Bitget Wallet Mitigates Memecoin Volatility with Trading Rebates on BNB Chain

/EIN News/ -- VICTORIA, Seychelles, Feb. 28, 2025 (GLOBE NEWSWIRE) -- Bitget Wallet, a leading Web3 non-custodial wallet, has introduced a trading rebate program for meme coin transactions on BNB Chain, responding to increased market volatility and investor participation in the sector. As BNB Chain emerges as a major hub for meme coin trading, price fluctuations remain a key concern. The initiative aims to provide risk mitigation measures to help traders navigate these highly volatile assets.

Running from February 20 to March 5, 2025, the rebate program offers compensation of up to 250 USDT per transaction for traders whose losses exceed 50% of their principal investment when trading BNB Chain-supported tokens via Bitget Wallet Swap. The program is designed to address the risks associated with meme coin speculation by providing a temporary safety net during this period of heightened market activity.

Beyond the rebate, Bitget Wallet provides key tools to enhance decision-making and execution in meme coin trading. MemeX helps users discover new tokens early, offering insights into emerging opportunities. Instant Swap Mode ensures fast execution, reducing slippage and failed trades during volatility. Cross-Chain Swaps enable seamless transfers from other networks such as Ethereum and Solana into BNB Chain tokens, simplifying fund movement. Limit orders let traders automate buy and sell strategies, capturing market movements without constant monitoring. Additionally, the GetGas gas account allows users to pay transaction fees with USDT, USDC, ETH, or BGB, eliminating the need to hold BNB for gas fees and streamlining the trading process.

The surge in meme coin activity underscores a broader shift in on-chain trading dynamics, where speculative assets are driving retail engagement. However, the high volatility presents challenges for traders seeking sustainable market participation. By introducing risk-mitigation mechanisms alongside trading infrastructure, Bitget Wallet's approach reflects a growing emphasis on risk-managed trading experiences within decentralized finance (DeFi).

"As meme coin trading continues to evolve, balancing accessibility with risk management remains a key consideration," said Alvin Kan, COO of Bitget Wallet. "This initiative is part of our ongoing efforts to provide traders with more structured tools and protections to navigate the rapidly changing Web3 market with greater confidence."

For more details, please visit Bitget Wallet blog.

About Bitget Wallet
Bitget Wallet is the home of Web3, uniting endless possibilities in one non-custodial wallet. With over 60 million users, it offers comprehensive onchain services, including asset management, instant swaps, rewards, staking, trading tools, live market data, a DApp browser, an NFT marketplace and crypto payment. Supporting over 100 blockchains, 20,000+ DApps, and 500,000+ tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges, along with a $300+ million protection fund to ensure safety of users' assets. Experience Bitget Wallet Lite to start a Web3 journey.

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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8ba64e90-5b41-4e32-bafa-baaa30b72c17