Bitget Monthly Report (August 2023): Blockchain4Youth Builders Program and Upgraded KYC Requirements
Bitget, as a trailblazing player in the crypto industry, continues to shape the future through innovation, empowerment, and unwavering commitment to our community. This month, our "Blockchain4Youth" initiative takes center stage as we launch the Builders Program, an ambitious effort to educate and nurture over 100 young talents, equipping them with the knowledge and experience to thrive in the blockchain landscape.
Security and compliance remain paramount, reflected in our introduction of mandatory Know Your Customer (KYC) requirements. We're also strengthening our partnerships, expanding our coin offerings, and introducing new features in Bitget Wallet.
As we celebrate our 5th anniversary, the King's Cup Global Invitational, Bitget EmpowerX Summit, and Smart Awards await, promising to engage and inspire our users.
Bitget's Blockchain4Youth Initiative
Bitget's commitment to nurturing the future of the blockchain industry shines through the launch of its Builders Program under the Blockchain4Youth charity project. This groundbreaking initiative is set to recruit and educate over 100 aspiring young talents in the realms of crypto, blockchain, and Web3 technologies. It aims to provide these youths not only with comprehensive knowledge but also invaluable industry experiences. In a rapidly evolving blockchain landscape, Bitget's Builders Program stands as a visionary undertaking, fostering a resilient community that will lead the crypto revolution.
5th Anniversary Celebrations
Bitget's fifth-anniversary celebrations are nothing short of spectacular, featuring a dynamic lineup of events and initiatives. The King's Cup Global Invitational ( KCGI) 2023, a flagship trading competition with a remarkable prize pool exceeding 2.65 million USDT, is set to engage traders worldwide across various categories. Furthermore, the inaugural Bitget EmpowerX Summit, uniting over 50 thought leaders and a thousand attendees, will delve into the transformative potential of crypto and Web3 in finance and the global economy. Bitget also introduces the Smart Awards, recognizing exemplary investment activities and traders who embody the ethos of "Trade smarter." Lastly, the Collect2Earn campaign offers participants a chance to share a $50,000 USDT prize pool while commemorating pivotal moments in Bitget's remarkable five-year journey.
Mandatory KYC Requirements
Bitget reaffirms its commitment to security and compliance by introducing mandatory Know Your Customer (KYC) requirements, effective September 1, 2023. All new users are required to complete KYC verification upon registration, while existing clients have until September 30 to comply. This enhancement aims to bolster security compliance and risk analysis, aligning Bitget with global and regional financial regulations. Users can access various services based on Level 1 and Level 2 KYC verifications. This step ensures transparency and builds trust with partners while reinforcing Bitget's status as a comprehensive financial services platform. The introduction of KYC requirements showcases Bitget's dedication to providing a secure trading environment and its commitment to evolving in line with regulatory trends.
Bitget CoinStats Partnership
Bitget teams up with CoinStats, a leading crypto portfolio tracker, offering users an integrated platform to manage their digital assets. CoinStats, boasting 1 million users, provides a 20% discount on its Premium subscription exclusively to Bitget users, enabling a comprehensive view of their holdings across wallets, exchanges, and DeFi platforms.
Bitget CCData Integration
Bitget collaborates with CCData, a trusted institutional-grade digital asset data provider. This partnership empowers institutional investors with real-time and historical market data sourced from reputable providers like LSEG Data, enhancing the efficiency and accuracy of their trading strategies.
Bitget Koinly API Upgrade
Bitget enhances its API integration with Koinly, a crypto tax reporting platform, based on user feedback. This upgrade simplifies crypto tax calculations, offering a user-friendly solution to Bitget's crypto community for efficient tax management. Bitget continues its commitment to user-centric services and tools.
Bitget expanded its cryptocurrency offerings with the addition of 25 new coins, including AZIT, TROSS, GRIMACE, and KAT, which were listed in liquidity provider (LP) listings, broadening trading opportunities for our users.
During this reporting period, selected tokens exhibited exceptional performance. SEI surged by an impressive 2,650%, while LAB recorded substantial growth, boasting gains of over 1,929%.
Copy Trading Highlights
Bitget's recent business growth is underscored by the impressive influx of over 4,000 elite traders, enriching the trading ecosystem. The platform's influence continues to expand, with more than 25,000 new followers seeking insights from experienced traders. Bitget remains unwavering in its commitment to profit-sharing, with traders collectively earning over 700,000 USDT during this period, a testament to its dedication to rewarding the community. Furthermore, Bitget's followers have demonstrated remarkable profitability, amassing a total profit exceeding 14 million USDT from their trading activities. This success is mirrored in the execution of 2.4 million profitable trades, reflecting the efficiency and effectiveness of the Bitget trading platform.
New Products and Features
Bitget has embarked on a rebranding initiative with a "Trade smarter" philosophy, emphasizing innovation and user empowerment through intuitive tools. The platform now boasts over 20 million registered users, with copy trading being a significant driver of success. Bitget aims to simplify its visual identity for users and continues to prioritize transparency and user security.
Bitget Wallet's ETH Staking
Bitget Wallet, formerly BitKeep, has introduced ETH staking with attractive yields of 4%-8% and up to 10% during subsidy periods. This feature leverages the Lido.fi protocol and stands out by offering a user-friendly interface, no minimum deposit requirement for ETH, and earnings in ETH instead of USDT. It aims to democratize staking and provide real-time yield tracking for users.
Bitget Wallet OTC Event
Bitget Wallet, the Web3 multi-chain wallet, is running an exclusive event in collaboration with Simplex, offering users 50% off transaction fees for Bitget Wallet OTC. Bitget Wallet has evolved into an all-in-one wallet with support for 250,000 tokens across 90 blockchains and a range of services, including an OTC feature. This OTC channel enables easy trading between fiat and cryptocurrencies, enhancing accessibility for users worldwide.
Bitget's Proof of Reserves Report
Bitget continues its commitment to transparency with a Proof of Reserves (PoR) report boasting a total reserve ratio of 208%. This report assures users that their funds are fully backed 1:1 and available on demand. Bitget's dedication to transparency extends to regular PoR audits, a $300 Million Protection Fund, and a focus on user asset security.
Driving Crypto Adoption
Bitget's first ever Crypto Experience took place on August 12 2023. Held in ten cities (Tokyo, Tapei, Mumbai, Dubai, Kaduna, London, Toronto, Mexico City, São Paulo and Buenos Aires) to celebrate International Youth Day, the event was a blast and gave young people a chance to dive into the world of crypto.
Our 5th anniversary Summit is right around the corner, and we're celebrating all over the world with offline user meet-ups in Bali, Paris, Biarritz and Istanbul. More to come, so make sure to stay tuned.
Deep look with our Managing Director, Gracy Chen
Bitget Academy articles
Accelerate your trading journey with Bitget Academy's in-depth guides, practical tips, and market updates! Over 60+ new educational articles are published in Bitget Academy and Bitget Blog.
Here are the selected ones for August 2023:
- Bitget100,000 USDT Prize Pool Up for Grabs! NewDegen 2023 On-Chain Trading Competition: Registration Now Open! Summary: Turn 100 USDT to 100,000 USDT! Bitget Wallet urges you to embrace the challenge! Boasting an enormous prize pool of 100,000 USDT and three exciting events, the highly anticipated NewDegen 2023 On-chain Trading Competition arrives amidst this bear market! Spearheaded by Bitget Wallet and in collaboration with renowned project partners, media, and KOLs, the NewDegen 2023 On-Chain Trading Competition is a grand event for global DeFi enthusiasts. Bitget Wallet is a significant p2023-10-21
- BitgetBitget Newsletter Within this week's newsletter, we discuss Javier Milei's election as Argentina's president, a notable event given his pro-Bitcoin stance amid the country's economic turmoil. This could signal a broader shift towards cryptocurrency adoption. We also look at HSBC's partnership with Metaco to launch a digital assets custody service, indicating mainstream financial institutions' growing interest in blockchain technology. Additionally, we analyze the decreasing presence of Bitcoin on exchanges and2023-11-24
- BitgetBitget Celebrates the Festive Season with a Crypto Christmas Event Amidst Santa Rally Speculations Introduction: As the bells jingle and the crypto market twinkles, Bitget cordially invites you to a Yuletide gala like no other. In the spirit of the 'Santa Rally,' that enchanting period when the stock market historically experiences a merry uptick, Bitget intertwines the joy of the season with the thrill of cryptocurrency. Understanding the Santa Rally: The Santa Claus Rally, a phenomenon witnessed in the blissful week before December 25, is not just a myth spun by the financial market's s2023-11-13