Gracy Chen – Tech | Business | Economy https://techeconomy.ng Tech | Business | Economy Thu, 22 Jan 2026 15:17:28 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png Gracy Chen – Tech | Business | Economy https://techeconomy.ng 32 32 Bitget Outlines Next Phase of Global Trading in UEX Whitepaper https://techeconomy.ng/bitget-outlines-next-phase-of-global-trading-in-uex-whitepaper/ https://techeconomy.ng/bitget-outlines-next-phase-of-global-trading-in-uex-whitepaper/#respond Thu, 22 Jan 2026 11:03:40 +0000 https://techeconomy.ng/?p=174704 Bitget, the world’s largest Universal Exchange (UEX), has released its latest research whitepaper, Bitget Universal Exchange (UEX).

The whitepaper details blueprint for Financial Technologies in Crypto, Stocks, Commodities, and Emerging Markets, setting out a clear vision for how exchanges are evolving beyond crypto-only platforms into unified, multi-asset financial systems.

Authored by Ryan Lee, chief analyst at Bitget Research, and co-authored by Gracy Chen, CEO of Bitget, the paper introduces the Universal Exchange concept as a practical response to the long-standing trade-offs between user experience, asset access, and security.

Rather than treating centralized finance, decentralized finance, and traditional markets as separate worlds, the UEX framework brings them together under a single account, supported by AI-driven execution and a unified risk and security layer.

The whitepaper arrives at a moment when exchanges are rapidly adding Web3 wallets, AI tools, and new asset classes, but often as disconnected features.

Bitget’s research argues that the next phase of competition will not be about adding more products, but about how deeply those products are integrated at the architectural level.

UEX positions Bitget at the forefront of that shift, with live support for on-chain assets, tokenized stock exposure, AI-assisted trading through GetAgent, and a security framework anchored by proof of reserves and a $700 million protection fund.

“Every exchange talks about innovation, but real progress comes when systems start making sense to and for users,” said Gracy Chen, CEO at Bitget. “The UEX is about making markets work together. One account, one experience, and a level of transparency and protection that users can actually trust.”

The paper also places Bitget’s approach in a broader industry context, comparing how leading platforms are progressing across seven dimensions of UEX readiness, from unified accounts to AI execution and on-chain risk controls.

While many exchanges have taken steps toward convergence, the research highlights that full universality requires foundational design choices that are difficult to retrofit later.

According to Ryan Lee, the goal of the whitepaper is to move the conversation away from surface-level features. “The industry has reached a point where adding another wallet or another AI tool is not enough,” Lee said. “What matters is whether these systems actually talk to each other. UEX is our way of showing how that integration can work at scale, across crypto and traditional markets.”

Beyond outlining Bitget’s own implementation, the whitepaper frames UEX as a broader blueprint for the industry, one that exchanges, fintech firms, and even traditional institutions can adapt as tokenized assets and AI-driven trading become more mainstream.

With global estimates projecting tokenized assets to reach trillions of dollars by the end of the decade, the research positions universal exchanges as a natural foundation for that growth.

The Bitget Universal Exchange (UEX) Whitepaper is now available and is intended for traders, institutions, developers, and policymakers seeking a clearer view of where digital and traditional finance are converging next.

The Full UEX Whitepaper is here.

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Bitget Launches Services in Nigeria to Power Fintech Growth, Blockchain Innovation https://techeconomy.ng/bitget-launches-institutional-services-in-nigeria/ https://techeconomy.ng/bitget-launches-institutional-services-in-nigeria/#respond Mon, 14 Jul 2025 19:19:29 +0000 https://techeconomy.ng/?p=163028 In a move set to accelerate blockchain adoption and fintech innovation across Africa, Bitget, a global leader in cryptocurrency exchange and Web3 technologies, has officially launched its institutional services in Nigeria.

This strategic rollout offers Nigerian fintech companies unprecedented access to world-class trading infrastructure, liquidity tools, and white-label crypto solutions, laying the foundation for a new wave of digital finance innovation.

Unlocking the Future of Fintech in Africa’s Largest Digital Economy

With Nigeria’s fintech ecosystem already showing exponential growth in mobile payments, DeFi, and blockchain-enabled services, Bitget’s entry comes at a pivotal moment.

The company’s institutional suite is designed to empower fintech startups and enterprises with scalable, secure, and customizable solutions built on Bitget’s advanced trading architecture.

Gracy Chen, Managing Director of Bitget
Gracy Chen, Managing Director of Bitget

“Our mission is to empower Nigerian fintech leaders to build, scale, and innovate, using blockchain to unlock wealth creation opportunities,” said Gracy Chen, CEO of Bitget.

What the Bitget Institutional Suite Offers

The institutional service package is tailored to meet the unique operational needs of fintech firms and Web3 projects in emerging markets. Key features include:

  • White-label Broker Services: Fintech companies can launch custom-branded crypto exchanges using Bitget’s infrastructure while managing branding and customer relationships independently.
  • API Solutions: Developers can integrate seamless trading experiences into their apps for spot, margin, and derivatives markets, ensuring fast execution and intuitive performance.
  • ND Broker Model: Offers full control over user-facing platforms while leveraging Bitget’s back-end liquidity and market depth.
  • Proof of Reserves & Protection Fund: With over $600 million secured, Bitget’s transparency tools help fintechs build customer trust while ensuring the safety of client assets in volatile market conditions.

These capabilities allow startups to focus on innovation without the burden of building trading platforms from scratch, dramatically reducing costs and accelerating time to market.

A Strategic Catalyst for Nigeria’s Crypto Economy

Bitget’s institutional launch comes as Nigeria solidifies its position as Africa’s digital finance leader. With strong developer communities, a growing population of crypto-savvy users, and widespread mobile adoption, the country is ripe for decentralized financial services.

“Bitget isn’t just offering tools, we’re building strategic partnerships,” Chen explained.
“With our support, local fintechs can now deploy personalized, future-ready financial tools, backed by our global infrastructure and liquidity.”

Beyond Technology: Full-Spectrum Growth Support

Bitget is also offering marketing, branding, and user acquisition support for its Nigerian partners:

  • Campaigns & PR articles to boost visibility
  • Custom trading competitions to drive user engagement
  • Access to Bitget’s global marketing engine for growth at scale

From technical integration to go-to-market execution, Bitget aims to be a growth partner, not just a service provider.

Why It Matters

Bitget’s launch of institutional services in Nigeria:

  • Empowers local fintechs with enterprise-grade crypto infrastructure
  • Supports inclusive financial innovation
  • Drives regional blockchain adoption with trust, compliance, and scale

As the digital economy evolves, Nigeria’s fintech players now have the tools, and the global backing, to shape the future of finance in Africa.

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Gracy Chen: Former TV Host Champions Female Startup Support, Quadruples User Base of Cryptocurrency Exchange https://techeconomy.ng/gracy-chen-former-tv-host-champions-female-startup-support-quadruples-user-base-of-cryptocurrency-exchange/ https://techeconomy.ng/gracy-chen-former-tv-host-champions-female-startup-support-quadruples-user-base-of-cryptocurrency-exchange/#respond Thu, 07 Mar 2024 23:12:58 +0000 https://techeconomy.ng/?p=126781 Gracy Chen, the managing director at leading crypto exchange Bitget, emerged as a true game changer in the once predominantly male-dominated world of cryptocurrencies.

Under her leadership, Bitget has experienced remarkable growth, quadrupling its user base and securing a place among the top four crypto exchanges in terms of derivatives trading volumes.

Gracy’s expertise and unwavering commitment to empowering women have positioned her as a prominent figure in the industry.

As a strong advocate for diversity and inclusion, she actively promotes the involvement of women in the crypto space.

Her dedication to empowering women has not only served as an inspiration to countless individuals but has also paved the way for increased representation and equal opportunities within the market.

Gracy’s significant contributions earned her recognition as a Global Shaper by the World Economic Forum in 2015.

Partnerships With Messi And Juventus

Gracy Chen and Messi
Gracy Chen and Messi

Among her noteworthy achievements, Gracy spearheaded partnership deals with the legendary footballer Leo Messi before the World Cup. Especially during and after the World Cup Qatar 2022 period, Messi helped Bitget better engage its community and expand its reach in the sports space.

The marketing campaign and various activities done with Messi further escalated the brand to gain considerable visibility and trust thanks to the Championship of Argentina team largely contributed by the team captain, Messi.

The collaboration played a big role in raising awareness about digital technologies among young users in Latin America, contributing to better finance literacy.

Gracy Chen and Messi

The Juventus partnership
The Juventus partnership

Partnership with the Juventus Team is another highlight. Collaborating with Juventus players Moise Kean and Wojciech Szczesny, Bitget initiated a charity project in Los Angeles to raise funds for DIY Girls, a non-profit organization dedicated to fostering girls’ interest in STEM education.

This partnership represents a significant milestone in expanding the reach of crypto to a broader female audience and shattering barriers in traditionally male-dominated fields.

Gracy’s dedication to providing women with increased opportunities within the crypto space is evident in Bitget’s workforce composition, where 40% of employees are female. This accomplishment solidifies Bitget’s position as one of the industry’s leading equal-opportunity employers.

Research on Inclusivity and Women’s Engagement

Bitget has been analyzing the women-related market data to find possible gaps and reach better inclusivity.

One of its latest reports delved into the key reasons for the ongoing disparity, identifying that female-led blockchain startup funding is influenced by general investing trends, the overall crypto market situation, and investor bias.

The latter factor is the result of over 90% of the funding going to male-led projects.

Here are some interesting takeaways:

  • Female-led blockchain startups secured only 6% of the overall funding.
  • The number of female-led blockchain startups has fallen by 45.2% since the beginning of 2022 but is already showing a recovery.
  • The share of female-led startups has seen a slight increase from 8.3% in 2022 to 8.6% by Q3 of 2023.
  • Female-led blockchain project funding is more sensitive to negative changes but less sensitive to bullish trends.
  • There is a strong need for incubators capable of nurturing female startups and fostering a more inclusive and encouraging environment for their development.

Incubator Programs And Women Support Initiatives

During the World Economic Forum 2024, Bitget presented the Blockchain4Her initiative aimed at promoting gender diversity and inclusivity in the blockchain industry, with a $10 million commitment.

Key Initiatives of Blockchain4Her:

— Female Entrepreneur Incubation Programs and Pitch Competitions

These programs provide comprehensive support, mentorship, and resources, empowering women to navigate and succeed in the blockchain industry. Blockchain4Her will host pitch competitions for female-founded startups, offering them a platform to showcase their innovations and secure potential investments.

— Women in Blockchain Summit Awards

Blockchain4Her will feature an exclusive experience called the Women in Blockchain Summit Awards, serving as a platform to celebrate and recognize the outstanding achievements of women in the blockchain space.

— Ambassador program

Bitget also invites industry leaders to join as ambassadors for the Blockchain4Her program, supporting gender diversity in blockchain. At present, the Ambassador Program has already attracted many prominent individuals, including Tess Hau, the founder of Tess Ventures, and Bros Hevan, the CEO of Hacken.

Gracy Chen on the screen
Gracy Chen on the set

Killer Whales

Beyond her responsibilities at Bitget, Gracy also is known as a judge on the popular TV show Killer Whales, a program co-created by Hollywood producers. In the show the judges evaluate Web3 and blockchain projects, deciding whether they are worthy of their support.

Killer Whales is the first TV reality show about crypto inspired by the famous Shark Tank program. The show produced by HELLO Labs and TV-producing veteran and creative director of the MTV VMA awards Paul Caslin, and co-produced by CoinMarketCap features an exciting lineup of judges that include the biggest and the boldest industry leaders like Anthony Scaramucci.

The concept replicates the famous TV show Shark Tank but with a twist of crypto, reaching a billion homes through global prime-time television by the end of 2023.

Shot in Hollywood, Los Angeles, the show is broadcast to over 55 countries across the World‘s biggest streaming platforms.

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Bitget Invests $30 million in DeFi Wallet Bitkeep, Gracy Chen Speaks on the Benefits https://techeconomy.ng/bitget-invests-30-million-in-defi-wallet-bitkeep-gracy-chen-speaks-on-the-benefits/ https://techeconomy.ng/bitget-invests-30-million-in-defi-wallet-bitkeep-gracy-chen-speaks-on-the-benefits/#respond Tue, 28 Mar 2023 18:38:35 +0000 https://techeconomy.ng/?p=98609 Bitget, one of the largest crypto exchanges in the world and home to the largest copy trading community, has been in the news for good things. While expanding its footprint into the African continent and launched several programmes such as the reward events to celebrate Spring in March with 1 BTC prize pool, amongst other innovation, Bitget recently made $30 million investment in DeFi Wallet Bitkeep.

In this interview, Gracy Chen explains the value this offers Bitget, and other sundry issues. Excerpt:

Hi Gracy, good to have you here. Can you tell us a bit more about yourself and when did you join Bitget?

Formerly, I was an anchor and producer at the technology and finance channel of Phoenix TV, one of the largest Asian media conglomerates. That’s also around the time that some of my friends (who are famous crypto entrepreneurs and investors today such as He Yi, co-founder of Binance, and Tim Draper, whom I studied from when I was at Draper University) introduced me to the crypto industry. In 2014, I started to invest in cryptocurrencies including BTC, ETH, and XRP, not in huge amounts.

I think people should build portfolios with small percentage investment in crypto according to their own experience and risk-tolerance level. And it’s only since 2017, that I started to invest more in the primary and secondary crypto market. For example, I‘ve been an investor in the early days of BitKeep, Asia’s leading decentralized wallet and Bitget’s sister company.

So in this journey, I have witnessed the brand’s development and growth throughout the years. Hence, I decided to join Bitget in 2022, changing the role from an investor to a builder.

Can you tell us about the recent Bitget investment of $30 million in BitKeep?

The investment is beneficial for both Bitget and BitKeep as they collaborate to connect DeFi and CeFi, leveraging their respective strengths. The integration of BitKeep Wallet with Bitget’s business domain will enhance the exchange’s product offering and expand its business into the wallet sector, providing native storage and asset management services.

Furthermore, BitKeep’s substantial user base of over 8 million in 168 countries will enable Bitget to tap into a new pool of potential clients.

Additionally, BitKeep’s impressive range of services, including access to diverse DeFi protocols and NFT projects across various blockchains, will allow Bitget to transform from a prominent derivative exchange into a comprehensive and holistic exchange with a growing ecosystem, thus delving deeper into the Web3 space.

We have seen you giving speeches in different events talking about Bitget flagship product copy trading. Can you tell us more about Social Trading and how Bitget is helping its users with this innovative product? Do you follow any traders on the platform, any tips you want to share?

With the vision to increase financial independence, we focus on transforming the way people connect and trade with social trading. We believe in the power of social trading and make it our quintessential feature, allowing us to differentiate among exchanges such as Binance and OKX, offering users valuable services.

High barriers to crypto investment hinder its mass adoption. Copy trading with more social interactions will be the key. Launched in May 2020, Bitget is the first crypto exchange to introduce copy trading features. It now supports copy trading in the spot market, futures market, and copy a strategist.

Since its launch, the copy trading feature on Bitget has attracted more than 80,000 elite traders to share their strategies and more than 380,000 followers to copy, making it the largest crypto copy trading platform.

As of Jan 2023, the number of profitable trades through Bitget copy trading is over 47 million, with gains from profitable trades reaching 300 million, and profits shared by elite traders reaching USD 20 million.

“Bitget Insights”, is a new feature on our platform, which makes social trading more accessible to everyone. The feature is acting as a mixture of “social media + trading”, and its curated “lead traders” can post their chart analysis, technical strategies, and articles, to share their insights with followers and help them make smarter financial decisions.

As of Jan 2023, over 500 trading experts are sharing their crypto market insights on the platform with nearly 10,000 posts generated.

In the future, we will continue to bring innovative products and services, providing more trading strategies and skills for our users and helping beginners to learn more about the industry.

Changing topic, in this period it is inevitable to talk about the banking crisis. How do you see this impacting the crypto industry? What would you suggest to all our readers considering that there might be more banks on the verge of collapse?

I think there will be inevitable development in the space after this wave of bank closures. We are living in an increasingly multipolar, interconnected and multicultural world. Since the 1980s, financial institutions and financial markets have no longer been operating within an enclosed geographical space. Instead, we are trading in a global and highly networked business arena. In this financial context, it is not realistic to think that we can continue to rely on siloed and immutable financial systems.

We need flexible, elevated open-source algorithms, time-efficient financial structures that cut settlement times as well as costs, and transactions that are not only frictionless but also borderless.

Digital currencies offer exactly that. So, cryptocurrencies and crypto exchanges have been portrayed as an alternative to traditional banking, but actually we are expanding the financial offerings with the more advanced ecosystem. Most of the traditional banking businesses, such as loans, mortgage and credit cards etc, will still need banks to perform, and crypto exchanges can provide some innovative financial services with its infrastructure.

Bitget did great in 2022 while the market and several crypto companies were collapsing. What’s the secret sauce you have been using to grow rapidly and fast?

The year 2022 was one of the roughest in the crypto industry. The collapse of Terra LUNA, Celsius, and FTX, consequently wiping out over US$2 trillion from the crypto market. Despite the hardships in the market, Bitget grew in all aspects;  the company made great strides in building our team, brand, and business over the last 12 months during the crypto winter.

Some key development areas of the company included:

  1. Climbing the chart ranked as the Top 3 exchange according to the Boston Consulting Group report, in terms of crypto derivative trading volume.
  2. According to the latest TokenInsight report, Bitget’s market share in the derivative market increased from 3% to 11% after the collapse of FTX
  3. Over 300% increase in total transaction volume, with the popularity of copy trading products
  4. The workforce grew from barely 200 people at the beginning of 2022 to over 1300 employees now
  5. Became the exclusive crypto exchange partner with Lionel Messi

Bitget is the first and largest crypto copy trading platform, connecting beginners with professional traders. Launched in May 2020, Bitget now supports copy trading in the spot market, futures market, and copy a strategist. Since its launch, the copy trading feature on Bitget has attracted more than 80,000 elite traders to share their strategies and more than 380,000 followers to copy.

These figures of growth attribute to our endeavors on not only service improvement and product innovation, but also the global expansion and adoption of top-notch security and protection measures.  Previously, the company focused on serving customers from a few Asian countries alone. However, by the end of 2022, the exchange had acquired over 8 million users in more than 100 countries, with footprints in Turkey, Southeast Asia, Latin America, and Europe. Bitget is safeguarding users’ funds on the platform with a series of security policies, including a $300 million Protection Fund, a Fund Custody service, pledged to be fully reserved back by the Merkle Tree Proof of Reserves model.

Can you tell us more about funds security at Bitget? Do you provide any audits?

In Bitget, securing users’ assets on our platform has been our top priority since day one, and we have taken plenty of measures on this end. The first response we have done with FTX’s collapse is to launch a US $5 million builders’ fund to assist affected partners, and increased our Bitget Protection Fund to US $300 million with transparent wallet addresses and guarantee no withdrawal for 3 years. As far as I know, our Protection Fund is the second largest among all CEXs so far.

The next thing we worked on is our Proof-of-Reserves. We have developed a verification tool “Merklevalidator” internally and with free access to open-source codes on GitHub. Not only showing reserve status as a whole in the company, users can also verify their own account’s proof of reserves with the tool, and proving our exchange reserve to users assets is at least on an 1:1 ratio.

Aside from financial measures, Bitget’s team has also been working strenuously on platform security as well. Bitget’s security team adopted measures such as mature risk control systems, advanced security governance, trusted wallet encryption and many more to keep cybersecurity threats under control.

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Bitget Becomes First CEX to Launch Copy Trading in the Spot Market https://techeconomy.ng/bitget-becomes-first-cex-to-launch-copy-trading-in-the-spot-market/ https://techeconomy.ng/bitget-becomes-first-cex-to-launch-copy-trading-in-the-spot-market/#respond Mon, 23 Jan 2023 10:09:12 +0000 https://techeconomy.ng/?p=93640 Leading crypto derivatives exchange, Bitget, has emerged the first exchange to launch copy trading in the spot market.
Bitget new
Source: Bitget 

As the first exchange for offering copy trading for derivatives in 2020, Bitget has honed its highly liquid, highly innovative flagship product, One-Click Copy Trade, to deliver a similarly intuitive experience for spot traders in 2023.

ALSO READ: Bitget Launches Fund Custody Service with Dedicated Wallet to Elevate Safety

Copy trading provides a good starting point for beginners to shadow their trading portfolio with a more experienced trader and increase their chance of profitability. Also, users are entitled to more transparency and flexibility as the feature discloses details about the traders’ ROI, buy and sell time, portfolio, and track records, as well as offering the users to set up Maximum Investment, Stop Loss and Take Profit options.

One-Click Copy Trade is Bitget’s flagship product, simplifying trading for beginners by allowing them to copy sophisticated futures trading strategies with minimal effort. As of December 2022, the company’s One-Click Copy Trade in the futures market has accumulated over 80,000 traders and 338,000 followers.

The newly launched Copy Trading feature in the spot market aims to provide a seamless and convenient experience by giving users the option to copy trading strategies and own the cryptocurrency in their wallet.

Users can view trader profiles provided by the platform to choose their preferred trader to follow, based on their P&L, trader ranking, and portfolio as recorded in the system. One-Click Copy Trade is a win-win solution as followers’ trades will be automatically executed with the subscribed traders’ orders after subscription and a profit share percentage will only be charged when a profit arises from the trades.

The feature also offers a passive income stream for successful and experienced traders to further increase their yield.

Gracy Chen, Managing Director of Bitget, says, “Bitget was the first exchange for offering copy trading in the crypto futures market in 2020, and ever since, our One-Click Copy Trade has always been a featured product in the company. The product’s success has been proven by the numbers and helped Bitget become the largest crypto copy trading platform. We are proud to extend the product to the spot market, as this will further expand our audience base and offerings for social trading, as well as solidify our leading position in the crypto space.”

“Bitget has been dedicated to providing users with the best possible social trading experience. In addition to perfecting our product offerings, Bitget also rolled out a multitude of safety and protection measures, including Fund Custody, Merkle tree Proof of Reserves, and Bitget’s US$300 million Protection Fund during the crypto winter, in order to safeguard and protect the users’ funds on our platform.”

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Bitget Surpasses FTX, Ranks Third Globally in Derivatives Trading Volume – BCG Report https://techeconomy.ng/bitget-surpasses-ftx-ranks-third-globally-in-derivatives-trading-volume-bcg-report/ https://techeconomy.ng/bitget-surpasses-ftx-ranks-third-globally-in-derivatives-trading-volume-bcg-report/#comments Thu, 01 Sep 2022 10:52:47 +0000 https://techeconomy.ng/?p=82576 As the overall crypto market continued to face volatility and negative tailwinds, many crypto operators suffered, while many of its users also had to bear the brunt of the situation, facing issues such as withdrawal freeze.

Benefiting from a solid foundation and a dedicated leadership team, Bitget, the leading global derivatives exchange, has continued to record tremendous growth and generate strong and recurring cash flow despite uncertain market conditions.

https://techeconomy.ng/2022/07/bitget-to-double-global-workforce-despite-crypto-winter/

In a recent research report issued in collaboration with Boston Consulting Group (BCG) and Foresight Ventures, titled “What Does the Future Hold for Crypto Exchanges”, unveils substantial development trends in crypto trading markets, its role on enabling the Web3 economy and shares insights on how to navigate the crypto space during a bear market.

It was also noted that Bitget’s derivatives trading volume has exceeded that of FTX, ranking third globally.

Moreover, as quoted in the report, since its global expansion in 2021, Bitget has since grown rapidly, and captured 10% of the total global derivatives volume, predominantly due to the popularity of its flagship social trading products, most notably the One-Click Copy Trade product.

Since its launch in May 2020, Bitget’s flagship product, One-Click Copy Trade, has broken the mould of trading patterns in the crypto market, bridging the gap between traders from all corners of the world, in addition to elite traders and their fans.

Bitget surpasses FTX
BCG report

Thus, a social trading pattern has been forged into Bitget’s core, where followers and traders can interact without boundaries and carve their own interconnected path to financial freedom.

To date, Bitget’s One-Click Copy Trade has amassed over 55,000 professional traders, with approximately 1.1 million followers. As noted in the report, derivative markets are dominated by offshore exchanges with Bitget as one of the leading players in Korea due to its popular one-click copy trading feature among traders in the region.

Most recently, Bitget also announced the launch of the US$200 million Bitget Protection Fund, as part of its continued efforts in prioritising security, ensuring its users’ assets are safeguarded. The Bitget Protection Fund was created with the goal to provide unparalleled security and to ensure a secure and safe trading experience for users around the world. The fund will ultimately act as a safeguard for Bitget users and the Bitget trading platform, while also helping to usher in a new era of safety and protection in the crypto space as a whole.

Bitget P2P trading - buy and sell crypto
Bitget – buy and sell crypto

Gracy Chen, the Managing Director of Bitget, said, “We are extremely proud of how far Bitget has come. To be able to surpass some of the leading market players is a testament to the dedicated contribution of the Bitget family.  In the beginning of 2021, we had a small team of 150, and have since achieved a threefold increase in mid 2022. To cater to a burgeoning growth, we recently announced the acceleration of our hiring plan. As we continued to expand our product and service offerings, we also took the effort to ensure our users had a safe and secure trading experience. We look forward to reaching many more milestones in the years to come, with the support of our trusted traders and partners across the globe.”

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Bitget to Double Global Workforce Despite Crypto Winter https://techeconomy.ng/bitget-to-double-global-workforce-despite-crypto-winter/ https://techeconomy.ng/bitget-to-double-global-workforce-despite-crypto-winter/#comments Sun, 03 Jul 2022 18:48:17 +0000 https://techeconomy.ng/?p=77916 Bitget, a leading global digital-asset trading platform, is slated to double its workforce to reach 1,000 headcounts in the next six months despite the current market downturn.

Since the beginning of the second quarter of 2022, the overall crypto market has been on a downward trend, which cut short a lot of projects and initiatives that were ongoing in the space. Amidst the volatility of the market, negative market sentiments also led to headcount reductions in various global crypto operators, spurred by rapidly changing economic conditions, as well as over-hiring and misplacement of resources.

Bitget, the leading global derivatives exchange has been experiencing tremendous growth and generating strong and recurring cash flow despite uncertain market conditions. Such market sentiments have not deterred the platform from enhancing its offerings and ensuring the rapidly increasing needs of users are met. At the beginning of 2021, Bitget had a small team of 150 and has since achieved a threefold increase in mid-2022. To cater to burgeoning growth, Bitget will be accelerating its hiring plan to pave way for the new developments to come.

Commenting on the recent situation, Gracy Chen, Managing Director of Bitget, commented, “With a presence in over 50 countries around the world, Bitget has also been growing at an unprecedented pace. Earlier this year, we announced our derivatives trading volume had reached an all-time high of $8.69 billion in March 2022. In the last 12 months, our trading volume grew by over 10 times, a notable achievement unlocked, moreover, our user base also grew significantly to two million users worldwide.”

She continued to add, “Of course, we were also eager to expand our team to cater to the rapidly growing market needs, however, we decided to adopt a more prudent approach right from the get-go.

By scheduling frequent meetings with our global and regional teams to understand where resources are needed, we were able to systematically and effectively carry out strategic hires. We want to solidify our operations in each region, recruit localised hires, covering operations, product development, and customer service, etc.

As we continue to endure the crypto winter, it will be a perfect opportunity for us to attract talent in the market and strengthen our foundation, prioritise growth, and be prepared to welcome the next round of crypto adoption when the market regains strength.”

Moving forward, Bitget aims to expand its global workforce to 1,000, equivalent to about 500 new hires by the end of the year, mostly in the product development and customer service fields. As a global crypto operator, it is essential for periodical updates to ensure the platform is operating smoothly and most importantly, compliant and safe from hackers and viruses. Moreover, with product innovation as a guiding principle at Bitget, proven most meaningfully through its flagship product under the Social Trading concept – One-Click Copy Trade, the product development team will be crucial in supporting the expansion of offerings at Bitget.

Sandra Lou, CEO of Bitget, concluded by saying, “We have recorded tremendous growth in the past year, and Bitget is now ranked top 5 globally in terms of derivatives trading in a short amount of time. Adhering closely to our motto of ‘Better Trading, Better Life’, we will uphold the commitment we made to our community, and ensure our developments are abreast with industry standards as we strive to deliver a top-notch experience to our traders. We look forward to strengthening our workforce so that we can cater to growing market needs and prepare for the next bull run.”

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Bitget Lists Revoland on its Launchpad – First Blockchain Game on Huawei Cloud https://techeconomy.ng/bitget-lists-revoland-on-its-launchpad-first-blockchain-game-on-huawei-cloud/ https://techeconomy.ng/bitget-lists-revoland-on-its-launchpad-first-blockchain-game-on-huawei-cloud/#respond Sat, 11 Jun 2022 07:51:16 +0000 https://techeconomy.ng/?p=76168 Leading global derivatives exchange – Bitget, has announced the IEO of Revoland, the first blockchain-based multiplayer online battle arena (MOBA) game on Huawei Cloud, on its global platform spanning 50 countries and more than two million users.

Subscriptions for Revoland will be open from June 13, 2022, 11:00 (UTC) to June 18, 2022, 11:00 (UTC) and its native token REVO will be available to trade on June 20, 2022, at 15:00 (UTC).

Play-to-earn (P2E) games have experienced a burgeoning growth recently, especially during the pandemic when it presented itself as an opportunity for many to turn to as a source of income.

As reported by Nasdaq, the P2E gaming industry was worth over $90 billion in 2020 and is expected to reach $256.97 billion by 2025.

It is a phenomenon that reinvented the video game industry with the added support from blockchain and decentralised systems.

The idea of being able to leverage a traditional hobby like online gaming to the possibility of earning an income from that, is just another example of how crypto and blockchain have enhanced existing establishments in the physical world and continue to improve the lives of its users.

Based on the Binance and Abey smart chains, Revoland is a P2E game developed by Chain X Game (CXG), a London-based metaverse game development company focused on bringing forward the next generation of blockchain games.

Revoland’s gameplay is designed to revolve around the combination of your personal skills and teamwork and has already attracted over $10 million in investment.

By integrating the concept of highly popular traditional mobile games into crypto, it adds a variety to gameplay with the added benefit of allowing participants to reap financial benefits at the same time.

Gracy Chen, MD of Bitget
Gracy Chen, MD of Bitget

Commenting on the partnership, Gracy Chen, Managing Director of Bitget, said, “We look forward to listing Revoland on Bitget, as we work together to create a Web3-powered community, and expand offerings available to Bitget’s valuable users. While gaming is not a new concept, it has certainly experienced its breakthrough moment and made an impact following the integration of blockchain. Web2 gamers spend about $40 billion a year on virtual goods, but users don’t really own the items, the companies do. With GameFi and NFT, users can have true ownership. We see many groundbreaking games that have started a new wave of Web3 game development and attracted millions of users. We welcome like-minded organisations with innovative projects to reach out and build partnerships with us as we continue to lead the blockchain movement.”

Bitget’s Launchpad provides an exclusive opportunity for its users to get early access to projects with high potential in the space. Since its inception, various projects were launched and were met with positive feedback within the community.

The Launchpad will continue to be a crucial focus of Bitget to continue its dedication to the larger development of crypto and blockchain.

Established in 2018, Bitget is one of the world’s leading cryptocurrency exchanges. Currently serving over two million users in more than 50 countries around the world, Bitget accelerated its mission to promote decentralised finance in 2021 with a 500-strong workforce spanning over 20 countries.

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