Bitget and Foresight Ventures announce $30M investment in TON

Bitget and Foresight Ventures have announced a $30 million investment in The Open Network. The companies will buy TON tokens as well as support GameFi and tap-to-earn projects. Crypto exchange Bitget and web3 investment firm Foresight Ventures have announced a $30 million strategic investment in TON blockchain. In an announcement on Sept. 18, the two […]

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Bitget and Foresight Ventures invest $30M in TON blockchain

With the new investment, Bitget and Foresight expect to increase their involvement in the TONs governance and future development plans.

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Memecoins, P2P and TON drove 1,614% user growth in Africa Bitget

Bitget CEO Gracy Chen said that as millions of Africans use Telegram, the rise of TON contributed to Bitgets user growth in the region. 

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TON Foundation teams with Curve Finance to boost DeFi stablecoin trading on network

The TON Foundation and Curve Finance have announced a new collaboration to incubate a stable swap project on the TON blockchain, according to a Sept. 17 statement shared with CryptoSlate. This collaboration aims to make stablecoin trading more efficient and user-friendly on the TON network. Both organizations will select an independent team to spearhead the […]

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[Open to Pinoys] List of Current Active Solana Hackathons

Major Solana blockchain hackathons are now open for registration, all of them with significant prize pools and opportunities.

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Bitget x DOGS Carnival Now Live!

Whether you're a new member or a long-time supporter, there's something for everyone in this grand carnival.

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How Many Telegram Games Do Tap-To-Earn Gamers Play Daily?

The report reflects a high level of engagement and preference for simple, rewarding games.

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From Binance to Bitget: Who is Bitgets Award-Winning New Chief Legal Officer?

Gracy Chen, CEO of Bitget, says Ng will give the exchange a distinctive edge in terms of compliance.

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Bitget Bolsters Legal Team with Former Binance Executive

Bitget, a leading crypto exchange and web3 company, has announced the appointment of Hon Ng as its new…

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Bitget Wallet doubles it users base to 30 Million in less than a year

Bitget Wallet has reached a significant milestone as it doubles it global users base to 30 Million within…

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Bitget Wallet overtakes MetaMask by downloads CryptoRank

Formerly known as BitKeep, the Bitget Wallet was acquired by the Bitget exchange for $30 million in 2023. 

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Bitget Eyes Indian License as Users Face Service Restrictions

The crypto exchange is exploring ways to ensure regulatory compliance while continuing to offer services to users in the region.

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Bitget in active discussions to obtain India license

Bitget is currently operating in the Indian market but faces some issues with signing up new users due to certain regulatory limitations.

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Bitget Targets India Expansion with Crypto Regulatory Compliance Push

Cryptocurrencyexchange Bitget has set its sights on becoming a regulated player in theworld's most populous democracy. The company's announcement comes as Indiagrapples with the complexities of integrating cryptocurrencies into itsfinancial ecosystem.

Bitget Signals Intent toRegister as Regulated Crypto Exchange in India

The companyrevealed it is in active discussions with India's Financial Intelligence Unit(FIU) regarding licensing requirements. Although there is increasing talk of stringentregulations in the cryptocurrency industry in the country, India remainsone of the fastest adopters of crypto in the world.

The next step for crypto exchanges to hit the masses is to be compliant players. It builds retail security, trust, credibility and drives the adoption. India is a high-priority market for Bitget. We're actively navigating through regulations to make sure the platform is

It is avast market, and currently, nearly one in five people globally is from India.No cryptocurrency exchange can afford to overlook such a large potentialcustomer base. This is evidenced bythe latest move from Binance, which is preparing to re-enter the localmarket.

"Indiais a high-priority market for Bitget," Simran Alphonso, Head of GlobalCommunications at Bitget, commented. "We're actively navigating through regulations to make sure the platform is compliant for us to serve our users in India."

As part ofits efforts to establish a presence in India, Bitget is launching userawareness campaigns aimed at educating investors about digital assets. Thecompany is also maintaining transparency by providing verifiable Proof ofReserves data and offering users access to fund storage information, includingpublicly available wallet addresses.

Other Regulatory Moves

Bitget hasalready obtained Virtual Asset Service Provider (VASP) licensesin Lithuania andPoland. The exchange has implemented mandatory KnowYour Customer (KYC) procedures to prevent illicit use of digital assets andenhance security compliance for traders.

Thecompany's user protection initiatives include the BitgetProtection Fund, which reported an average valuation of $429 million inJune 2024. This fund has been a key component of Bitget's strategy to provide asecure trading environment since its launch in August 2022.

Theexchange also greatly benefited from the recent cryptocurrency boom, triggeredby Bitcoin reaching record values in March 2024. The customer base of theexchange grewto 25 million, and its native token surpassed the $1 milestone.

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Bitget Wallet Ranks Second in Japans Web3 Market: Sees 34% User Growth

In the second quarter of 2024, Bitget Wallet experienced asignificant 34% increase in new user adoption in Japan. Data from data.aireveals that Bitget Wallet is now the second most downloaded Web3 wallet inJapan, just behind MetaMask.

BWB Token Boosts Adoption

The data focuses on mobile applications. Bitget Walletprovides more than just secure non-custodial asset management. It functions asa complete on-chain decentralized finance (DeFi) ecosystem.

Features includetrading, market data analytics, a native launchpad, and a DApp browser. Withover 20 million global users, Bitget Wallet is a leading platform fordiscovering Web3 assets and opportunities.

The introduction of Bitget Wallet's native token, BWB, inthe previous quarter has boosted its presence in Japan. The BWB token airdropinitiative contributed to this growth. CoinMarketCap data indicates that BWB isnow among the top ten cryptocurrencies in Japan.

Bitget Wallet experiences a significant 34% increase in new users in Japan, solidifying its position as the second largest Web3 wallet globally, trailing only behind MetaMask.

Wallets DeFi Expansion

Bitget Wallets Swap function has also gained traction forits efficiency. The decentralized swap feature covers nearly 50 blockchains andaggregates liquidity from numerous DEXs and cross-chain bridges.

This aims toprovide users with optimal trading experiences. Features such asgasless transactions, automatic slippage adjustments, and gasrebates address common user issues, enhancing the trading experience.

Analysts from the Bitget Research Institute predict thatWeb3 wallets with integrated trading features and NFT support will capture alarger market share in Japan in the latter half of the year. The reporthighlights Japans role in cryptocurrency innovation, noting that approximately350,000 individuals in the region engage in daily on-chain transactions.

Looking ahead, Bitget Wallet plans to focus on developingthe Bitget Onchain Layer. This segment aims to connect users to Web3 moreseamlessly while offering strong DeFi products.

The Bitget Onchain Layer issupported by a $10 million BWB Ecosystem Fund, which supports promising Web3projects. The recent launch of Tomarket, the first project on this layer,focuses on new asset aggregation. Tomarkets Telegram Mini-App has gained over2 million users since its launch in June.

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How to pick tokens for exchange listings? New report offers help

Crypto exchange Bitget and Nansen Research collaborated to help exchanges evaluate the potential of a cryptocurrency depending on the token cycle.

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Top Crypto Exchanges in the Philippines Based on Google App Rankings for June 2024

By aggregating the daily positions of each platform and calculating the average rank over 30 days, Sensor Tower reported the comparative performance of each exchange.

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Bitget Wallet tops Nigerias app store as OKX exits market

Bitget Wallets surge in popularity among Nigerian users highlights its growing appeal in the Web3 space amid evolving digital finance trends.

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Bitgets BGB, WIF, PEPE, More Tokens Outperform Bitcoin in H1 2024

In the first half of 2024, a Forbes report highlighted several cryptocurrencies that outperformed Bitcoin.

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Airdrop success propels Bitget wallet to second most popular in Japan

Web3 wallet usability remains a key hurdle for mass crypto adoption, according to Bitget Wallets chief operating officer.

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