Bitget, a leading cryptocurrency exchange, has announced the temporary suspension of withdrawal services for three blockchain networks: COOKIE-BASE, COMAI-COMAI, and FUEL-ERC20, effective from today, December 29, 2024 (UTC+8).
This suspension is part of Bitget’s efforts to enhance the overall trading experience for users. The exchange clarified that trading on these networks will not be affected during this period, meaning users can still buy and sell cryptocurrencies. However, withdrawals on these specific networks will not be processed until further notice.
COOKIE-BASE is a blockchain network designed to facilitate faster and more cost-efficient transactions. It is commonly used by decentralized applications (dApps) and various services within the cryptocurrency space. COMAI-COMAI, another blockchain network, supports DeFi applications, allowing users to engage in secure digital asset trading and management. FUEL-ERC20 is a token standard built on the Ethereum blockchain, widely used for compatibility with various platforms and applications in the crypto ecosystem.
Bitget assured users that they will be informed when withdrawal services resume on these networks. The exchange will provide updates through official channels, including announcements and community platforms. The exchange apologized for any inconvenience caused by this temporary disruption and urged users to follow official communications for the latest updates.
This development comes on the heels of Bitget’s strategic partnership with Fiat24, a Swiss-regulated fintech firm. The collaboration focuses on developing PayFi solutions for Ethereum (ETH), Bitget Token (BGB), and stablecoins like USD Coin (USDC). The goal is to bridge traditional and decentralized financial systems with secure, low-fee payments. Bitget’s Bitget Pay and Bitget Card allow users to convert crypto into fiat for real-world transactions. Fiat24 offers a crypto-friendly offshore bank account and Mastercard debit card in 65 regions, ensuring security through its blockchain-powered platform.
In addition, Bitget has teamed up with Solayer to launch a liquid staking service for Solana (SOL). The new offering allows users to stake SOL tokens through BGSOL, a liquid staking token, providing the flexibility to earn rewards while maintaining liquidity. This enables participation in decentralized finance (DeFi) activities such as trading and lending. “With BGSOL, we’re offering users a versatile financial solution, unlocking fresh opportunities within the DeFi ecosystem,” said Bitget CEO Chen.
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