- Irrespective of the decline in the market, Bitget recorded one of the highest increases in market share, rising to 9.43% in September
- BGB token became one of the Top 5 platform tokens by market cap and the number of BGB holders kept increasing and reached 354,472 in Q3
- Bitget unveiled its expansion plans into the Middle East region
- Bitget launched the US$100 million EmpowerX Fund to support the development of its Web3 ecosystem
VICTORIA, Seychelles, Oct. 20, 2023 /PRNewswire/ — Bitget, top crypto derivatives and copy trading platform, has released its quarterly Transparency Report highlighting the major achievements of the platform for Q3 of 2023. The report emphasizes the platform’s remarkable performance during a challenging market period and showcases the exceptional growth of its native token, BGB.
In Q3 2023, the overall industry faced a gloomy market situation. According to CCData’s report, the spot trading volume on centralized exchanges is US$1.33 trillion, and the derivative trading volume is US$4.8 trillion, decreasing by 22% and 23% respectively. In September, the combined spot and derivatives trading volume on centralized exchanges fell for the third consecutive month, dropping 20.3% to US$1.67 trillion. Irrespective of the decline, Bitget recorded one of the highest increases in market share, rising to 9.43%.
Factors contributing towards this growth include Bitget’s native token BGB’s exceptional performance this year. BGB outperformed most platform tokens as the Top 5 platform tokens by market cap. The price rose from US$0.18 at the beginning of the year to a quarterly high of US$0.4927 in September.
“The exceptional performance of BGB reflects Bitget’s strong commitment to accelerating crypto adoption with its DeFi and CeFi products in the ecosystem. We are dedicated to providing our users with innovative and secure trading solutions, and the growth of BGB is the result of trust and support of our growing community,” said Gracy Chen, Managing Director at Bitget.
The anticipation surrounding the relaunch of the system’s launchpad led to an extraordinary surge, pushing its value to an all-time high of US$0.5152 in February. The holders of BGB kept increasing and reached 354,472 in Q3 while the volume of BGB traded in the last three months reached over US$1.3 billion.
The overall Bitget ecosystem performance has been stable through the market turbulence. Bitget’s Protection Fund consistently exceeded US$300 million past quarter. In July, its worth peaked at US$368 million, representing the highest level attained that month. This provides an extra security layer to users’ funds besides Bitget’s over 200% Proof-of-Reserves ratio.
Bitget partnered up with multiple industry stakeholders to bring simplicity and convenience to crypto tax reporting, portfolio management, and trading automation, and introduce better data offerings. This includes collaborations with Cointracking, Coinstats, CCData, Koinly, 3commas, Cobo Superloop, and more.
Bitget constantly leads initiatives aligning with its vision of creating a more equitable future where crypto evolution reforms finance. In Q3 Bitget, implemented its latest rebranding initiative, and focused on strengthening its position as a leader in innovative trading products.
Bitget also emphasized its expansion plans into the Middle East region. Among the countries the exchange is exploring are Bahrain and the UAE, including the crypto-friendly emirates of Dubai, Abu Dhabi, and Ras Al Khaimah.
In Q3 September, Bitget launched its US$100M EmpowerX Fund dedicated to fostering the platform’s ecosystem development. This strategic fund is tailored to explore investment opportunities in regional exchanges, data analytics firms, media organizations, and other entities contributing to the platform’s growth trajectory.
Celebrating its fifth anniversary, Bitget hosted the momentous EmpowerX Summit in Singapore, a flagship event that brought together nearly 1900 esteemed guests, featuring over 247 distinguished speakers and partners. The summit served as a platform for engaging in discussions on the transformative potential of crypto and web3 ecosystems. Notable keynote speakers such as Tim Draper, Haseeb Qureshi, and Justin Sun emphasized the platform’s continued commitment to empowering the crypto community.
With its quarterly reports, Bitget aims to establish industry gold standards for transparency and trustworthiness. As it continues to lead innovation and create a more inclusive financial future for all, Bitget demonstrates an uncompromising commitment to security and reliability.
Established in 2018, Bitget is the world’s leading cryptocurrency exchange and web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Bitget Wallet, the web3 arm of Bitget, is a decentralized multi-chain digital wallet supporting 250,000+ cryptocurrencies across 90+ chains, enabling exploration of DEX, DeFi, NFT, and metaverse. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.
US blockchain company, Constellation Network, Welcomes Leading Experts from Top Enterprises and U.S. Government Agencies to their Enterprise Advisory Board.
SAN FRANCISCO, Dec. 6, 2023 /PRNewswire/ — Constellation Network, a trailblazing US blockchain enterprise, proudly unveils its Enterprise Advisory Board, marking a significant stride in expanding its influence across commercial, enterprise, and federal sectors. This board, comprising distinguished leaders from diverse backgrounds, underscores Constellation’s commitment to innovation and security, notably as the first blockchain to develop secure communications for the US Department of Defense.
The board members, selected for their expertise and visionary leadership, include:
Erik Bethel, a global finance expert with significant public and private sector experience, including a pivotal role at the World Bank. His insights into blockchain and AI technologies are invaluable for advancing Constellation’s strategic objectives.
Michael Sandoval, a former Microsoft executive and current CEO of AI Research Corporation, brings a wealth of experience in AI, cybersecurity, and technological architecture, enhancing Constellation’s approach to secure communications and blockchain technology.
Alan Boehme, with over 25 years in global corporations, including H&M and Coca-Cola, offers a deep understanding of emerging technologies. His expertise will be pivotal in guiding Constellation’s technological innovations and applications across industries.
Art Seabolt, a technology specialist with four decades of experience, including senior executive roles, contributes his knowledge in large-scale data management and technology innovation, crucial for Constellation’s big data and blockchain initiatives.
Ken Spedden, recognized by the White House Office of Science and Technology Policy for his technological innovations, brings a unique perspective on applying technology to complex societal and security challenges. His experience in inter-agency collaboration and technology application bolsters Constellation’s mission in leveraging blockchain for wide-ranging societal and national security needs.
The formation of this board is a testament to Constellation Network’s dedication to harnessing Web3 technology for addressing global and industry-specific challenges. This initiative is a key component of Constellation’s strategy to pioneer blockchain applications that are secure, scalable, and transformative.
For more details about these advisors and their contribution to Constellation Network’s vision, visit https://constellationnetwork.io/team.
About Constellation Network, Inc.
Constellation Network is a dynamic force in blockchain, offering an open-source framework for business development. The assembly of this board is a decisive move in solidifying Constellation’s position as a leader in blockchain.
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Bybit Leads Green Revolution with 5ire Blockchain’s Stellar Market Debut
DUBAI, UAE, Dec. 6, 2023 /PRNewswire/ — Bybit, the world’s third-largest crypto exchange by volume, is proud to announce the successful listing of 5ire, an innovative blockchain project that marries sustainability with cutting-edge technology.
Marking a monumental shift in eco-friendly blockchain solutions, the $5IRE token has seen a remarkable performance, quintupling in value at the time of writing, with its growth trajectory looking promising.
“5ire’s integration on Bybit is not just a success story about investment returns; it’s a leap forward in blockchain’s evolution towards sustainability,” said Ben Zhou, co-founder and CEO of Bybit. “This listing reinforces our commitment to supporting not only technologically advanced but also ethically grounded projects.”
5ire has emerged as a pioneer, being the first Layer 1, EVM-compatible blockchain platform to align with the United Nations Sustainable Development Goals. Its sustainable proof of stake model underlines its commitment to reducing the environmental impact of blockchain technology.
As India’s rapidly ascending unicorn, 5ire is charting a course for a sustainable blockchain future, aligning with global initiatives and government partnerships. For example, partnerships with diverse government bodies such as the Muzaffarnagar Police, Nebraska Police Department, and the Ministry of Agriculture in Nigeria.
5ire was launched on Bybit Launchpad — a pioneering token launch platform, which offers investors the exclusive opportunity for early access to new and pre-listed tokens from promising projects, directly accessible on the Bybit platform. To participate, investors commit specific amounts of Mantle (MNT) or Tether (USDT) towards each new project, resulting in the acquisition of new tokens.
#Bybit / #TheCryptoArk
Bybit is a top-three cryptocurrency exchange by volume with 20 million users established in 2018. It offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
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Nubank Cripto Integrates Talos’s Smart Order Routing System to Reduce Trading Costs
Partnership makes access to liquidity providers even more efficient, offering better buying and selling prices in Brazilian reais for cryptocurrencies in the Nu app
SÃO PAULO, Dec. 5, 2023 /PRNewswire/ — In another step towards developing the cryptocurrency trading platform Nubank Cripto, Nubank announced today its integration with Talos, the premier provider of institutional digital asset trading technology. With this partnership, customers who wish to trade crypto assets in Brazilian reais through the Nu app will benefit from reduced costs through Talos’s Smart Order Routing engine and connectivity to optimize trade execution across multiple liquidity providers.
“Nubank Cripto will continue to evolve as a platform that combines simplicity and robustness for cryptocurrency enthusiasts. With Talos, we have made further progress in this direction to offer users even more competitive prices securely and reliably when trading cryptocurrencies through an extensive network of settlement providers,” says Thomaz Fortes, leader of Nubank Cripto.
Currently, more than 60 partners make up the Talos Provider Network for cryptocurrency trading operations, including the Chicago Mercantile Exchange and the Chicago Board Options Exchange. Talos provides connectivity to venues that allow for FX, Spot, Futures, Perpetuals and Options trading while simultaneously providing advanced tooling for Portfolio and Treasury Management. Through Talos’s services, Nubank will have the ability to source liquidity from local providers in native Brazilian real pairs as well as from global partners for US dollar pairs and also token to token swaps enhancing the ability to deliver best price execution to Nubank’s customers.
“Digital assets have an important role to play in the financial future of Brazil, and we are proud to be working with Nubank to help expand access to digital asset liquidity in local currency to help deliver best price execution to their customers,” said Anton Katz, CEO and Co-Founder of Talos. “As Nubank grows in Latin America, Talos’s services can scale to support their customers in other countries and currencies in the future.”
Talos’s order execution management technology is designed to deliver advanced trading capabilities and greater efficiency to partner companies and their end customers. One of the key features is smart order routing to various liquidity providers with whom Nubank may work. The Talos platform for Nubank Cripto also includes algorithms developed exclusively for customer transactions, real-time market data integration, execution analysis, and compliance tools.
Nubank Cripto in constant evolution
The integration with Talos comes at a time of diversification in the offering of cryptocurrencies within the Nubank Cripto experience. In 2023 alone, 11 new digital asset options have been added for trading, including the latest addition: the stablecoin USDC. Currently, there are 15 cryptocurrencies available in the app, in addition to Nucoin, a utility token for the loyalty program.
The platform has made significant improvements in security by adopting Fireblocks’ software for managing digital asset operations on the blockchain. Through this widely recognized and adopted technology by leading crypto custodians worldwide, Nubank has developed its proprietary custodial solution for Nubank Cripto customers’ crypto assets. This initiative ensures the implementation of the strictest governance practices in the industry. Talos also integrates with Fireblocks, ensuring efficient and automated workflows.
Nu was born in 2013 with the mission to fight complexity to empower people in their daily lives by reinventing financial services.
We are one of the world’s largest digital financial services platforms, serving 90 million customers across Brazil, Mexico, and Colombia. As one of the leading technology companies in the world, Nu leverages proprietary technologies and innovative business practices to create new financial solutions and experiences for individuals and SMEs that are simple, intuitive, convenient, low-cost, empowering, and human. Guided by its mission, Nu is fostering access to financial services across Latin America.
Talos provides an institutional-grade technology infrastructure that supports the full lifecycle of digital assets trading including liquidity sourcing, price discovery, trade execution, settlement, lending, and borrowing. Engineered by a team with unmatched experience building institutional trading systems, the Talos platform connects institutions to various providers in today’s digital asset ecosystem – exchanges, OTC desks, prime brokers, lenders, custodians and more – through a single point of entry. This streamlines the entire trading process, mitigates intermediary risk, and provides institutions a clear path to best execution. For additional information, visit www.talos.com.
Talos Disclaimer: Talos offers software-as-a-service products that provide connectivity tools for institutional clients. Talos does not provide clients with any pre-negotiated arrangements with liquidity providers or other parties. Clients are required to independently negotiate arrangements with liquidity providers and other parties bilaterally. Talos is not party to any of these arrangements. Services and venues may not be available in all jurisdictions.
- US blockchain company, Constellation Network, Welcomes Leading Experts from Top Enterprises and U.S. Government Agencies to their Enterprise Advisory Board.
- Bybit Leads Green Revolution with 5ire Blockchain’s Stellar Market Debut
- Nubank Cripto Integrates Talos’s Smart Order Routing System to Reduce Trading Costs
- Unlocking Potential: Saudi Arabia’s ICT Market Insights Revealed by Infinium Global Research
- Milk Coin (MLK) is newly listed on Bybit, one of the largest crypto exchanges in global
- Bybit’s 5-Year Milestone: CEO Ben Zhou Reflects on Half a Decade of Crypto Leadership
- Bitget To List Carbon Browser (CSIX) in Spot Market and Innovation Zone
- Institutions Have Doubled their Bitcoin Allocations this Year, New Bybit Report Shows
- Set Sail on a Crypto Voyage: Bybit Announces ByBUIDLERs Cruise Contest to Dubai in Partnership with Sea Summit
- Bitget Wallet Integrates TON Mainnet, Prepares for TON and Telegram-Based Innovative Products
- United Nations Development Programme Partners with Algorand to Launch a Blockchain Academy
- Talos Teams up with Uniswap Labs and Fireblocks in Landmark Partnership to Bring DeFi Liquidity to Institutional Investors
- 11.30 – Bitget Wallet Integrates TON Mainnet, Prepares for TON and Telegram-Based Innovative Products
- Term Structure Secured an Initial Funding of USD 4.25 Million in a Series Seed Fundraising Round, With Cumberland DRW Leading the Investment
- Bitget Announces Listing of Friend3, Supporting Social dApp Innovation
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