Bitget Wallet has launched a 1M BGB staking pool with 5% APY. Intae Song has returned as CSO to boost Bitget’s futures trading. Buhayin partnership brings PayFi and inclusion to Siargao.

Bitget Wallet, a prominent crypto wallet, has unveiled an exciting opportunity for its users with the launch of a 1 million BGB staking pool, offering a fixed 5% annual percentage yield (APY).

This new initiative, announced on March 12, 2025, expands the utility of the Bitget Token (BGB) within its onchain ecosystem, allowing users to earn passive income securely while retaining full control over their assets.

Trading too risky for you? Stake your $BGB for stable yields instead 💪 @bitgetglobal

Our 1M BGB staking pool is now live:
🔹 5% APY stable returns
🔹 90-day lock-up
🔹 Max stake/user: 2000 BGB

🚨 Limited to 1M BGB—stake now before it fills up 👇 pic.twitter.com/xJ84Jl5PTC

— Bitget Wallet 🩵 (@BitgetWallet) March 12, 2025

Accessible through the finance section of the Bitget Wallet app, the staking program features a 90-day lock-up period and caps individual stakes at 2,000 BGB. It also features real-time earnings updates and a first-come, first-served allocation.

The staking pool enhances BGB’s role beyond just a financial instrument, integrating it deeper into Bitget Wallet’s offerings. Users can leverage BGB for decentralized trading, payments, and even covering gas fees across multiple blockchains, eliminating the hassle of managing separate gas tokens.

Staking also opens doors to rewards and project airdrops, while VIP holders gain exclusive perks within the expanding PayFi ecosystem, blending decentralized finance (DeFi) with real-world spending.

Alvin Kan, Bitget Wallet’s COO, emphasized the company’s commitment to broadening BGB’s use cases, stating, “We aim to make decentralized finance more accessible and rewarding for all users.”

With over 60 million users and support for 100+ blockchains, Bitget Wallet continues to solidify its position as a Web3 powerhouse.

Adding to its momentum, Bitget Wallet has partnered with Buhayin, a Philippines-based advocacy agency, to drive financial and digital inclusion in Siargao. Kicking off during Buhayin’s Kapit-Isla Siargao fiesta from March 12 to 16, 2025, this collaboration introduced blockchain-based financial tools and digital literacy programs to local businesses and residents.

A highlight of the partnership is the launch of PayFi, a payment system enabling Siargao merchants to accept stablecoins and digital assets instantly, catering to tourists, digital nomads, and crypto enthusiasts.

Justin Wee, Buhayin’s founder, underscored the initiative’s goal of fostering economic resilience, while Kan highlighted blockchain’s potential to bridge economic gaps. Plans are already underway to expand this model to Dumaguete in July, signaling a broader vision for underserved island communities.

In parallel, Bitget has appointed Intae Song as its Chief Sales Officer (CSO) to bolster its futures trading dominance.

Song, a veteran of the crypto space since 2017, rejoined the company in this role after serving as Head of Sales from 2020 to 2023 and later as a Business Partner. His return aligns with Bitget’s ambition to enhance institutional-grade trading solutions and risk management tools, particularly in the futures market—a key pillar of the exchange’s growth.

CEO Gracy Chen hailed Song’s past contributions, noting his pivotal role in scaling the platform, which now boasts over 100 million users across 150+ countries. Song himself expressed confidence in elevating Bitget’s futures offerings, aiming to cement its leadership in this competitive sector.

Bitget’s multifaceted growth—from staking innovations and strategic hires to global partnerships and sports sponsorships like its LALIGA deal—paints a picture of a company on the rise.

With Song steering its futures trading, the Siargao initiative expanding its reach, and the new staking pool boosting BGB’s appeal, Bitget is positioning itself as a leader in both crypto trading and Web3 accessibility.

The post Bitget wallet launches 1M BGB staking pool with 5% fixed APY appeared first on CoinJournal.

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