Bitget, a prominent crypto derivatives and copy trading platform, made waves at the Future Blockchain Summit in Dubai Harbour from Oct 15th to 18th. The event marks a strategic foray into the Middle East for Bitget, following its operational expansion in the region earlier this year, according to the latest press release from Oct 16th.
The exchange’s participation at the summit included an announcement of their latest offering, the Bitget Card. This premium crypto-backed credit card serves as a convenient solution for crypto payments and is designed with high limits in mind. The Bitget Card, a USD-denominated Visa credit card, boasts acceptance in 180 countries, effectively meeting the increasing demand for crypto payment solutions.
Bitget’s Ambitious Plans
This strategic move reflects the exchange’s dedication to offering users an intuitive, secure, and efficient financial future. The crypto exchange is currently developing AI-powered tools and features that will revolutionize the world of crypto trading.
Gracy Chen, the Managing Director of Bitget, recently delivered an insightful keynote speech at a summit titled “Top Crypto Opportunities in Q4 2023 and Beyond.” During her address, Chen shed light on Bitget’s plans to explore various opportunities within the crypto industry. These include potential developments such as the liberalization of U.S. spot Bitcoin ETF regulations and noteworthy technical events like Bitcoin’s halving and Ethereum’s Cancun-Deneb upgrade.
Chen highlighted the potential collaboration between Web3 and AI technologies, dispelling any perception of competition. This aligns with the recent rebranding initiative of the exchange, which aims to empower users through AI-driven features.
Additionally, Chen delved into the role of artificial intelligence (AI) in the upcoming Web 3.0 technologies. He specifically emphasized the significance of Telegram bots within the crypto ecosystem. With a staggering user base of nearly 800 million active monthly users, Telegram holds immense potential for fruitful collaborations.
Last week, the exchange also reinforced its commitment to transparency by releasing its latest monthly Proof of Reserves (PoR) report. The report revealed an impressive total reserve ratio of 207%, exceeding the industry standard of 100% and upholding Bitget’s pledge to its users that their funds are fully backed 1:1 and available on demand.
Moreover, the exchange’s commitment to transparency and reliability extends to establishing a $300 Million Protection Fund, reinforcing asset security, and providing users with peace of mind in a volatile crypto market.
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