Bitget Lists Taiko on PoolX for Staking Opportunities

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by Giorgi Kostiuk

2 years ago

Made with AI

Bitget, a prominent global cryptocurrency exchange, has announced the addition of Taiko (TAIKO) to its innovative PoolX staking platform. This strategic move expands Bitget's staking offerings, providing investors with the opportunity to earn rewards for popular tokens. Unlike traditional DeFi staking products, PoolX allows users to earn rewards on sought-after tokens by utilizing stable assets such as USDT and BGB (Bitget’s native token), reducing volatility risks. Launched in April 2024, PoolX has become a leading staking platform, hosting over 20 projects and creating a diverse environment for investors.

Bitget's decision to list Taiko on PoolX is based on the project's strong financial foundation of $37 million in funding and its development of an EVM-equivalent zk rollup Layer 2 network. This technical advancement offers the potential for faster transactions and reduced fees, benefiting developers and users alike. Gracy Chen, the CEO of Bitget, expressed excitement about welcoming Taiko to the PoolX platform. The project's community engagement and upcoming mainnet launch have generated anticipation in the crypto space.

Founded in 2018, Bitget is a leading cryptocurrency exchange and Web3 company, serving millions of users globally. Bitget offers innovative trading solutions, including a copy trading feature, to help users trade intelligently. Bitget Wallet, formerly BitKeep, is a top-tier multi-chain crypto wallet with various Web3 solutions like wallet functionality, NFT Marketplace, DApp browser, and more. Through strategic partnerships with figures like Lionel Messi, Bitget aims to promote cryptocurrency adoption among individuals. For media inquiries, contact media@bitget.com.

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