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• MEXC Global and Bitget announced that BGB/USDT and MX/USDT trading pairs will be added on July 31.
• Both exchanges will open deposits for the respective tokens ahead of the launch.
• The listing news sent the value of BGB to an intraday high of $0.46, close to its all-time high of $0.51.

MEXC and Bitget Announce Listing of BGB and MX Tokens

MEXC Global and crypto exchange Bitget have announced that they will list Bitget Token (BGB) on MEXC Global while adding MX Token (MX) to the Platform Token Zone on Bitget, both with USDT trading pairs launching on July 31.

Deposits Open Ahead of Launch

Deposits for both tokens are now open ahead of their respective launches, with trading for BGB/USDT beginning at 10:00 UTC on Monday, July 31st and MX/USDT following shortly after at 10:00 UTC on the same day. Withdrawals for BGB will be available from August 1st at 10:00 UTC.

Bitget Token Reaches Intraday High Following News

Following the news of its listing, Bitget Token jumped more than 4% in value reaching an intraday high of $0.46 – not far from its all-time high against USDT which was reached in February this year ($0.51).

What is Bitget Token?

The utility token of crypto exchange Bitget, BGB is used as a form of payment within the exchange platform’s ecosystem and can be staked or used to get discounts on trading fees. The token was launched in July 2021 when it underwent an updated version release.

Conclusion

With both exchanges opening deposits for their respective tokens ahead of their launches, traders should keep an eye out as these new listings may bring about exciting new opportunities come Monday’s launch date.