Bitget extends its Simple Earn promotion until November 6, offering yields up to 15% annually on selected cryptocurrencies.
Crypto exchange Bitget has announced the extension of its Simple Earn promotion until November 6. This program, now including Bitcoin (BTC), Ethereum (ETH), and tokenized gold (XAUT), offers annual yields ranging from 8% for USDT and USDC to as high as 15% for VIP clients holding XAUT, as per a recent press release.
Additionally, Bitget has introduced enhanced rates for its Cash+ product, providing a maximum yield of up to 12% annually, alongside special campaigns for its VIP users featuring BGSOL and BGBTC tokens.
USDGO, a stablecoin from Hong Kong’s OSL Group, is backed 1:1 by US dollars and high-liquid assets and is issued by Anchorage Digital Bank.
The attractive Simple Earn rates apply to flexible products, allowing users to withdraw their funds without locking them in. Interest is calculated hourly and is tiered based on the deposit amount:
- USDGO: 10% for deposits up to $100,000; 8.5% for $100,000 to $1 million; and 5.5% for $1 million to $10 million.
- USDT, USDC: 8% for up to $300,000; and 4% for deposits over that limit.
- BTC: 1% for up to 5 BTC; 0.6% for 5 to 20 BTC.
- ETH: 4.5% for up to 100 ETH; 3% for 100 to 1,000 ETH.
- XAUT (VIP): 15% for up to 0.1 XAUT; 3.5% for 0.1 to 1,000 XAUT.
Cash+ is designed for earning on idle stablecoins, where users deposit USDT or USDC to receive Cash+ tokens at a 1:1 ratio. The funds are mainly converted into USDGO, generating returns from the assets backing the stablecoin. There are no lock-up periods, and withdrawals can be made instantly.
Currently offering a base floating rate of 4%, Cash+ users can earn additional bonuses until November 6, including up to 4% for new funds transferred after October 9 and 2% to 4% based on the volume of futures positions maintained.
VIP users benefit from enhanced rates, including the 15% offer on XAUT, and exclusive opportunities such as:
- BGSOL: A token providing staking rewards on Solana, potentially yielding around 5% annually, with an additional 4% for increased investments.
- BGBTC: A Bitget token pegged to Bitcoin, offering approximately 1.7% annually, with limited purchases available to VIP clients, further incentivized based on their Bitcoin deposits.
Participation in these promotional offers requires users to complete identity verification, with complete terms available on the Bitget website. Users' funds in Simple Earn and Cash+ also contribute to the Bitget Alliance program.
As a reminder, until October 26, Bitget will allocate 30% of its net trading fee income to rewards, a program launched following a recent hack of hot wallets in late September.
