Bitget Adds Towns Protocol (TOWNS) to Innovation Zone for Spot Trading

Bitget, a leading cryptocurrency exchange and Web3 company, has added Towns Protocol (TOWNS) to its Innovation Zone for spot trading, marking a strategic move to enhance its decentralized communication infrastructure offerings [1]. Trading for the TOWNS/USDT pair commenced on 5 August 2025 at 14:30 UTC, with withdrawal functionality becoming available on 6 August 2025 at 15:30 UTC [1]. This addition aligns with Bitget’s ongoing strategy to diversify its asset portfolio and support emerging blockchain protocols.

Towns Protocol is designed as a decentralized infrastructure for real-time messaging applications, functioning as a communication layer for Web3. Built on an EVM-compatible Layer 2 chain with smart contracts deployed on Base, the protocol integrates off-chain stream nodes with on-chain logic to create fully programmable and permissionless communication experiences known as “Spaces” [1]. These Spaces offer features such as on-chain memberships, a flexible reputation system, and end-to-end encryption, enabling users to create and customize their own social environments.

The protocol generates revenue through fees from membership sales, trading, and tips between users. These fees, collected in ETH, are used to offset the rewards distributed to node operators via a programmatic buy-and-burn mechanism [1]. By listing TOWNS, Bitget is reinforcing its position as a platform that connects users to innovative blockchain ecosystems, including Ethereum, Base, and TON [1].

Established in 2018, Bitget serves over 120 million users across 150+ countries and regions. It is known for its copy trading feature, a non-custodial crypto wallet, and a multi-chain ecosystem that supports staking, payments, and access to over 20,000 decentralized applications (DApps) [1]. The platform has also formed strategic partnerships with major global entities, including its role as the Official Crypto Partner of LALIGA in several international markets and a collaboration with UNICEF to promote blockchain education.

The listing of TOWNS follows its earlier availability on Binance, indicating growing interest in the protocol and its potential as a decentralized communication infrastructure [5]. This cross-platform presence may contribute to increased liquidity and visibility for the token, potentially attracting a broader user base of traders and developers.

Analysts highlight that decentralized communication networks represent a significant development in the evolution of on-chain social interaction and community monetization [1]. By supporting protocols like TOWNS, exchanges such as Bitget are positioning themselves at the forefront of this trend, enabling users to engage with the next generation of digital communication infrastructure.

Users interested in trading TOWNS can access the pair through Bitget’s Innovation Zone, with further information available via the exchange’s official resources [1]. As with all digital assets, investors are encouraged to conduct thorough due diligence and be mindful of the inherent volatility in cryptocurrency markets [1].

Source:

[1] Bitget Lists Towns Protocol (TOWNS) for Spot Trading, Benzinga (https://www.benzinga.com/pressreleases/25/08/46846911/bitget-lists-towns-protocol-towns-for-spot-trading)

[5] Towns (TOWNS) Will be Listed on Binance HODLer Airdrops, NFT Evening (https://nftevening.com/towns-list-binance/)