Aurora.. Posted September 11 Share Posted September 11 August was rough for crypto, with Bitcoin taking a nosedive below $50k. But get this - Bitget still managed to pull in 1.7M new users. Gracy Chen's calling it a "great achievement." I mean, adding a million users month after month? That's no small feat. They've also jumped on the Apple Pay and Google Pay bandwagon. Now you can swap fiat to crypto without breaking a sweat. They're supporting over 140 fiat currencies and 100+ cryptos. Convenient? Sure. But let's see how it stacks up against other exchanges in the long run. On the legal front, Bitget's brought in Hon Ng as Chief Legal Officer. Looks like they're gearing up for some serious expansion and regulatory chats. Smart move in today's crypto climate, but execution is key. Trading volume's been popping off too. We're talking $400M+ daily in spot markets and a whopping $7 billion in futures. The protection fund's sitting pretty at $400 million. Solid numbers, but how does this compare to giants like Binance or Coinbase? Copy trading seems to be Bitget's golden goose. 185,000+ pro traders, 840,000+ followers, 90 million successful trades, $500 million in gains. Sounds impressive, but I'd be curious to see the risk management side of this. Lastly, they snagged that ISO 27001:2022 certification. Good for security cred, but let's be real - it's becoming standard practice in the industry. More details can be found here👇 https://www.bitget.com/blog/articles/bitget-releases-monthly-report-of-august-2024 What do y'all think? Is Bitget making the right moves to climb the exchange ladder? Or are these just flashy numbers without substance? Drop your thoughts below! Link to comment Share on other sites More sharing options...
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