Founded in 2018, Bitget is one of the leading cryptocurrency exchanges in the world. His motto: “Better Trading, Better Life”. Indeed, Bitget wants to offer solid and secure trading solutions to users around the world, and aims to become a transcendent portal between Web2 and Web3 that connects centralized finance (CeFi) and decentralized finance (DeFi). This year, Bitget is growing at an impressive pace. Its team now has more than 600 members present in 40 countries, and has reached a record daily trading volume of $ 8.69 billion, an increase of 300% compared to the previous year.
An exchange specialized in derivatives trading…
Wishing to create products that improve the customer experience, Bitget has more than 2 million loyal users in 50 countries. The company is ranked in the Top 5 global cryptocurrency derivatives exchanges in terms of volume.
Bitget launched the “One-Click Copy Trade” in 2020. This is its flagship product, the first of its kind. The service connects novice and experienced traders in an easy-to-use social trading environment. It exploits our innate needs for exchange and sharing, applied to the field of crypto trading. In two years, this program has attracted more than 55,000 star traders and 1.1 million followers, while generating approximately $300 million in total revenue for traders, $350 million in revenue for followers, and $64 billion in overall volume. Therefore, the exchange platform claims the first place in terms of copy trading volume in the world.
This success only pushes Bitget to design better products and services. During the first half of 2022, Bitget launched many innovative products for cryptocurrency investors :
- Bitget Launchpad, which allows users to join the IEOs of promising projects in several ways ;
- Bitget Academy, whose information and knowledge about the blockchain market and Bitget are updated daily by Bitget experts ;
- Bitget Spot and Futures Grid Trading, which help users to understand the markets from the side ;
- GroupCoin, where experienced and novice traders help each other and buy tokens at a discounted price of up to 50 % ;
- As well as other pioneering solutions soon to be announced.
In order to encourage the growth and active participation of the BGB in the Bitget ecosystem, Bitget offers various wealth management tools to BGB holders, such as BGB Earn, the Super Airdrop plan and Flexible Savings. BGB holders also benefit from discounts on trading fees of up to 20%. It is uncommon for a centralized cryptocurrency exchange platform to offer a discount on trading fees, let alone such a high discount.
As one of the objectives of Bitget is to link Web2 and Web3, as well as CeFi and DeFi, the platform makes the experience very simple and rewarding for beginners who want to register. A new user can easily create a new account, buy cryptocurrencies with a credit card, Apple Pay or Google Pay, and receive various gifts, including up to $4,163 in cash for completing the KYC.
Bitget supports the French regulatory framework
France is one of the most cryptocurrency-friendly countries in the world. It is also the first European country to approve regulations for cryptocurrency giants. The nation’s progressive attitude towards cryptocurrencies and blockchain has made it very attractive for cryptocurrency investors and companies.
Indeed, only one month after the European Parliament’s agreement on the draft European regulation on cryptoassets markets (MiCA), the Autorité des marchés financiers (AMF) has put in place a regulatory framework in accordance with the MiCA to promote innovation and protect investors on the cryptocurrency market. This framework covers several areas, including :
- The offer to the public and admission to token trading ;
- The offer to the public and admission to trading of stable value tokens (stablecoins) ;
- The provision of services on digital assets ;
- The prevention of market abuse on cryptoassets.
The AMF also provides detailed instructions on how toobtain an optional registration or license for service providers on digital assets (PSAN) on its official website. According to the documents, it is mandatory for cryptocurrency exchange platforms to register with the AMF and comply with the regulations relating to the fight against money laundering and terrorist financing (LCB/FT).
After France published its legal frameworks regarding cryptocurrencies, a few cryptocurrency giants managed to obtain regulatory approval and a PSAN registration. The French government has given the green light to cryptocurrency activities, but recently forced Formula 1 teams to remove crypto sponsors from cars and billboards. It seems that advertising for cryptocurrencies is still a topic of debate for the government.
100% compliance for mass adoption
Bitget, as a cryptocurrency exchange platform famous for its security and compliance thanks to obtaining operational licenses from three different nations, the United States, Canada and Australia, is working with the authorities and legal advisers to adhere to the new regulatory requirements of France. Its commitment to security and compliance has allowed them to avoid mishaps in these areas, while other exchange platforms such as Binance and Kucoin have been under fire for hacks and compliance problems.
Gemini’s report on the state of cryptocurrencies in the world in 2022 shows that 16% of French people own cryptocurrencies. It also shows the existence of a clear correlation between cryptocurrency ownership and income level, since 62% of cryptocurrency owners are considered to have high incomes. The adoption of cryptoassets in France is quite promising, 40% of the population started investing in cryptocurrencies in 2021.
The report also shows that 50% of the French population who own cryptocurrencies invest in them not to protect themselves from inflation, but rather to diversify their portfolios and invest for the long term.
As many French people quote the “ educational resources ”and the “ recommendations from friends “as two of the main reasons why they invest in cryptocurrencies, Bitget offers multiple data-rich tools and interesting events for new French users, with great rewards as a result.
For example, cryptocurious people can learn more about the basic concepts of cryptocurrencies and learn the ins and outs of the sector on Bitget Academy before making their investment decisions. New traders can also use the One-Click Copy Trade to learn and practice the trading strategies of the best cryptocurrency traders on Bitget.
Bitget’s products and 24/24 and 7/7 customer support are available in 13 languages, including French. Thus, new French users can comfortably and safely discover the world of cryptocurrencies with Bitget. In order not to miss any future announcements from Bitget, do not hesitate to follow them on social networks Telegram, Twitter and Instagram.
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The Cointribune editorial team unites its voices to express itself on topics specific to cryptocurrencies, investment, the metaverse and NFTs, while striving to best answer your questions.