In the middle of cryptowinter, the market is bearish and volatility is at its height. Many operators and their users pay the price, especially as withdrawals are stopped. Yet, despite the chaos, the dedicated team at Bitgate managed to steer the exchange boat to its destination. Despite the uncertain market conditions it recorded phenomenal growth and generated strong and recurring cash flows.
“What does the future hold for crypto exchanges? »
A research reportWhat the future holds for crypto exchanges(“What the Future Holds for Crypto Exchanges”) was recently published in collaboration with Boston Consulting Group (BCG) and Foresight Ventures. It uncovers important trends in the development of the cryptocurrency exchange market, their role in shaping the Web3 economy, and offers some ideas for surviving a bear market.
The report also stated that Bitgate surpassed FTX to rank third in global derivatives trading volume. In fact, since its global expansion in 2021, Bitget has grown rapidly and captured 10% of total global derivatives volume, primarily due to the popularity of its flagship social trading product with one-click copy trades.
Social Business: The Future of Investment?
One-Click Copy Trade is BitJet’s flagship product since its launch in May 2020. It has broken the barriers of conventional trading models in the cryptocurrency market to reduce the gap between professional traders and individuals. Innovation at the heart of the BitGate project is social business. It allows followers and traders to communicate across borders and chart their own interconnected path to financial freedom. To date, the One-Click Copy Trade program has over 55,000 professional traders copied by nearly 1.1 million followers. As the report indicates, the derivatives market is dominated by offshore exchanges. Bitget is no exception as it is one of the major players in Korea thanks to its one-click copy trade feature popular among traders in the country.
The company recently announced the launch of a US$200 million BitJet Security Fund as part of its ongoing efforts to ensure the safety and security of its users’ assets. BitJet Protection Fund will ensure unmatched security and safe and secure trading experience for all BitJet users around the world. The fund will be used to protect them and the BitJet exchange platform, while helping usher in a new era of safety and security in the world of cryptocurrencies.
BitGate CEO Gracie Chen said, “We are extremely proud of how far BitJet has come. Being able to outperform some of the major players in the market is a testament to the dedicated contribution of the BitGate family. At the beginning of 2021, we had a small team of 150 people and we tripled our headcount by mid-2022. To cope with the growing growth, we recently announced the acceleration of our recruitment plan. While continuing to develop our product and service offering, we also take care to ensure a safe and secure trading experience for our users. We look forward to many more milestones in the coming years with the support of our trusted merchants and partners worldwide.»
To learn more about Bitgate and its social trading offerings, feel free to follow them on their website and social media: TwitterTelegram, Instagram.
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