Blockchain Press Releases
Bitget Reports a 250% Surge in Assets of Third-Party Custody Accounts, Highlighting Opportunity Pursuit
VICTORIA, Seychelles, Feb. 9, 2024 /PRNewswire/ — Bitget, a leading cryptocurrency exchange and Web3 company, has released a report outlining the usage of custodial wallets among various segments of market participants. The document sheds light on important statistics regarding investor behavior and market dynamics, as well as the general development of the crypto economy.
The study utilized data from Bitget’s third-party custodial accounts, which were launched in August 2023 through collaborations with digital asset custody providers such as Copper and Cobo. The research aims to explore the relationship between various market indicators and the duration of usage of custodial crypto wallets, revealing the following key takeaways:
- Total assets under custody have surged by 250% in the past four months surrounding the anticipation and subsequent final approval of the BTC ETF.
- Custodial accounts nearly doubled since November 2023.
- 43% of custodial account holders with short-term interests use their accounts for repeat deposits;
- Around 77% of all custodial accounts are used for short-term purposes, highlighting the strategic opportunity pursuit;
A more in-depth look at the research indicates that the increase in custodial accounts is linked to the overall performance of the crypto market and the growing anticipation of a bull run among users. Another important factor influencing the surge is the ongoing integration of cryptocurrencies into everyday life. Macroeconomic and global factors such as local conflicts and mounting geopolitical tensions are also playing an important role in pushing users to seek financial refuge in cryptocurrencies to safeguard their savings.
Institutional adoption is in focus of the research, highlighting rising interest towards Bitcoin and Ethereum ETFs, leading to a spike in investors’ using custodial solutions. Along with the Bitcoin price fluctuations, these factors could be cited as the main reasons for driving the volume of assets under custody by 250% in just four months.
At the same time, market-wide statistics reveal that short-term storage is the main purpose for which users start using custodial wallets. Such users exhibit increased activity levels and typically maintain a balance exceeding $100,000 for less than three months. The predominance of short-term usage over long-term was identified clearly in November of 2023, when trading volumes began to increase sharply across the market, driving more users to open new accounts and capitalize on opportunities.
“Bitget’s latest study highlights a captivating trend within the cryptocurrency space. The indicators Bitget used for conducting the research included both open data, such as crypto market capitalization and custodial wallet account numbers, as well as more specific data, such as institutional investor engagement. The statistics underscore the dynamic nature of the crypto economy and we expect the recent approval of Bitcoin ETFs to accelerate cryptocurrency adoption further. As we continue to witness this growth, Bitget remains committed to providing valuable insights and solutions to our users, helping them navigate the ever-evolving landscape of digital assets,” said Gracy Chen, Managing Director of Bitget.
Bitget consistently publishes comprehensive studies covering a broad spectrum of subjects relevant to its operating markets and the global trends that shape the decentralized economy. These reports serve as invaluable resources for professionals and market participants alike, offering valuable insights into potential shifts in various industries and identifying opportunities for growth and development.
For the full report, please visit: https://www.bitget.com/blog/articles/bitget-reports-a-250-percent-surge-in-custodial-assets
About Bitget
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. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
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Blockchain Press Releases
BingX AI Evolution Begins: A $300M Vision to Build the Future of AI-Powered Crypto
PANAMA CITY, May 20, 2025 /PRNewswire/ — BingX, a leading cryptocurrency exchange and Web3 AI company, is excited to announce a bold, incremental strategy BingX AI Evolution to mark its 7th anniversary. This is a transformative blueprint that places artificial intelligence at the core of its innovation and operational roadmap. As part of this strategic shift, BingX plans to invest $300 million over the next three years to accelerate AI integration across its platform and ecosystem. This milestone initiative underscores BingX’s mission to redefine crypto with AI, driving meaningful progress across the Web3 space by embedding AI into every aspect of user experience, exchange operations, and future industry collaboration.
“We are thrilled to share this evolution as we celebrate our 7th anniversary. This is not just a product update — it’s a strategic reorientation,” said Vivien Lin, Chief Product Officer at BingX. “In the future, AI will become a defining engine of our evolution, enabling faster and smarter experiences. We want BingX to be more than just a trading platform — we want it to be a place where users feel empowered and genuinely supported by intelligent tools at every step of their journey. As AI grows more powerful, it’s crucial that innovation remains aligned with user needs and long-term trust. This drives our commitment to leading AI integration in crypto with both ambition and responsibility.”
AI as a Companion in Every User Journey
BingX will deploy AI across every stage of the user experience, beginning with an AI-powered tool to support users across various scenarios. From real-time market insights and position diagnostics to intelligent trade suggestions and trader analysis, the tool is designed to help users trade smarter and feel more confident. It addresses common concerns like market uncertainty and complex strategies. This marks the first step in making AI a true companion in every user journey.
Meanwhile, BingX Labs will accelerate investments in AI-native Web3 projects, incubating innovations that bridge decentralized technologies with machine learning capabilities.
AI at the Core of BingX DNA
Looking ahead, BingX is set to become an AI-native company in its operations, culture, and decision-making. From internal processes to strategic direction, AI will influence how BingX thinks, acts, and grows.
This long-term vision goes beyond the exchange platform, as BingX commits to playing a leadership role in building a responsible, resilient, and interoperable Web3 AI ecosystem. Through deep collaboration with industry partners, the exchange aims to co-create frameworks that ensure innovation is aligned with security, ethics, and shared standards.
AI x Web3: Shaping the Intelligent Future of Crypto
BingX recognizes that talent is the cornerstone of this revolution and aims to become the top-of-mind destination for individuals eager to lead and shape the next wave of breakthroughs in this dynamic field.
Meanwhile, BingX will establish a dedicated institute for AI research and innovation, designed to be the engine room for breakthroughs at the intersection of AI and Web3. This initiative reflects BingX’s long-term vision to not only adapt to the future — but actively build it.
BingX’s growth underscores its commitment to this AI evolution. The platform now serves over 20 million users worldwide and ranks among the Top 5 crypto derivatives trading platforms. Through BingX Labs, over $15 million has already been invested to accelerate innovation and support the broader Web3 ecosystem. As BingX moves forward, its AI-driven approach will continue to shape a more intelligent, inclusive, and connected digital economy — leading with purpose, inspiring progress, and unlocking smarter ways to AI-native future of crypto.
About BingX
Founded in 2018, BingX is a leading crypto exchange and Web3 AI company, serving a global community of over 20 million users. With a comprehensive suite of AI-powered products and services, including derivatives, spot trading, and copy trading, BingX caters to the evolving needs of users across all experience levels, from beginners to professionals. Committed to building a trustworthy and intelligent trading platform, BingX empowers users with innovative tools designed to enhance performance and confidence. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports sponsorship.
For more information please visit: https://bingx.com/
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Blockchain Press Releases
HTX Unveils Finalists for $6M Mars Program Special Edition, Space Journey Selection Enters Final Phase
SINGAPORE, May 20, 2025 /PRNewswire/ — HTX, a leading global cryptocurrency exchange, has officially announced five new finalists for its Mars Program: Special Edition, a once-in-a-lifetime spaceflight campaign personally funded by Advisor to HTX and Founder of TRON, Justin Sun. This brings the total number of candidates vying for a seat on a historic $6 million space voyage to twelve, as the program enters its final selection phase.
The five new candidates were chosen based on multiple factors including user registration duration, trading activity, asset balance, and referral contributions.
The UIDs of the newly selected candidates are: 269****10, 394****24, 448***68, 470****46 and 545****46. These five will join the seven previously selected Mars Program finalists—UIDs: 305****92, 416****94, 427****63, 436****64, 449****70, 464****24 and 471****74—forming a shortlist of 12 final candidates who will compete for one seat on a commercial spaceflight with Justin Sun in July 2025.
Official Announcement: https://www.htx.com.ec/support/85001963095003
The Mars Program: Special Edition is fully sponsored by Justin Sun, and represents a $6 million investment to make space exploration accessible to the broader crypto community. As the first initiative of its kind in the industry, the campaign underscores HTX’s mission to push the boundaries of user engagement and bring real-world value to its global community. Since its launch, the campaign has attracted a large number of participants from around the world.
Following the selection of the 12 finalists, the program now enters a critical evaluation phase. Candidates will undergo training and assessment organized by the HTX team. The final space representative will be selected based on performance during this stage. The winner and further updates will be announced through HTX’s official channels.
HTX emphasized that this initiative is not only a continuation of the Mars Program, which has completed seven previous rounds, but also a strategic effort to enhance the platform’s global visibility and user loyalty. By offering extraordinary experiences to everyday users, HTX demonstrates its commitment to innovation, inclusion, and long-term value creation within the Web3 ecosystem.
About HTX
Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.
As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.
To learn more about HTX, please visit HTX Square or https://www.htx.com/, and follow HTX on X, Telegram, and Discord.
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Blockchain Press Releases
HTX Launches Multi-Assets Collateral Mode for USDT-Margined Futures, Empowering Traders With Enhanced Capital Efficiency
SINGAPORE, May 20, 2025 /PRNewswire/ — HTX, a leading global cryptocurrency exchange has rolled out a major product upgrade with the official launch of the Multi-Assets Collateral Mode for USDT-margined futures, now available to all users. This new feature marks a significant step forward in flexible capital deployment, enabling users to trade more efficiently without the need to convert collateral assets.
A New Standard for Futures Flexibility
The Multi-Assets Collateral mode introduces a breakthrough in futures trading by allowing users to use BTC, ETH, and other non-USDT assets as collateral when trading USDT-margined futures.
This innovation breaks away from the conventional requirement of posting margin in USDT, offering enhanced flexibility for traders. At launch, supported collateral assets include USDT, BTC, and ETH, with HTX planning to expand the list based on market dynamics and technical readiness. Users are encouraged to stay updated via HTX’s official announcements for future asset additions.
A Capital Efficiency Booster for Long-Term Holders
The core benefit of the Multi-Assets Collateral mode lies in maximizing capital efficiency. It’s particularly attractive to long-term holders who prefer to retain exposure to major cryptocurrencies like BTC and ETH while remaining active in the futures market.
Previously, users had to convert their BTC or ETH into USDT to access the USDT-margined futures market, a step that not only added friction and cost but also introduced the risk of missed market opportunities. Now, with multi-assets collateral enabled, users can directly transfer assets, such as BTC and ETH into their USDT-M Futures accounts as margin with no conversion required.
For example, BTC holders who are bullish on the long term can now leverage their holdings for short-term USDT futures trades, profiting from market volatility while maintaining upside exposure. This dual approach — asset preservation and active trading — enhances portfolio diversification and performance, injecting fresh energy into the market.
HTX Continues to Set the Pace for Futures Innovation
The launch of the Multi-Assets Collateral mode for USDT futures reaffirms HTX’s commitment to delivering user-centric innovation and shaping the next phase of the crypto trading infrastructure.
Looking ahead, HTX will continue to optimize the new feature performance, enhance trading stability, and expand supported collateral assets to better meet diverse user needs. The platform is also working to introduce more advanced trading tools and strategies, aiming to offer a comprehensive, professional-grade futures trading experience.
About HTX
Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.
As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.
To learn more about HTX, please visit HTX Square or https://www.htx.com/, and follow HTX on X, Telegram, and Discord.
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