Bitget Token (BGB) jumps after MEXC announces listing

• Bitget will list MX Token (MX) while MEXC will add Bitget Token (BGB).
• Both listings will be on July 31, with trading pairs BGB/USDT and MX/USDT.

Bitget Token (BGB), the utility token of crypto exchange Bitget, will be listed on MEXC Global on July 31, the exchanges announced on Friday.

MEXC will list the Bitget token in the Innovation Zone and has opened deposits for BGB. Initial supported pair will be BGB/USDT, with trading set for Monday, July 31 at 10:00 UTC. Withdrawals will be available from August 1, 2023 at 10:00 UTC, the exchange noted

🚨#MEXC new listings alert!

📈 $BGB/USDT will list in the Innovation Zone at 10:00 on Jul 31 (UTC). @bitgetglobal

🔹Deposit: Opened
🔹Withdrawal: Aug 1, 10:00 (UTC)

Details: https://t.co/UnY4C1Br41 pic.twitter.com/KdGI31hvNK

— MEXC (@MEXC_Official) July 28, 2023

As MEXC lists BGB, Bitget will also be adding trading support for MX Token (MX), the native utility token of the MEXC Global exchange. The simultaneous listing will go live on July 31, with MX/USDT added to the Platform Token Zone.

🆕 Spot New Listing!#Bitget is listing $MX/USDT on July 31, 10 AM UTC in Platform Token Zone. @MEXC_Official

Don’t miss the new round of Super Airdrop with $3,000 worth of $MX up for grabs!

✅ Deposit is now open

Listing Info: https://t.co/T60D2WVSKp pic.twitter.com/yXDNBksmZN

— Bitget (@bitgetglobal) July 28, 2023

BGB price jumped more than 4% following the listing news, with the utility token’s value reaching an intraday high of $0.46. This isn’t far from the all-time high for BGB/USD, which was $0.51 reached in February this year.

Bitget launched an updated version of its token in July 2021. It is used as a form of payment in the exchange platform’s ecosystem, and can be staked or for discounts on trading fees.