{"id":12956,"date":"2024-04-26T10:32:02","date_gmt":"2024-04-26T07:32:02","guid":{"rendered":"https:\/\/forklog.com\/en\/messi-partnership-and-25m-users-a-review-of-the-bitget-exchange\/"},"modified":"2024-04-26T10:32:02","modified_gmt":"2024-04-26T07:32:02","slug":"messi-partnership-and-25m-users-a-review-of-the-bitget-exchange","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/messi-partnership-and-25m-users-a-review-of-the-bitget-exchange\/","title":{"rendered":"Messi partnership and 25m users: a review of the Bitget exchange"},"content":{"rendered":"<p>In the first quarter of 2024, trading volumes on Bitget\u2019s spot and futures markets rose by 100% and 146%, respectively. Over the same period, the platform\u2019s token gained 80%, and its user base surpassed 25m.<\/p>\n<p>This review outlines the exchange\u2019s main services and competitive advantages.<\/p>\n<h2 class=\"wp-block-heading\">Bitget\u2019s ecosystem<\/h2>\n<p><a class=\"tracking_link\" href=\"https:\/\/www.bitget.com\/ru\/\" target=\"_blank\" rel=\"noopener\">Bitget<\/a> was founded in 2018 by Sandra Lou, who currently serves as CEO. In June 2022 the exchange appointed Gracy Chen as managing director.<\/p>\n<p>Two core products underpin Bitget\u2019s ecosystem: a <span data-descr=\"centralized exchange\" class=\"old_tooltip\">CEX<\/span> and a Web3 wallet. The centralized exchange offers:<\/p>\n<ul class=\"wp-block-list\">\n<li>spot, futures and P2P trading; <\/li>\n<li>the Bitget Earn platform for passive income;<\/li>\n<li>a copy-trading service;<\/li>\n<li>an interface for configuring trading bots;<\/li>\n<li>the <a class=\"tracking_link\" href=\"https:\/\/www.bitget.com\/ru\/academy\" target=\"_blank\" rel=\"noopener\">Bitget Academy<\/a> section with guides, expert advice and industry news.<\/li>\n<\/ul>\n<p>The <a class=\"tracking_link\" href=\"https:\/\/web3.bitget.com\/ru\" target=\"_blank\" rel=\"noopener\">Bitget Wallet<\/a> supports:<\/p>\n<ul class=\"wp-block-list\">\n<li>a decentralised exchange;<\/li>\n<li>an NFT marketplace;<\/li>\n<li>a <span data-descr=\"decentralized applications\" class=\"old_tooltip\">dapp<\/span> browser to interact with DeFi applications.<\/li>\n<\/ul>\n<p><a class=\"tracking_link\" href=\"https:\/\/www.bitget.com\/ru\/events\/BGB\/intro\" target=\"_blank\" rel=\"noopener\">Bitget Token<\/a> (BGB) is the platform\u2019s utility token with a 2bn supply. It can be used to pay trading fees at a discount, for staking, to earn passive income and for other activities.<\/p>\n<p>The exchange places strong emphasis on partnerships: it has worked for more than two years with Argentine footballer Lionel Messi, as well as the football clubs Juventus and Galatasaray.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Such collaborations not only increase trust in the exchange, but also help to explain cryptocurrencies to a wider audience in a more accessible way,&#8221; said Bitget\u2019s chief operating officer Vugar Usi Zade in an <\/em><a href=\"https:\/\/u1f987.com\/en\/news\/bitgets-coo-we-will-ramp-up-expansion-in-the-cis-and-ukraine-in-2024\"><em>interview<\/em><\/a><em> with ForkLog.<\/em><\/p>\n<\/blockquote>\n<p>In addition, the platform promotes the <a href=\"https:\/\/u1f987.com\/en\/news\/bitget-launches-initiative-to-promote-gender-equality-in-web3\">Blockchain4Her<\/a> initiative to achieve gender equality in the Web3 industry and trains students under the Blockchain4Youth programme.<\/p>\n<h2 class=\"wp-block-heading\">Registration and trading<\/h2>\n<p>You can register on Bitget <a class=\"tracking_link\" href=\"https:\/\/www.bitget.com\/ru\/\" target=\"_blank\" rel=\"noopener\">on the exchange\u2019s website<\/a> or in the <a class=\"tracking_link\" href=\"https:\/\/www.bitget.com\/ru\/download\" target=\"_blank\" rel=\"noopener\">app<\/a> for Android and iOS.<\/p>\n<p>Since August 2023 the platform has required verification: clients must provide a passport\/driver\u2019s licence and confirm the document\u2019s authenticity. The process takes no more than 60 minutes.<\/p>\n<p>After completing <span data-descr=\"know your customer\" class=\"old_tooltip\">KYC<\/span>, users gain access to deposits, <a class=\"tracking_link\" href=\"https:\/\/www.bitget.com\/ru\/spot\/BGBUSDT\" target=\"_blank\" rel=\"noopener\">spot markets<\/a> for 500+ assets and <a class=\"tracking_link\" href=\"https:\/\/www.bitget.com\/ru\/futures\" target=\"_blank\" rel=\"noopener\">futures products<\/a>, with withdrawal limits of 2m USDT.<\/p>\n<p>Bitget offers:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>USD-M<\/strong> \u2014 perpetual futures settled in USDT or USDC;<\/li>\n<li><strong>Coin-M<\/strong> \u2014 perpetual futures settled in cryptocurrencies and tokens;<\/li>\n<li><strong>quarterly Coin-M futures<\/strong> \u2014 deliverable futures that can be held until expiry.<\/li>\n<\/ul>\n<p>The exchange develops products for token launches and distribution:<\/p>\n<ul class=\"wp-block-list\">\n<li><a class=\"tracking_link\" href=\"https:\/\/www.bitget.com\/ru\/events\/launchpad\" target=\"_blank\" rel=\"noopener\">Launchpad<\/a> \u2014 a platform for IEOs;<\/li>\n<li><a class=\"tracking_link\" href=\"https:\/\/www.bitget.com\/ru\/earning\/launchpool\" target=\"_blank\" rel=\"noopener\">Launchpool<\/a> \u2014 pools for farming tokens of new projects;<\/li>\n<li><a class=\"tracking_link\" href=\"https:\/\/www.bitget.com\/ru\/events\/poolx\" target=\"_blank\" rel=\"noopener\">PoolX<\/a> \u2014 an airdrop platform for stakers of bitcoin (BTC), Ethereum (ETH), Tether (USDT) and other assets;<\/li>\n<li><a class=\"tracking_link\" href=\"https:\/\/www.bitget.com\/ru\/pre-market\" target=\"_blank\" rel=\"noopener\">Pre-market<\/a> \u2014 an OTC service for trading cryptocurrencies before listing.<\/li>\n<\/ul>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/g_08dHdiNnaCzZqkjAJYuiJ4CsqXfDxTti9acwxG_aLruQRwvYZ9-9r5_nPOw3DAqA0vL2YQZVpqbr8SjsVUuflrVAhdIBZ0pBroRYjtN0gPf5SKQEYd4to2lDUp-DVndisSELxakMbTGEOUGZmTVsM\" alt=\"\u041f\u0430\u0440\u0442\u043d\u0435\u0440\u0441\u0442\u0432\u043e \u0441 \u041c\u0435\u0441\u0441\u0438 \u0438 25 \u043c\u043b\u043d \u043f\u043e\u043b\u044c\u0437\u043e\u0432\u0430\u0442\u0435\u043b\u0435\u0439 \u2014 \u043e\u0431\u0437\u043e\u0440 \u0431\u0438\u0440\u0436\u0438 Bitget\"\/><figcaption class=\"wp-element-caption\">Bot returns as of 25 April 2024. Data: <a class=\"tracking_link\" href=\"https:\/\/www.bitget.com\/ru\/trading-bot\" target=\"_blank\" rel=\"noopener\">Bitget<\/a>.<\/figcaption><\/figure>\n<p>In addition, Bitget clients can configure <a class=\"tracking_link\" href=\"https:\/\/www.bitget.com\/ru\/trading-bot\" target=\"_blank\" rel=\"noopener\">bots<\/a> for strategies such as DCA, martingale and grid trading on spot and futures markets.<\/p>\n<h2 class=\"wp-block-heading\">Passive income and copy-trading<\/h2>\n<p><a class=\"tracking_link\" href=\"https:\/\/www.bitget.com\/ru\/earning\" target=\"_blank\" rel=\"noopener\">Bitget Earn<\/a> is a platform for users who want to generate additional income from their investments. Its products include:<\/p>\n<ul class=\"wp-block-list\">\n<li><a class=\"tracking_link\" href=\"https:\/\/www.bitget.com\/ru\/earning\/savings\" target=\"_blank\" rel=\"noopener\">Savings<\/a> \u2014 deposits for a <span data-descr=\"assets are locked for a set period\" class=\"old_tooltip\">fixed<\/span> or <span data-descr=\"assets can be withdrawn at any time\" class=\"old_tooltip\">flexible<\/span> term with daily interest accrual;<\/li>\n<li><a class=\"tracking_link\" href=\"https:\/\/www.bitget.com\/ru\/earning\/staking\" target=\"_blank\" rel=\"noopener\">Staking<\/a> \u2014 staking any amount of PoS cryptocurrencies such as Ethereum and Solana without additional costs;<\/li>\n<li><a class=\"tracking_link\" href=\"https:\/\/www.bitget.com\/ru\/earning\/bgb-staking\" target=\"_blank\" rel=\"noopener\">BGB staking<\/a> \u2014 staking the exchange token with an <span data-descr=\"annual percentage yield\" class=\"old_tooltip\">APY<\/span> of 2% and fee-free withdrawals;<\/li>\n<li><a class=\"tracking_link\" href=\"https:\/\/www.bitget.com\/ru\/earning\/dual-investment\" target=\"_blank\" rel=\"noopener\">Dual Investment<\/a>, <a class=\"tracking_link\" href=\"https:\/\/www.bitget.com\/ru\/earning\/shark-fin\" target=\"_blank\" rel=\"noopener\">Shark Fin<\/a>, <a class=\"tracking_link\" href=\"https:\/\/www.bitget.com\/ru\/earning\/smart-trend\" target=\"_blank\" rel=\"noopener\">Smart Trend<\/a>, <a class=\"tracking_link\" href=\"https:\/\/www.bitget.com\/ru\/earning\/range-sniper\" target=\"_blank\" rel=\"noopener\">Range Sniper<\/a> \u2014 structured products with an <span data-descr=\"annual percentage rate\" class=\"old_tooltip\">APR<\/span> from 1% to 20%;<\/li>\n<li><a class=\"tracking_link\" href=\"https:\/\/www.bitget.com\/ru\/earning\/wealth-management\" target=\"_blank\" rel=\"noopener\">Wealth management<\/a> \u2014 transferring funds to Bitget partners for management;<\/li>\n<li><a class=\"tracking_link\" href=\"https:\/\/www.bitget.com\/ru\/earning\/loan\" target=\"_blank\" rel=\"noopener\">Secured loan<\/a> \u2014 loans of stablecoins and cryptocurrencies collateralised by other assets. <\/li>\n<\/ul>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/jiwD0-Ku6MrGiBV0s0IMOh1xVJKddfyFRRl4NTDCabHTRtoQiBi9PNZhl6vYL-4qjkoOGXF8U0TdXrJi3XOQO_hMkChwtWeS_LOxUv-UPtob4XEO5yFV-kaym-FGKXd8ovcaiCh9uNM74-5RodJGmSo\" alt=\"\u041f\u0430\u0440\u0442\u043d\u0435\u0440\u0441\u0442\u0432\u043e \u0441 \u041c\u0435\u0441\u0441\u0438 \u0438 25 \u043c\u043b\u043d \u043f\u043e\u043b\u044c\u0437\u043e\u0432\u0430\u0442\u0435\u043b\u0435\u0439 \u2014 \u043e\u0431\u0437\u043e\u0440 \u0431\u0438\u0440\u0436\u0438 Bitget\"\/><figcaption class=\"wp-element-caption\">Comparison of different structured products. Data: <a class=\"tracking_link\" href=\"https:\/\/www.bitget.com\/ru\/earning\/range-sniper\" target=\"_blank\" rel=\"noopener\">Bitget<\/a>.<\/figcaption><\/figure>\n<p>In May 2020 Bitget was the first on the market to add <a class=\"tracking_link\" href=\"https:\/\/www.bitget.com\/ru\/copy-trading\/overview\" target=\"_blank\" rel=\"noopener\">copy-trading<\/a> \u2014 a strategy in which users (copy traders) replicate the trades of leading traders (lead traders). At the time of publication, the exchange is one of the leading platforms in this segment.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Social trading is particularly popular among members of Generation Z (clients under 25), who tend to trust more experienced traders. They account for 44% of all copy traders on Bitget. In second place is the 25\u201335 age group with a share of 32%,&#8221; the platform\u2019s <\/em><em>report<\/em><em> for 2023 says.<\/em><\/p>\n<\/blockquote>\n<p>Bitget users can subscribe to lead traders on the <a class=\"tracking_link\" href=\"https:\/\/www.bitget.com\/ru\/copy-trading\/spot\" target=\"_blank\" rel=\"noopener\">spot<\/a> and <a class=\"tracking_link\" href=\"https:\/\/www.bitget.com\/ru\/copy-trading\/futures\" target=\"_blank\" rel=\"noopener\">futures<\/a> markets, or copy a <a class=\"tracking_link\" href=\"https:\/\/www.bitget.com\/ru\/copy-trading\/strategy\" target=\"_blank\" rel=\"noopener\">trading-bot<\/a> strategy.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/T8dAiK88lby8UinJD84zUCLUwyLZZeK8tsKt0x6J8nkwVXBf2VnkEZwJI0ssUncGi_eAA__PPuR1GafF5y63qx6jDz0LWW8JzGjvZ0M1g2qxgo8KTN9ID0Z9I989KVhF42a2ra_HlDF_M5BjjxLZDEc\" alt=\"\u041f\u0430\u0440\u0442\u043d\u0435\u0440\u0441\u0442\u0432\u043e \u0441 \u041c\u0435\u0441\u0441\u0438 \u0438 25 \u043c\u043b\u043d \u043f\u043e\u043b\u044c\u0437\u043e\u0432\u0430\u0442\u0435\u043b\u0435\u0439 \u2014 \u043e\u0431\u0437\u043e\u0440 \u0431\u0438\u0440\u0436\u0438 Bitget\"\/><figcaption class=\"wp-element-caption\">Returns of lead traders and bots as of 23 April 2024. Data: <a class=\"tracking_link\" href=\"https:\/\/www.bitget.com\/ru\/copy-trading\/strategy\" target=\"_blank\" rel=\"noopener\">Bitget<\/a>.<\/figcaption><\/figure>\n<p>Traders accredited by the exchange share trading ideas and research on the <a class=\"tracking_link\" href=\"https:\/\/www.bitget.com\/ru\/insights\" target=\"_blank\" rel=\"noopener\">Insights<\/a> social platform.<\/p>\n<h2 class=\"wp-block-heading\">Web3 wallet<\/h2>\n<p><a class=\"tracking_link\" href=\"https:\/\/web3.bitget.com\/ru\" target=\"_blank\" rel=\"noopener\">Bitget Wallet<\/a> is a non-custodial multichain wallet, previously known as BitKeep. In 2023 Bitget became its controlling shareholder, after which it rebranded the service and integrated it into its ecosystem.<\/p>\n<p>The wallet supports more than 80 networks, the L2 solution <a href=\"https:\/\/u1f987.com\/en\/news\/bitget-wallet-expands-with-lightning-network-and-arc-20-token-support\">Lightning Network<\/a>, and BRC-20 and ARC-20 tokens on Bitcoin. It is integrated with an NFT marketplace, the Bitget Swap decentralised exchange and other projects such as the <span data-descr=\"decentralized exchange\" class=\"old_tooltip\">DEX<\/span> aggregator <a href=\"https:\/\/u1f987.com\/en\/news\/bitget-wallet-integrates-jupiter-dex-aggregator\">Jupiter<\/a>.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/NTsg4UBXmEXxY7Zp4-5IEs6TF0-LZoepVhV6RAiBlh6w7OiPHel4N-62I88OttEJKT5xSQTjBuuu6M9IkYMWyW5BuepKHUqtuUxi4sexe1lq-W2EiVah9l_L0Sk6tOlYLLLQ5kElSIJeqafVdfFKdBA\" alt=\"\u041f\u0430\u0440\u0442\u043d\u0435\u0440\u0441\u0442\u0432\u043e \u0441 \u041c\u0435\u0441\u0441\u0438 \u0438 25 \u043c\u043b\u043d \u043f\u043e\u043b\u044c\u0437\u043e\u0432\u0430\u0442\u0435\u043b\u0435\u0439 \u2014 \u043e\u0431\u0437\u043e\u0440 \u0431\u0438\u0440\u0436\u0438 Bitget\"\/><figcaption class=\"wp-element-caption\">Key metrics of Bitget Wallet. Data: <a class=\"tracking_link\" href=\"https:\/\/web3.bitget.com\/ru\/about\" target=\"_blank\" rel=\"noopener\">Bitget Wallet<\/a>.<\/figcaption><\/figure>\n<p>Bitget Wallet is available as a <a class=\"tracking_link\" href=\"https:\/\/chromewebstore.google.com\/detail\/bitget-wallet-formerly-bi\/jiidiaalihmmhddjgbnbgdfflelocpak\" target=\"_blank\" rel=\"noopener\">Chrome extension<\/a> and a mobile app for <a class=\"tracking_link\" href=\"https:\/\/apps.apple.com\/us\/app\/bitget-wallet-ex-bitkeep\/id1395301115\" target=\"_blank\" rel=\"noopener\">iOS<\/a> and <a class=\"tracking_link\" href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.bitkeep.wallet\" target=\"_blank\" rel=\"noopener\">Android<\/a>. It uses <span data-descr=\"multi-party computation\" class=\"old_tooltip\">MPC<\/span> technology, which splits private keys into several parts and stores them on different servers. Two of the three keys are required to sign transactions.<\/p>\n<h2 class=\"wp-block-heading\">Conclusions<\/h2>\n<p>Over five years, Bitget has built one of the industry\u2019s most recognisable brands. Partnerships with Lionel Messi and Juventus, active community engagement and campaigns such as TraderPro have contributed to this.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Two years ago Bitget was among the top 20 crypto exchanges in CoinMarketCap\u2019s ranking for futures trading. But already in 2024 the platform recorded a record volume among derivatives venues and <a class=\"tracking_link\" href=\"https:\/\/coinmarketcap.com\/rankings\/exchanges\/derivatives\/\" target=\"_blank\" rel=\"noopener\">secured a place<\/a> in the top five by this metric, which I consider a great success,&#8221; said Vugar Usi Zade in an interview with ForkLog.<\/p>\n<\/blockquote>\n<p>The exchange is expanding social trading and Web3 services, and lists cryptocurrencies not available on other centralized platforms. Since the start of the year Bitget has listed 186 assets and distributed the tokens of seven projects through Launchpool.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the first quarter of 2024, trading volumes on Bitget\u2019s spot and futures markets rose by 100% and 146%, respectively. Over the same period, the platform\u2019s token gained 80%, and its user base surpassed 25m. This review outlines the exchange\u2019s main services and competitive advantages. Bitget\u2019s ecosystem Bitget was founded in 2018 by Sandra Lou, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12955,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[1144],"tags":[1222,1166],"class_list":["post-12956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-longreads","tag-bitget","tag-centralized-exchanges-cex"],"aioseo_notices":[],"amp_enabled":true,"views":"62","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/12956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=12956"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/12956\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/12955"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=12956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=12956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=12956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}