective on the trends shaping the future of Web3, DeFi, NFTs, and digital assets at large. Let’s explore each of these developments and discuss their broader implications.

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I. Stellar: The Future of Government Spending

A. Overview of Stellar’s Vision for Government Spending

One of the most compelling narratives emerging today is the evolving role of blockchain in transforming public sector expenditures. Stellar’s blockchain platform is being touted as a pioneering solution capable of enhancing the efficiency and accountability of government spending. According to a detailed sponsored content piece from CoinDesk, Stellar is positioning itself to revolutionize the way governments allocate aid, streamline procurement processes, and ensure transparent disbursement of funds.

Source: CoinDesk

The Stellar blockchain, with its fast transaction speeds, low fees, and robust security features, is proving to be a natural fit for the public sector. Governments worldwide have been actively searching for solutions that can reduce administrative costs and eliminate inefficiencies endemic in conventional financial systems. Stellar not only meets these criteria but also offers a level of transparency that is critical in maintaining public trust.

B. Key Features and Advantages

Stellar’s technology has several advantages that make it particularly well-suited for government applications:

  • Efficiency in Transactions: With near-instantaneous settlements and minimal transaction fees, Stellar can facilitate large-scale government payments without incurring prohibitive costs.

  • Enhanced Transparency: Every transaction on the blockchain is recorded immutably, providing a verifiable trail of government spending that can be audited in real time.

  • Interoperability: Stellar’s open-source nature and interoperability protocols allow it to integrate seamlessly with existing legacy systems and emerging digital frameworks, making the transition smoother for governmental bodies.

  • Decentralized Control: The distributed ledger ensures that no single entity has overarching control, reducing the risk of corruption and ensuring equitable access to public funds.

C. Industry Implications and Op-Ed Reflections

From an op-ed perspective, Stellar’s move into the public sector represents a monumental shift in how governmental operations are conceptualized. By leveraging blockchain technology, public administrations can transition from opaque, cumbersome bureaucracies to transparent, efficient, and citizen-centric models of governance.

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Critics have long argued that traditional methods of government spending are too prone to waste and inefficiency. Stellar’s approach could serve as a blueprint for future governmental reforms, setting new standards for accountability and fiscal responsibility. Moreover, as more public institutions look toward digitization, Stellar’s success could encourage policymakers to adopt similar blockchain solutions, thereby accelerating the global shift toward decentralized governance.

The integration of blockchain into government spending also has broader geopolitical implications. In an era marked by heightened scrutiny of public expenditures and increasing demands for transparency, blockchain offers a powerful antidote to corruption. Stellar’s success may well pave the way for widespread adoption of blockchain solutions across various public sectors, further entrenching the technology at the very core of digital transformation in governance.


II. Bridging AI and Blockchain: The Need for Trustworthy AI-Generated Content

A. The Convergence of AI and Blockchain

In another groundbreaking development, the fusion of artificial intelligence (AI) with blockchain technology is emerging as a critical topic. A recent article from CoinTelegraph asserts that AI-generated content, which is rapidly gaining traction across industries, necessitates the robust underpinnings of blockchain to ensure data integrity and traceability.

Source: CoinTelegraph

As AI-generated content proliferates, questions of authenticity, originality, and copyright have taken center stage. Blockchain technology, known for its immutable record-keeping, offers an ideal solution to these challenges. By providing a verified and transparent ledger of content creation and modification, blockchain can help verify the authenticity of AI-generated outputs and secure intellectual property rights.

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B. How Blockchain Enhances AI Content Integrity

The benefits of employing blockchain in the realm of AI-generated content are manifold:

  • Verification and Authentication: By recording each step of the content creation process on a blockchain, it is possible to verify that the generated content is original and unaltered.

  • Data Ownership: Blockchain technology empowers creators by ensuring that data ownership is recorded transparently, thereby safeguarding intellectual property rights.

  • Enhanced Trust: For businesses that rely on AI-generated content, blockchain provides a critical layer of trust by mitigating the risks associated with fake news and deep fakes.

  • Automation of Rights Management: Smart contracts on blockchain can automate licensing and royalty payments, streamlining the process of rights management for digital content.

C. Opinion and Broader Industry Perspectives

From an industry standpoint, the partnership between AI and blockchain is a natural evolution that addresses some of the most challenging aspects of digital content management. In a world where misinformation and digital fraud are rampant, blockchain offers a beacon of trust and accountability. The integration of blockchain for securing AI-generated content not only bolsters the credibility of digital assets but also provides a competitive edge for content creators and distributors.

In an op-ed tone, it can be argued that embracing blockchain in the context of AI is not merely a technological upgrade—it is a moral imperative. As digital ecosystems continue to expand, ensuring that content is both authentic and traceable will become essential for preserving public trust in the information that shapes our world. By bridging AI with blockchain, the industry can achieve a harmonious balance that upholds both innovation and integrity.

The convergence of these two technologies highlights the transformative potential of blockchain beyond traditional financial applications. As the lines between digital content, intellectual property, and decentralized finance blur, blockchain stands poised to become an integral part of a more transparent, efficient, and equitable digital economy.


III. Apollo Backs Plume: Tokenized Assets and the Future of Digital Investments

A. Overview of the Plume Platform

In a move that underlines the increasing convergence of traditional finance with blockchain technology, Apollo has recently backed the blockchain platform Plume in its ambitious push for tokenized assets. According to insights from PE Insights, Plume is designed to offer a comprehensive ecosystem for the digitization of assets, making it easier for investors to access and trade tokenized versions of traditionally illiquid assets.

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Source: PE Insights

Tokenized assets refer to the process of converting real-world assets—such as real estate, art, or commodities—into digital tokens that can be traded on blockchain platforms. This approach has the potential to revolutionize the world of investments by increasing liquidity, reducing barriers to entry, and democratizing access to previously exclusive asset classes.

B. Advantages of Tokenized Assets

The Plume platform is at the forefront of a rapidly growing trend. The tokenization of assets offers several significant benefits:

  • Increased Liquidity: Tokenized assets can be traded 24/7 on various exchanges, enabling investors to buy and sell with unprecedented ease.

  • Fractional Ownership: By dividing assets into smaller, tradable tokens, tokenization opens up opportunities for smaller investors to participate in markets that were once inaccessible.

  • Enhanced Transparency: Every transaction related to tokenized assets is recorded on a blockchain, providing unmatched transparency and accountability.

  • Reduced Transaction Costs: Blockchain’s decentralized nature eliminates the need for intermediaries, significantly reducing transaction costs and settlement times.

C. Strategic Insights and Forward-Looking Commentary

From an op-ed perspective, Apollo’s backing of the Plume platform is a harbinger of the broader shift occurring in digital investments. It underscores the increasing mainstream acceptance of blockchain technology as a viable tool for unlocking value in traditional asset classes. The tokenization of assets represents a paradigm shift that has the potential to redefine global investment strategies, making markets more inclusive, efficient, and liquid.

Investors are beginning to view tokenized assets as the next frontier in digital finance, one that bridges the gap between conventional financial markets and the innovative capabilities of blockchain technology. Apollo’s support for Plume not only validates the underlying concept of tokenization but also sets the stage for further collaboration between traditional investors and blockchain innovators.

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This development signifies an important milestone in the evolution of digital investments. As more platforms like Plume emerge, the tokenization trend is expected to accelerate, bringing with it a wave of innovation that will transform how assets are managed, valued, and traded across the globe.


IV. A New Era in Blockchain Efficiency: Cutting Storage Costs and Boosting Speeds

A. Revolutionizing Blockchain Infrastructure

Efficiency is the cornerstone of blockchain adoption, and a new solution that promises to slash storage costs by 42% while boosting transaction speeds by 25% is making headlines. A recent report from Newswise highlights this breakthrough, which stands to address one of the most critical challenges facing blockchain networks: scalability.

Source: Newswise

The innovative solution leverages advanced compression techniques and optimized data structures to reduce the overhead associated with storing blockchain data. By making the ledger more compact and agile, this development not only enhances performance but also reduces operational costs, thereby making blockchain technology more accessible and sustainable for enterprise-scale applications.

B. Technical Innovations and Impact on Scalability

The technical underpinnings of this breakthrough involve several key innovations:

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  • Data Compression: Enhanced algorithms reduce the size of blockchain data without compromising its integrity or security.

  • Optimized Storage Architecture: By restructuring how data is stored, the solution minimizes redundancies and streamlines access to critical information.

  • Faster Transaction Processing: Increased efficiency directly translates into quicker confirmation times, a crucial factor for applications that require rapid data processing.

  • Cost Reduction: Lower storage requirements mean reduced resource consumption and, by extension, lower operational costs for blockchain networks.

C. Analysis and Broader Industry Implications

The implications of this development are profound. In a world where blockchain networks must scale to accommodate vast volumes of transactions—from decentralized finance (DeFi) to non-fungible tokens (NFTs)—enhanced efficiency is not just desirable but essential. The solution discussed by Newswise represents a significant step forward in overcoming the scalability challenges that have long hindered blockchain adoption.

From an op-ed standpoint, this breakthrough highlights the relentless pace of innovation within the blockchain space. It serves as a reminder that technical challenges, no matter how formidable, can be overcome through innovative thinking and dedicated research. Reduced costs and increased speeds have the potential to spur broader adoption, as industries from finance to supply chain management leverage blockchain’s transformative capabilities.

In the broader context, increased efficiency in blockchain infrastructure will likely lead to more sustainable and scalable networks. This, in turn, encourages further innovation and investment in decentralized technologies, driving the industry toward a future where blockchain is not only secure and transparent but also fast and cost-effective.


V. Taurus Unveils an Interbank Digital Asset Network: The Future of Financial Transactions

A. Breaking New Ground with Digital Asset Networks

In a bold move that underscores the growing convergence of traditional finance with blockchain technology, Taurus has unveiled its new interbank digital asset network. As reported by Ledger Insights, this initiative aims to create a secure, scalable, and efficient platform for interbank transactions, leveraging blockchain to revolutionize how banks conduct digital asset transfers.

Source: Ledger Insights

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The new network promises to streamline cross-border payments and interbank settlements, reducing the friction and delays associated with conventional financial systems. By integrating digital assets into everyday banking operations, Taurus is paving the way for a future in which blockchain technology becomes the backbone of global finance.

B. Key Features and Functionalities of the Network

The interbank digital asset network introduced by Taurus offers several innovative features:

  • Enhanced Security: Utilizing blockchain’s immutable ledger, the network ensures that every transaction is secure, transparent, and verifiable.

  • Scalability: Designed to handle high volumes of transactions, the network is built to support the needs of large financial institutions.

  • Cost Efficiency: The decentralized nature of the network reduces reliance on intermediaries, cutting down on transaction fees and processing costs.

  • Speed: Faster settlement times compared to traditional banking systems provide a significant competitive advantage in the fast-paced financial sector.

C. Strategic and Industry Implications

From an op-ed perspective, Taurus’s interbank digital asset network represents a paradigm shift in financial services. It is a concrete example of how blockchain technology is being harnessed to streamline traditional banking operations, creating a more efficient and resilient financial system. The network has the potential to significantly reduce settlement times, lower transaction costs, and enhance overall operational transparency.

For the banking sector, this initiative is a wake-up call: in a digital age, agility and technological innovation are critical to survival. As banks face pressure from fintech disruptors and the evolving expectations of customers, investing in blockchain technology is no longer optional—it is essential for maintaining a competitive edge.

Moreover, the launch of this network could drive further collaboration between traditional financial institutions and blockchain innovators, creating new opportunities for partnerships and joint ventures. As more banks adopt digital asset frameworks, the entire ecosystem is likely to see increased liquidity, better risk management, and enhanced cross-border connectivity.

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VI. Synthesis and Industry Insights – A Convergence of Innovation, Efficiency, and Collaboration

A. The Unifying Themes of Today’s Blockchain Developments

The blockchain and cryptocurrency sector continues to thrive on diversity and innovation. Today’s news highlights several unifying themes:

  • Efficiency and Scalability: Innovations that reduce costs and boost speeds are critical to mainstream adoption. The breakthrough in storage cost reduction and transaction speed reinforces the need for scalable solutions.

  • Transparency and Trust: Whether it’s Stellar’s approach to government spending or blockchain’s role in verifying AI-generated content, the emphasis remains on trust and verifiability.

  • Tokenization and Digital Assets: As seen in the backing of the Plume platform, tokenizing traditional assets is opening new avenues for investment, liquidity, and democratization of asset ownership.

  • Integration with Traditional Finance: Taurus’s interbank digital asset network represents the blending of conventional financial systems with advanced blockchain technology, paving the way for a truly integrated financial ecosystem.

  • Collaborative Ecosystems: Strategic partnerships and investment flows—epitomized by Apollo’s backing and venture capital movements—are driving a convergence between startups, established companies, and financial institutions.

B. Editorial Reflections on the Future of Blockchain

From an op-ed perspective, the blockchain industry is at a critical juncture. Technological innovation is proceeding at a breakneck pace, yet challenges remain in scalability, regulatory uncertainty, and mainstream adoption. However, the convergence of various innovations—from efficient blockchain architectures to the tokenization of assets and the integration with artificial intelligence—suggests that the industry is poised for a significant transformation.

Blockchain’s potential to disrupt traditional systems is evident. It is not merely a technology for financial transactions but a platform for building trust and redefining governance across sectors. As the boundaries between blockchain, DeFi, NFTs, and Web3 blur, stakeholders must collaborate, innovate, and adapt to ensure that the benefits of decentralization are realized on a global scale.


VII. Conclusion: Major Takeaways and Future Perspectives

Today’s briefing, “Blocks & Headlines: Today in Blockchain – April 11, 2025,” has taken us through a spectrum of transformative developments. From Stellar’s visionary approach to modernizing government spending to the integration of blockchain in verifying AI-generated content, the tokenization push with Plume, groundbreaking infrastructure improvements, and the advent of interbank digital asset networks—each story offers unique insights into how blockchain is reshaping our digital world.

A. Key Takeaways

  • Government and Blockchain: Stellar’s foray into streamlining public expenditures is a milestone in the adoption of blockchain for transparency and efficiency in governance.

  • Blockchain Meets AI: The partnership of blockchain with AI-generated content underscores the importance of securing digital content and intellectual property in an era of rampant misinformation.

  • Tokenized Assets Rising: The backing of Plume by Apollo emphasizes the increasing mainstream acceptance of tokenization, offering new investment opportunities and more inclusive financial models.

  • Efficiency Gains: Breakthroughs that cut storage costs and boost transaction speeds are critical for scaling blockchain solutions to meet global demands.

  • Traditional Finance Integration: Taurus’s interbank digital asset network is a testament to the growing trend of integrating blockchain technology into conventional banking, heralding a future where digital assets are a core component of financial systems.

B. Strategic Outlook

As the blockchain and cryptocurrency industries mature, the need for robust, efficient, and transparent systems will only become more critical. Investment in technology that enhances scalability and efficiency, combined with a commitment to transparency and trust, will drive the next wave of innovation.

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Stakeholders—from investors to policymakers—must be proactive in embracing these changes. Collaboration, both within the private sector and between the private and public sectors, will be key to harnessing the full potential of blockchain. The innovations featured today are not isolated events but part of a broader movement that is reshaping industries at a fundamental level.

C. Final Reflections

In conclusion, the blockchain revolution is far from over. The developments we discussed today underscore a clear message: technology, innovation, and strategic collaboration are paving the way for a future where blockchain becomes integral not just to finance but to the very fabric of digital society. As we continue to witness rapid advancements and disruptive changes, it is incumbent upon us to remain vigilant, adaptive, and forward-thinking.

The path ahead may be challenging, but it is equally filled with opportunities. The convergence of blockchain with other cutting-edge technologies like AI and the integration of decentralized finance with traditional financial systems signal the beginning of a new era—one that promises a more transparent, efficient, and inclusive global economy.

Thank you for joining us on this deep dive into today’s blockchain news. As the crypto and blockchain landscape continues to evolve, we remain committed to bringing you the latest insights and analyses that empower you to navigate this dynamic ecosystem.

The post Blocks & Headlines: Today in Blockchain – April 11, 2025 (Featuring Stellar, Plume, Taurus, and Apollo) appeared first on News, Events, Advertising Options.

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Blockchain Press Releases

AB Charity Foundation Launches to Pioneer a New Global Model for Public Good Driven by Institutional Trust and Technology

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SINGAPORE, April 11, 2025 /PRNewswire/ — AB Charity Foundation has officially launched its global operations and unveiled its newly upgraded website at www.ab.org, marking the beginning of a public-interest initiative built on institutional credibility and advanced blockchain technology. Headquartered in Ireland with recognized legal status under EU law, the Foundation is positioned as a global nonprofit entity committed to reshaping the future of public trust and sustainable development by bridging governments, civil society, and the tech community.

The Foundation’s governance is led by a distinguished board of directors composed of former heads of state from Europe. The board is chaired by Bertie Ahern, former three-term Prime Minister of Ireland and a key architect of the Good Friday Agreement. Board members include Lawrence Gonzi (former Prime Minister of Malta), Péter Medgyessy (former Prime Minister of Hungary), Danilo Türk (former President of Slovenia), and Petar Stoyanov (former President of Bulgaria).

The Foundation is actively expanding its global advisory board, bringing together respected figures from all five continents—including former presidents, scientists, diplomats, and cultural leaders—to guide strategic planning and foster international collaboration in delivering impactful social initiatives.

At the heart of the Foundation’s mission lies a commitment to public good: advancing global efforts in education, healthcare, environmental protection, and humanitarian aid. The Foundation aims to build a “verifiable model of cooperative goodwill,” powered by transparent governance and next-generation technology. As its founders emphasize, “It is not a specific technology that changes the world—but the shared consensus around trustworthy institutions and global cooperation.”

AB Charity Foundation is technically supported by AB DAO, which provides the blockchain infrastructure underpinning the Foundation’s operations. Through smart contract automation, 15% to 30% of the gas fees from every transaction on the AB public chain are directed into a dedicated charity pool. This mechanism enables a new operational model for charitable funding—combining on-chain fundraising, automated distribution, full-chain auditability, and third-party compliance assurance.

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In addition, 15% to 30% of the returns generated from investments by the AB Ecosystem Fund will also be directed into the Foundation’s pool. The fund has already supported dozens of projects, with more initiatives in the pipeline—strengthening the financial sustainability of the Foundation’s mission.

By leveraging blockchain’s inherent transparency, the Foundation aspires to become a scalable model for next-generation philanthropic infrastructure—ensuring every donation is traceable, every distribution verifiable, and every intention honored.

To follow AB Charity Foundation and support its mission

View original content:https://www.prnewswire.co.uk/news-releases/ab-charity-foundation-launches-to-pioneer-a-new-global-model-for-public-good-driven-by-institutional-trust-and-technology-302426287.html

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Blockchain Press Releases

BingX Xpool Opens 50,000 BABY Reward Pool for USDT Stakers

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PANAMA CITY, April 11, 2025 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is excited to announce the BABY token has been added to its Xpool feature. Starting April 7 at 10:00 (UTC) through April 14 at 10:00 (UTC), BingX users can stake USDT in Xpool to share a total reward pool of 50,000 BABY Points. Participants can redeem BABY Points at a 1:1 ratio for BABY tokens, providing early access to Babylon’s Bitcoin staking protocol without the need to lock actual BTC, ahead of BABY’s official spot listing and perpetual futures trading on April 10.

BABY is the governance and utility token of Babylon, a protocol that allows native Bitcoin staking without bridging or wrapping BTC. The token powers validator delegation, governance functions, and staking incentives. Its addition to X-Pool reflects BingX’s continued focus on providing access to promising early-stage projects through simple and flexible mechanisms.

By staking USDT in Xpool, BingX users gain a passive income opportunity tied to the growth of Bitcoin staking activity on Babylon. This is especially useful for those who want to participate in emerging staking models without the complexity of running nodes or interacting directly with smart contracts. Xpool ensures a streamlined process with no lock-up requirements and real-time reward tracking.

“Our users have been asking for more diverse and meaningful token options in Xpool. With BABY, we are offering them exposure to a unique staking protocol built specifically for Bitcoin holders”, said Vivien Lin, Chief Product Officer of BingX. “You don’t need to be a validator or bridge assets to benefit as you can just stake USDT through Xpool and start earning. It is simple, efficient, and designed with user control in mind.”

Adding BABY to Xpool strengthens BingX’s position as a flexible platform for low-barrier token engagement. The BABY Xpool campaign bridges trending DeFi utilities with a centralized, user-friendly experience to support novel protocols like Babylon while rewarding users who move early.

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About BingX 

Founded in 2018, BingX is a leading crypto exchange, serving over 20 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.

For more information please visit: https://bingx.com/

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Logo – https://mma.prnewswire.com/media/2310183/5263627/BingX_logo_Logo.jpg

 

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