Analysts: Bitget's withdrawal process may indirectly encourage self-conversion to BTC, with speculation that on-platform BTC may see a slight premium.
On-chain analyst Ai Yi announced that Bitget has published its withdrawal plan, resuming phased withdrawals starting at 16:00 on September 28 in the order of BTC, ETH, USD, and other tokens. Analysts note that since the protection funds consist entirely of BTC, this indirectly encourages users eager to withdraw to convert their tokens to BTC independently, allowing the platform to bypass the token-selling step to cover payouts. It remains to be seen whether a slight premium for BTC will develop within the exchange.