A Look at Bitget: the Cryptocurrency Trading Platform

04/20/2023 10:08 • Crypto & Markets • 62 views

On April 20th, it was announced that Bitget, a cryptocurrency trading platform, has completed the registration of Lithuania’s cryptocurrency business. After completing the registration, Bitget can provide cryptocurrency related services in the region, subject to compliance with Lithuanian laws and regulations. Bitget’s compliance team has grown by 50% in the past 12 months to support plans and requirements for compliance business development. At the same time, Bitget is actively building a complete Web3.0 ecosystem, having previously acquired BitKeep, a multi chain wallet with over 9.5 million users. During the blockchain cycle in Hong Kong, a $100 million Bitget Web3 fund has also been launched to promote the development of the crypto world and provide support for potential startups.

The encryption trading platform Bitget has completed the registration of Lithuanian cryptocurrency business

Cryptocurrency exchange Bitget has completed the registration of Lithuania’s cryptocurrency business, signaling its readiness to provide cryptocurrency-related services within the region. With their compliance team growing by 50% in the past year, Bitget is aligning with Lithuanian laws and regulations. Moreover, Bitget has recently acquired BitKeep, the multi-chain wallet with over 9.5 million users, and has launched a $100 million Bitget Web3 fund to promote crypto development and provide support to potential startups.

Introduction

Bitget is a cryptocurrency trading platform founded in 2018. Its mission is to provide users with a secure, accessible platform that empowers them to take control of their financial future. Bitget boasts over 2 million users globally, with a daily trading volume of more than one billion dollars.

Bitget’s Compliance Business Development

Bitget has completed the registration of Lithuania’s cryptocurrency business, allowing them to provide cryptocurrency-related services in the region while abiding by Lithuanian laws and regulations. Bitget’s An Jian, Chief Compliance Officer, revealed that their team has grown by 50% in the past year to support the development of the compliance business.
The company has always prioritized regulatory compliance, and the registration of their business in Lithuania is a testament to their efforts. With cryptocurrency regulations evolving, Bitget intends to stay up-to-date and align with all necessary protocols.

Bitget’s Web3.0 Ecosystem

Bitget is actively building a complete Web3.0 ecosystem, and has recently acquired BitKeep, a multi-chain wallet with over 9.5 million users. BitKeep simplifies the use of digital assets on different blockchains and makes it easier for users to manage their currencies.
Besides BitKeep, Bitget is integrating with other partners to build a complete ecosystem involving blockchain, FinTech, and traditional finance. They believe that by providing a comprehensive set of services, more people will be able to participate in the crypto world.

Introduction of Bitget Web3 Fund

A $100 million Bitget Web3 Fund was recently launched at the blockchain cycle in Hong Kong to promote the development of the crypto world and provide support for potential startups. This fund is expected to finance Web3.0 foundational technologies, the development of infrastructure, decentralized finance applications, high-quality blockchain projects, and other potential innovation projects.

Conclusion

Bitget is a reputable cryptocurrency exchange that prioritizes regulatory compliance, aligns with evolving regulations, and offers secure services to users globally. With the recent registration of their cryptocurrency business in Lithuania, Bitget is poised to extend its reach into Baltic and other European countries. The acquisition of BitKeep and the launching of a $100 million Bitget Web3 Fund are demonstrations of its commitment to providing cutting-edge services and promoting crypto world development.

FAQs

1. Is Bitget a safe exchange?
Ans. Yes, Bitget is a reputable and secure cryptocurrency exchange with over 2 million users worldwide.
2. What is BitKeep, and how does it help Bitget?
Ans. BitKeep is a multi-chain wallet that simplifies the use of digital assets on different blockchains, making it easier for users to manage their currencies. Bitget’s acquisition of BitKeep shows their commitment to building a comprehensive ecosystem involving blockchain and traditional finance.
3. What is the Bitget Web3 Fund?
Ans. The $100 million Bitget Web3 Fund is launched to promote the development of the crypto world and provide support for potential startups. It is expected to finance Web3.0 foundational technologies, infrastructure development, decentralized finance applications, high-quality blockchain projects, and other potential innovation projects.

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