Bitget adds daily Bitcoin rewards to BGBTC

Bitget has upgraded its Bitcoin-backed BGBTC asset with daily BTC-denominated rewards, cross-chain transfers through Chainlink CCIP, and independent oversight from Gauntlet. Summary BGBTC holders will receive daily rewards denominated in Bitcoin following the upgrade. Chainlink CCIP will serve as BGBTC’s canonical cross-chain infrastructure. Gauntlet will independently oversee the asset’s underlying yield strategies. BGBTC remains backed by Bitcoin at a 1:1 ratio, according to Bitget. Bitget adds daily Bitcoin rewards to BGBTC Bitget said the upgraded BGBTC will distribute daily rewards denominated in BTC to token holders. The asset is designed to maintain a 1:1 peg with Bitcoin while allowing users to earn yield without selling their underlying exposure. BGBTC just got a major upgrade. Backed 1:1 by BTC, it now offers daily BTC rewards, fast redemption at scale, and utility across trading, margin, loans, Launchpool, and PoolX.— Bitget (@bitget) July 31, 2026 The exchange is positioning BGBTC as an alternative to holding idle Bitcoin or moving BTC into separate yield strategies. Those strategies can require users to transfer assets between platforms, manage additional protocols, or...