Bitget Welcomes Ex-Binance Exec, Reports Q3 2024 Milestones
Bitget appointed Min Lin as Chief Business Officer and reported significant Q3 2024 performance, surpassing 45 million users.
What’s the significance: For crypto traders, Bitget’s Q3 growth and the appointment of a new CBO could mean more trading options, increased liquidity, and a promising expansion into new markets.
Key details:
- In two separate press releases, crypto exchange Bitget shared two milestones for the firm; its Q3 performance and the appointment of a new Chief Business Officer.
New Chief Business Officer:
- The appointment of Min Lin aims to drive Bitget’s strategic growth and expand in key markets.
- He formerly worked at Binance, he spearheaded business growth and compliance efforts across Latin America, while his five years in the Global Markets Division at Goldman Sachs was noted to enhance his capability to address diverse market needs.
Gracy Chen, CEO of Bitget, welcomed Min Lin to the leadership team, highlighting his successful experience in scaling crypto businesses as a strong fit for Bitget’s expansion goals and commitment to user-focused innovation.
Min Lin expressed enthusiasm for joining Bitget, praising its growth, innovation, and user-centered approach.
- Lin stated that he “looks forward to collaborating with this talented team as we build an ecosystem trusted by millions and help the industry reach new demographics.”
Q3 Growth:
- Bitget reported that it reached over 45 million users; the platform stated that it was able to reinforce its position as the fourth-largest cryptocurrency exchange by trading volume with a 400% user growth in the past year.
- In the same period, the exchange also added 72 tokens, bringing its offerings to over 800 tokens and 900 spot trading pairs.
- The PoolX staking platform was also noted to see significant traction, with $2.3 billion staked.
- Bitget also invested $30 million with Foresight Ventures into The Open Network (TON) ecosystem.
- The platform also formed a major partnership with LALIGA, aiming to drive crypto adoption in Eastern Europe, Southeast Asia, and LATAM markets.
- Collaborated with Nansen to enhance token discovery, listing 240 early-stage tokens since April.
Key quote:
“Our growth in Q3 2024 reflects our commitment to creating an accessible, secure, and innovative trading platform for users worldwide. By continuously expanding our offerings, supporting impactful projects, and forming strategic partnerships, Bitget is helping shape the future of blockchain and finance. We remain focused on our mission to drive financial freedom and to empower the next billion users through accessible and user-friendly digital solutions.”
Gracy Chen, CEO, Bitget
What’s next: Under Lin’s leadership, Bitget plans to enhance its market share with tailored solutions for emerging markets.
Worth reading: Following the Token2049 debut, Bitget will also launch the Blockchain4Her Award in Southeast Asia to celebrate and promote women’s contributions to the blockchain industry.
This article is published on BitPinas: Bitget Welcomes Ex-Binance Exec, Reports Q3 2024 Milestones
What else is happening in Crypto Philippines and beyond?
