Bitget, the crypto exchange that is taking Europe by storm

Bitget is a cryptocurrency exchange that allows you to trade various digital assets. There are dozens of currency pairs, such as Bitcoin (BTC) or Ether (ETH), and other lesser-known assets: Solana (SOL), Binance Coin (BNB), Cardano (ADA), etc. The crypto exchange offers both spot transactions for immediate delivery of purchased assets, such as futures transactions (a type of transaction where the underlying asset is delivered to the buyer after a predetermined period of time). In addition, the exchange offers an algorithmic trading option: automatic AI trading.

Bitget was founded in 2018. According to CoinMarketCap and CoinGecko, Bitget ranks among the top 5 global derivatives exchanges based on trading volume, according to CoinMarketCap and CoinGecko.

Bitget employs various professionals: crypto specialists, investment advisors and experienced managers. Three women are part of the company’s management:

Sandra Lou, CEO of Bitget;

Grace Chen, Executive Director;

Yvonne Tee, CMO.

Where is Bitget active?

In total, the exchange serves customers from more than 100 countries. The company’s customer base includes more than 8 million people.

Bitget is a regulated exchange that complies with the regulatory framework of major jurisdictions such as the US, Canada and Australia. It also plans to expand its trading activities to other regions and countries, for example Germany, Italy, France, Portugal and the Netherlands.

How did Bitget start?

Bitget started its journey in 2018 and has now grown to be one of the biggest players in the industry. By mid-2022, 500 employees worked at Bitget, while only 150 people worked on the exchange a year ago.

Despite the cryptocurrency winter, the market slowdown and the downsizing of several cryptocurrency companies, Bitget has big plans for development and business expansion: the exchange will hire new specialists in product development, customer relations and ongoing operations. Over the next 6 months, Bitget will increase its current workforce of 800 employees by an additional 50% to reach 1200 employees by Q1 2023, increasing its workforce by an additional 50% from its current size to better meet user demand and support business growth.

The company’s successful development is proven by its sponsorship of sports teams: for example, in September 2021 the fair became the official sponsor of the Juventus football club, the e-sports team PGL Major, Galatasaray and Team Spirit.

What does Bitget offer its users?

As a cryptocurrency exchange, Bitget offers its users the following services:

  • spot trading of digital assets;
  • Futures
  • Social trading – exchange of trading ideas between users to create a market view and develop effective strategies;
  • Copy trade – copy trades from accounts belonging to successful traders to accounts belonging to users;
  • USDT Margined Futures – a type of “margin” trade (with leverage) with USDT as collateral;
  • Coin margin futures – a type of “margin” trade (with leverage) using cryptos other than USDT as collateral

In addition to the above, the exchange offers token staking, liquidity mining, farming and its own launch pad to launch new projects.

One of the most interesting features of Bitget is copy trading. Copy trading involves users registering on a platform and linking their account with a successful trader’s account to monetize their smart and profitable trades. Transactions are automatically copied to the user account (slave account) from the master account. Thanks to copy trading, the platform’s users and traders enjoy clear advantages: users can copy the positions of successful traders for profit, while effective traders provide trade signals for open positions and are rewarded with the commissions paid by their followers. Currently, there are more than 27,000 active traders registered on the platform.

In addition, Bitget offers social trading where traders interact with each other and discuss ideas to develop effective trading strategies. Social trading is also a beneficial solution for all involved: traders exchange ideas about the market, discuss the market situation and develop their strategies from there. Then again, it’s a win-win scenario that benefits all users.

The platform also offers its innovative One-Click Copy Trade product. This is a tool that allows users to copy other traders’ positions with a single click.

Before long, the company will implement so-called grid trading, a kind of automatic trading within a fixed interval. Users set channel limits, while a special program, a trading bot, opens sell positions when the price reaches the upper limit and buy positions when the price returns from the lower limit of the channel. In this way, the user can profit from the markets when the price is within a range.

There is also a great community on Bitget: users are constantly communicating and sharing their market experiences.

The Bitget token is one of the many pillars that support the Bitget ecosystem and its community. By using the BGB token, also Bitget’s native token, users have full access to the platform’s features, including direct trading from the user’s wallet, cross-chain swaps of tokens, and many other features offered by the platform.

With the BGB token, Bitget encourages its users by offering them rewards and incentives for using the platform and its services. In the future, Bitget will create an entire ecosystem to provide even more opportunities and ways for its users to earn rewards.

BGB also allows for transactions within Bitget’s DeFi ecosystem.

In May 2022, Bitget launched its brand new Reward Center, which allows users to receive various incentives such as trial funds, coupons, deposit rewards, and tiered rewards. In total, Bitget users can earn up to $4,163 in rewards, up from $150 in the previous version of the Rewards Center.

Bitget has its own affiliate program which allows users to invite their friends to Bitget and get even bigger rewards for the trading activities of their referred users.

Bitget has established an academy that is filled with detailed information about trading and the overall cryptocurrency industry.

How secure is Bitget?

Bitget stores its crypto funds on separate wallets: on cold wallets (offline) and hot wallets (online). This makes it impossible for the company to lose money, as it would have been possible if it had stored its cryptocurrencies in a single wallet.

When it comes to security features, Bitget uses modern security technologies from well-known and trusted companies such as Suntwin Technology, Qingsong Cloud Security, HEAP and Armors.

Bitget also recently launched its protection fund, which consists of 6,500 BTC and $200 million USDT reserves to provide investors with a safe trading environment.

In addition, Bitget launched its Proof of Reserves page, which helps users demonstrate that Bitget is a full-reserve exchange, as supported by Proof of Reserves (“PoR”), using the cryptographically controlled Merkle Tree method, and that the user assets are saved. on the platform is protected.

Growth and maintenance ensures that the platform works properly, is compliant and secure from hackers and viruses. Even in the current bear market conditions, Bitget is expanding into larger global markets and continues to grow.

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What should you do:
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In addition, we can of course also be found on Instagram and on Twitter.

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This offer is an unlimited reward for each user. The more qualified referrals, the more rewards. Click here for more information.

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