Blockchain Press Releases
Bitget Research Report Unveils 1.5 Million Daily Active Crypto Traders in Western European
VICTORIA, Seychelles, March 28, 2024 /PRNewswire/ — Bitget Research, the research arm of the world’s leading cryptocurrency exchange and Web3 company, has released a report analyzing the structure and the current landscape of the cryptocurrency markets of Western Europe. The region showcases characteristics such as large cryptocurrency trading volumes, high DeFi activity levels, a responsible and regulated approach, and relatively lower usage of P2P trading.
Key takeaways:
- The number of local daily crypto traders ranges from 1.2 million to 1.5 million.
- Germany and France lead in terms of crypto trading activity.
- Austria witnessed the fastest growth in crypto traders between December 2022 to December 2023, with a 70% increase in users.
- Western European users are generally well-educated and risk-conscious in their cryptocurrency investments.
- The local trading strategy typically involves a combination of contracts and spot trading, and investment in mainstream assets.
- Regional users demonstrate high participation in decentralized projects, NFTs and Web3 platforms, and active engagement in popular chain ecosystems like Solana.
- DeFi usage constitutes the majority of cryptocurrency activity in Western Europe, while P2P trading volumes remain notably low.
Western European countries, characterized by developed economies and high general education levels, rank among the regions with the highest cryptocurrency adoption globally. The importance of Western Europe within the cryptocurrency industry continues to grow, as evidenced by the daily trading participation on centralized and decentralized exchanges ranging from 1.2 million to 1.5 million individuals. While Germany and France lead in activity levels, Austria has experienced the most rapid yearly growth in crypto traders, with a remarkable 70% surge in users. Germany closely followed with a 69% increase, while other Western European countries demonstrated slower growth rates ranging between 15% and 20%.
Overall, cryptocurrency activity in Western Europe benefits from a clearer level of compliance compared to other regions with countries like Germany, Switzerland, Belgium, France, Austria, Liechtenstein, Luxembourg, and the Netherlands adhering to the legislative framework established by the European Union for regulating crypto assets.
Centralized Exchanges and Spot Trading Prevail
Upon analyzing local market trends and trading instrument preferences, it was observed that users in Germany, Switzerland, and the Netherlands exhibit a preference for trading futures, whereas the remaining countries lean towards spot trading.
When it comes to trading cryptocurrency, the majority of Western European users demonstrate an inclination towards centralized exchanges, with CEX traffic surpassing DEX by 10 times. Among users opting for decentralized platforms, PancakeSwap and Uniswap emerge as the most popular exchanges. Additionally, Coinbase Wallet, Metamask, Bitget Wallet, and TrustWallet are the most commonly utilized cryptocurrency wallets across the eight countries.
Over the past year, the overall traffic to centralized exchanges from Western European users has shown a significant upward trend, especially in Germany, Switzerland, and Poland. Germany and Switzerland saw a year-over-year increase of more than 50%, with Poland experiencing a growth rate of 145%. However, the growth in France and Belgium was not as pronounced, with Belgium even seeing a 6.8% decline compared to the same period last year.
DeFi usage constitutes the majority of cryptocurrency activity in Western Europe, while P2P trading volumes remain notably low. One reason for the region’s limited adoption of crypto P2P is the prevalent practice of purchasing digital assets using fiat deposits or linked cards. In contrast, regions like South East Asia see P2P transfers as the primary instrument of cryptocurrency trading, given the lesser prevalence of card deposits.
Choice Of Assets And Trending Topics in Western Europe
Among popular sectors and projects, regional users demonstrate high participation in decentralized projects, familiarity with DEX tools and trading, NFTs, and Web3 platforms, and active engagement in popular chain ecosystems like Solana.
In terms of asset choice, emerging cryptocurrencies such as Ordinals, NFTs, RWAs, DePin, Solana ecosystem and meme coins have garnered significant attention among traders across Western Europe since the beginning of the year.
According to Western European market data, the trending topics and coins of choice include significant growth in the Solana ecosystem driven by token launches and airdrops, as well as increased interest in Manta Network and Ondo Finance. Additionally, there is sustained attention on second and third-tier chains such as CRO, FTM, and SUI, suggesting continued engagement despite minimal news or major announcements.
Western European Crypto Trader Behavior
The Bitget research suggests that cryptocurrency participants in the region typically possess a high level of education, exercise caution, and prioritize long-term investments. Additionally, a significant portion of local users actively engage in both online and offline forums, including community Ask Me Anything (AMAs), where they exchange market insights and discuss industry trends. Furthermore, they place a premium on legality and demonstrate a keen interest in adhering to Know Your Customer (KYC) and anti-money laundering (AML) regulations.
In terms of strategy, choice of trading instruments and platforms, Western European traders show conservatism — they carefully examine the market options and once chosen, tend to be loyal users.
Local Market Predictions For 2024
Based on the comprehensive study, Bitget Research foresees the following trends in the Western European market for 2024:
- Germany and France will remain key hubs of cryptocurrency activity in the region.
- The interest of Western European users in on-chain solutions, particularly in the category of NFTs, DEXes, and blockchain games, will continue to grow. One-two blockchain projects run by Western European teams will gain the leading position in their sectors.
- Decentralized exchanges will meet the growing demand for on-chain transactions, while emerging centralized exchanges, offering superior customer service and platform features, may gain new adoption among Western European users.
- Increased engagement with Solana ecosystem projects will benefit crypto wallets, which offer integration across various blockchain ecosystems.
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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ROME, May 9, 2024 /PRNewswire/ — Raiinmaker, a Web3 and AI Technology company that has developed the Raiinmaker AI Super App and Raiinmaker Network is revolutionizing the monetization of users’ contribution to AI infrastructure. Today, Yield App proudly announced that an exclusive $200,000 allocation of Raiinmaker’s native token, $COIIN, will be the second-ever offering on its Angel Launchpad!
Established in 2018, Raiinmaker is on a mission to empower anyone with a smartphone anywhere in the world, to earn cryptocurrency through training AI models and running an independent validator node. By leveraging groundbreaking Web3 and AI technology, Raiinmaker provides a decentralized platform for AI developers and validators to collaborate securely and exchange AI models.
Validators on Raiinmaker earn rewards for their contributions, fostering a culture of active engagement and top-tier performance. The platform operates on a transparent governance framework, allowing community members to play a pivotal role in decision-making processes.
Raiinmaker’s token and platform are designed with interoperability in mind, ensuring seamless integration with major blockchain networks. The Raiinmaker Network Protocol harnesses decentralized AI and scalable Web3 infrastructure to redefine the value associated with identity, data, and behavior. Built on this network, Raiinmaker’s Super App is set to transform how users monetize their contributions to AI infrastructure via the platform’s native token, $COIIN.
Raiinmaker’s team is composed of industry veterans from corporate giants such as Disney, Oracle and Boeing. With a wealth of experience and a shared passion for innovation, this team is driving Raiinmaker’s mission to revolutionize the digital landscape.
“We’re excited to be the second project with our native token, $COIIN, as an offering on the Yield App Angel Launchpad and we share the same vision of providing investment opportunities for crypto enthusiasts,” said J.D. Seraphine, Founder and CEO of Raiinmaker.
Raiinmaker’s $COIIN token will be offered on the Yield App Angel Launchpad on 9 May 2024. To prepare for launch day, Yield App users can ensure they have a positive USDT balance in their Yield App wallet. This will be used for token allocation during the pledge period.
Before making their pledge, Yield App users must also have Gold tier, Diamond tier, or Angel status. This can be achieved by staking YLD on the Yield App platform. For more details on YLD and the loyalty program, visit the YLD page on Yield App’s website.
With Angel status, users enjoy exclusive benefits such as guaranteed minimum allocation on each Launchpad launch and no maximum pledge cap. Plus, Angel status includes all the benefits of Diamond tier, including top rates on all products. Users can now unlock unlimited access to Angel Launchpad by buying Lifetime Angel status with a one-time fee of 50,000 YLD or by staking 100,000 YLD.
During the pledge period, participants will need to submit a Base Protocol (BASE) address to receive their token allocation, paving the way for a seamless user experience.
“We are thrilled to welcome Raiinmaker and their innovative $COIIN token to the Yield App Angel Launchpad,” said Tim Frost, CEO of Yield App. “Our second Launchpad offering aligns with our vision of empowering users in the digital asset space, and opens up an exciting opportunity for our users with Gold tier, Diamond tier, or Angel status.”
For more updates on the official offering of $COIIN token, visit the Yield App Angel Launchpad website.
About Raiinmaker
Raiinmaker is a Web3 and AI Technology Company that has developed the Raiinmaker AI Super App and Raiinmaker Network Protocol, which revolutionizes the monetization of users’ contribution to AI infrastructure.
About Yield App
Yield App is a digital wealth platform that serves as a digital wealth partner to its customers. The company’s mission is to provide safe custody for digital assets and enable users to exchange and earn at market-leading rates. Yield App achieves this through its innovative technology that seamlessly bridges traditional and decentralized finance, offering users a more efficient and user-friendly way to manage their portfolios.
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Blockchain Press Releases
Bitrue Enhances User Experience with USDC & USDT Integration on NEAR Protocol Network
VICTORIA, Seychelles, May 9, 2024 /PRNewswire/ — Leading cryptocurrency exchange, Bitrue has today announced that it has completed the integration of USD Coin (USDC) and Tether (USDT) on the NEAR Protocol Network. Deposits and withdrawals will be opened at 8:00 UTC, May 10, 2024.
NEAR Protocol has integrated native support for USDC and USDT, enhancing its utility and appeal to developers, traders, and institutional players. This strategic move facilitates faster transactions, boosts security, and simplifies the user experience, eliminating reliance on third-party bridges. The integration is expected to attract institutional investors, foster economic growth, and position NEAR Protocol as a leader in blockchain technology and decentralized finance (DeFi).
To commemorate the occasion, Bitrue will be hosting an “Ask Me Anything” session on their Twitter account, with questions taken directly from their user base. A call for questions from the community has already been put out, and the most popular or incisive questions will be asked to Altan Tutar, a Core Contributor of NEAR Protocol on May 9, 2024 at 13:00 UTC. Additional flexible staking campaigns on Power Piggy will also be launched thereafter.
NEAR protocol is an established cryptocurrency organization that has already entered into partnerships with major web3 firms including Polygon and EigenLayer, as well as with tech giants such as Alibaba and Google. Their revolutionary technology enables extreme abstraction of interchain operability in the web3 space, allowing developers to easily leverage the most powerful aspects of all blockchains, and for consumers to interface with their technology without even realizing that they are using blockchain at all.
“It’s always a great pleasure to welcome a new member into Bitrue, and with NEAR we’re thrilled to list a project that already boasts such a robust infrastructure and enthusiastic community.” said Robert Quartly-Janeiro, Chief Strategy Officer and Spokesperson for Bitrue, before adding, “More news of upcoming partnerships will be shared very soon.”
NEAR has had a very successful Q1 in 2024, with its price outpacing many stalwarts in the space such as Bitcoin and Ethereum, and its adoption growing by 42% as measured by daily active addresses.
Bitrue has planned for a very aggressive 2024, identifying and listing coins at a rapid pace that it believes will be of value to its traders. New projects wishing to list on the exchange can contact Bitrue directly, or find company representatives at all major cryptocurrency conferences around the globe.
About Bitrue
Launched in July 2018, Bitrue is a diversified digital asset exchange that supports trading, loans and investments. Bitrue aims to utilize blockchain technology to bring financial opportunities to everybody regardless of their location or financial position. It has offices in Asia and Europe, and continues to develop new features at a rapid speed to fully service the new wave of the digital economy. More information is available at Bitrue’s website.
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Blockchain Press Releases
WSPN Empowers Digital Transactions by Teaming Up with 12 New Exchanges for Enhanced Accessibility
TORTOLA, British Virgin Islands, May 9, 2024 /PRNewswire/ — WSPN, a leading global digital payments company renowned for its commitment to transparency, speed, and efficiency, is excited to announce its latest milestone. In April 2024, WSPN has forged strategic partnerships with 12 new exchanges, marking a significant step forward in advancing digital payment innovation and fostering the widespread adoption of digital asset trading.
Originally established with an exclusive partnership with BitMart, WSPN is dedicated to expanding its reach and impact within the digital payments landscape. By forging alliances with a diverse range of exchanges, WSPN aims to create greater accessibility and liquidity for its flagship digital currency, WUSD (Worldwide USD).
With the primary trading pair on these exchanges being WUSD/USDT, WSPN is poised to catalyze the growth of digital asset trading across multiple platforms. By leveraging the strength of its partnerships, WSPN seeks to empower users with seamless and secure avenues for engaging in digital asset transactions.
WUSD is now available on the following exchanges:
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- BitMart: A globally recognized digital asset trading platform.
- BigOne: A user-friendly cryptocurrency exchange catering to both novice and experienced traders.
- Biconomy: An innovative decentralized exchange (DEX) focused on enhancing user experience and security.
- HIBT: A leading exchange platform offering a wide range of digital assets for trading.
- MEXC: A trusted cryptocurrency exchange providing secure and efficient trading services.
- Hotcoin: An emerging exchange platform committed to fostering the growth of digital asset markets.
- NexDAX: A next-generation cryptocurrency exchange offering advanced trading features and liquidity solutions.
- VinDAX: A premier exchange platform facilitating seamless trading experiences for users worldwide.
- CITEX: A dynamic digital asset trading platform with a strong focus on user security and satisfaction.
- BankCEX: A reliable exchange platform offering diverse digital asset trading options.
- Tidex: An intuitive cryptocurrency exchange empowering users with advanced trading tools and resources.
- P2B: A progressive exchange platform dedicated to driving innovation and accessibility in digital asset trading.
- Latoken: A leading cryptocurrency exchange with a global presence and a commitment to fostering financial inclusion.
Through these strategic partnerships, WSPN is committed to empowering users with enhanced access to digital payment solutions and expanded opportunities for participating in the burgeoning digital economy. By bridging the gap between traditional finance and the digital realm, WSPN is driving forward the evolution of global commerce.
As WSPN continues to pioneer advancements in digital payments and blockchain technology, these new partnerships serve as a testament to its unwavering dedication to innovation and progress. With WUSD now available on a diverse array of exchanges, users worldwide can seamlessly engage in digital asset trading with confidence and convenience.
About WSPN
WSPN is a global digital payments company that provides transparent, fast, and efficient digital payment solutions leveraging the latest technological advancements of Distributed Ledger Technology (“DLT”). We are dedicated to shaping seamless digital payment solutions for our global partners worldwide at the frontier of future digital payments and financial inclusion.
Worldwide USD (‘WUSD’), WSPN’s flagship USD stablecoin, is a fiat-collateralized stablecoin that is pegged to the U.S. Dollar at a 1:1 ratio. Dedicated to optimizing payment solutions for web3 industry enterprise users, WUSD empower the real economy through secure, compliant digital payments, spanning stablecoins, exchanges and cards, all geared for global expansion.
Learn more: www.wspn.io | Twitter | LinkedIn | Instagram
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View original content:https://www.prnewswire.co.uk/news-releases/wspn-empowers-digital-transactions-by-teaming-up-with-12-new-exchanges-for-enhanced-accessibility-302140723.html
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