Dear BIT Users,

BIT is joining Liquid Collective as the first exchange to offer an LsETH/USDT spot trading pair. This collaboration will enable retail users to trade, transfer, and hold the liquid staking token, thereby expanding the Liquid Collective’s ecosystem.
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By listing LsETH, BIT allows its users to earn ETH network rewards without sacrificing liquidity. Simply holding LsETH on BIT will accrue ETH network rewards daily, providing a seamless staking experience. Hence, simplifying the way you trade.

What are the benefits of LsETH with BIT?

What is LsETH?
​LsETH, or Liquid Staked ETH, is a token generated when Ethereum (ETH) is staked through Liquid Collective’s liquid staking protocol. It serves as a receipt token for staked ETH, representing ownership of the staked ETH and any accrued network rewards, minus fees or penalties. LsETH is based on the Ethereum ERC-20 token model, and the conversion rate of LsETH fluctuates to reflect the value of accrued rewards and penalties. This allows stakers to maintain liquidity and utilise their staked assets in decentralised finance.
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About Liquid Collective
​Liquid Collective is the trusted and secure liquid staking standard: a distributed protocol designed to meet the needs of enterprises, built and supported by a broad and dispersed collective of industry leaders.
​To learn more about LsETH, click here.

​Risk warning

Trading in cryptocurrencies comes with high risk due to price volatility. Please make sure you understand all the related risks of cryptocurrency trading, be prudent in your decisions, and trade cautiously. BIT will not be responsible for your trading losses.
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Here at BIT, we strive to provide you with the best trading experience.
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Download APP now.

Thank you for your support!

BIT Team

June 4, 2024
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