Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Blockchain Press Releases

Bitget Q1 2024 Report: Volume Surges Over 100% and BGB Token Breaks All-Time High

Published

on

bitget-q1-2024-report:-volume-surges-over-100%-and-bgb-token-breaks-all-time-high

VICTORIA, Seychelles, April 11, 2024 /PRNewswire/ — Bitget, the world’s leading cryptocurrency exchange and Web3 company, has unveiled its Q1 2024 Transparency Report, showcasing the ecosystem’s accomplishments and growth over the past three months. Notably, Bitget experienced a 100% surge in transaction volumes for both spot and futures trading compared to preceding quarters, propelling its platform token BGB to soar over 80% in Q1.

Performance Highlights:

  • Bitget now serves 25M users worldwide, futures trading volume increased 146% to US$ 1.4 trillion and spot was also up 100% in Q1 2024.
  • Bitget saw the highest increase in derivatives market share, with a growth of 2.4% in March.
  • BGB price breached $1 witnessing the largest increase in market cap of CEX tokens with a gain of 434% since 2023.
  • Bitget listed 186 new tokens with 7 Launchpool projects in the first quarter.
  • Bitget launched a $10M Blockchain4Her initiative.
  • Celebration of second-year partnership with Messi and raised funds for Club Caacupé.

Bitget’s futures trading volume was approximately US$ 1.4 trillion, representing a 146% increase, and our spot trading volume increased by 113% to over US$ 160 billion in Q1 2024. Bitget saw the highest increase in derivatives market share, with a growth of 2.4% in March. Meanwhile, Bitget’s user base has expanded to over 25 million users globally, demonstrating significant growth and widespread adoption.

Bitget’s native token, BGB, had a remarkable quarter, surpassing 1 in February and witnessing a substantial surge in market capitalization to 1.5 billion. Since the start of 2023, BGB has delivered gains of 434%, outpacing BTC and emerging as a standout performer in the CEX token market.

Thanks to the platform’s proactive listing strategy, Bitget introduced 186 new tokens, expanding its offerings to over 750 tokens and 820 spot trading pairs. Notably, tokens like XAI, GPT, and PIXEL witnessed remarkable growth, surging over 3000%.  Bitget also launched a zero-fee trading campaign on Bitcoin and Ethereum for USDT spot trading pairs in celebration of the milestones achieved by Bitcoin and Ethereum.

Maintaining its culture and social responsibility, Bitget released a gender gap disparity report, launched a $10M Blockchain4Her initiative, and invited 3 industry leaders as ambassadors. On the community side, Bitget extended support by donating all SLERF trading fees to its rebuilding plan. Bitget organized fundraising events for Club Caacupé, a non-profit organization dedicated to youth development, celebrating its second-year partnership with football icon Lionel Messi.

Furthermore, Bitget announced the appointment of Vugar Usi Zade and Alvin Kan as Chief Operations Officers for Bitget and Bitget Wallet, respectively, bringing extensive experience and strategic vision to drive global growth and innovation in its ecosystem.

Gracy Chen, Managing Director of Bitget, comments: “The first quarter of 2024 has witnessed numerous significant market developments, such as the approval of spot Bitcoin ETFs and Bitcoin achieving a new all-time high. In the midst of these pivotal industry events, we’re thrilled to present our Bitget Transparency Report. This report sheds light on our impressive growth, our initiatives to foster a sense of community, and our strides in corporate social responsibility. This year, Bitget is doubling down on its commitment to enhance our spot market offerings. We aim not only to bolster our market position but also to contribute tremendously to the broader crypto ecosystem, supporting startups with high potential to grow.”

To access the full Bitget Q1 2024 Report visit – https://www.bitget.com/blog/articles/bitget-transparency-report-q1-2024 

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 25 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

Photo – https://mma.prnewswire.com/media/2384571/Bitget_Q1_2024_Report_Volume_Surges_Over_100__BGB_Token.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/bitget-q1-2024-report-volume-surges-over-100-and-bgb-token-breaks-all-time-high-302114259.html

Continue Reading

Blockchain Press Releases

KuCoin Ventures Announces Strategic Investments in ELFi Protocol to Enhance Derivatives Trading Experience

Published

on

kucoin-ventures-announces-strategic-investments-in-elfi-protocol-to-enhance-derivatives-trading-experience

VICTORIA, Seychelles, May 20, 2024 /PRNewswire/ — KuCoin Ventures, the investment arm of the global cryptocurrency exchange KuCoin, has announced a strategic investment in ELFi, a cutting-edge decentralized derivatives trading platform. This collaboration marks a significant milestone in the evolution of the cryptocurrency derivatives market, emphasizing the strategic partnership between the two entities.

ELFi has been at the forefront of innovation in the decentralized finance (DeFi) space, offering a suite of advanced trading functionalities that cater to both retail and institutional investors. As a pioneer in supporting Portfolio Margin within the P2Pool model, ELFi has demonstrated its commitment to providing sophisticated risk management systems for listing contracts across various risk levels.

The strategic partnership between KuCoin Ventures and ELFi is expected to unlock new opportunities for both parties. Leveraging the industry insights of KuCoin Ventures, ELFi is set to achieve substantial growth. Conversely, ELFi’s innovative trading solutions will diversify services offered by KuCoin Ventures. Some of the key highlights of the partnership include: enhanced liquidity for ELFi, advancements in risk management for all participants and innovation in pool designs.

KuCoin Ventures is excited to partner with ELFi, a platform that shares our vision for a more open and accessible financial future. This investment is not just financial; it’s a strategic move to integrate ELFi’s innovative trading solutions into our ecosystem, providing our users with a superior trading experience.” Said Johnny Lyu, CEO of KuCoin Exchange.

KuCoin Ventures has been actively seeking out and investing in promising blockchain and cryptocurrency projects that align with its vision of a decentralized and inclusive financial ecosystem. The investment in ELFi is a testament to KuCoin’s commitment to supporting projects that bring transformative solutions to the market.

ABOUT KUCOIN VENTURES

KuCoin Ventures aims to invest in the most disruptive crypto and blockchain projects of the Web 3.0 era. As a community-friendly and research-driven investor, KuCoin Ventures works closely with portfolio projects throughout the entire life cycle, with a focus on DeFi, GameFi, and other Web3.0 infrastructures.

ABOUT ELFi Protocol

ELFi is a decentralized derivatives trading platform that focuses on delivering top-notch trading functionalities. It’s the pioneer in supporting Portfolio Margin within the P2Pool model, and boasts a sophisticated risk management system for listing contracts of various risk levels. Additionally, ELFi introduces innovative liquidity pool designs, offering industry-first zero-risk stablecoin liquidity pools and LSD re-collateralized liquidity pools. It strives to better meet market and user demands through features like risk isolation, asset pricing, and LST asset support.

Logo – https://mma.prnewswire.com/media/2356857/KuCoin_Horizontal_Green_LOGO_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/kucoin-ventures-announces-strategic-investments-in-elfi-protocol-to-enhance-derivatives-trading-experience-302149886.html

Continue Reading

Blockchain

Merging Traditions with Fintech and Blockchain Innovations

Published

on

merging-traditions-with-fintech-and-blockchain-innovations

 

Financial Evolution: Merging Traditions with Fintech and Blockchain Innovations at MARE BALTICUM Gaming & TECH Summit

The financial industry is undergoing a seismic shift as fintech and blockchain technologies pave the way for unprecedented innovation and transformation. At the upcoming MARE BALTICUM Gaming & TECH Summit, a high-profile panel titled “Financial Evolution: Merging Traditions with Fintech and Blockchain Innovations” will delve deep into this exciting evolution. This session will explore how established financial institutions are integrating these advanced technologies to revolutionize services, enhance security, and increase efficiency.

Moderator: Anna Agu

Leading the panel is Anna Agu, CEO and Managing Partner at Lex Law Office OU and Director at Lex Law Office LT UAB. With her extensive legal expertise in the fintech sector, Agu is perfectly positioned to guide the discussion, ensuring a thorough exploration of the delicate balance between maintaining traditional financial principles and embracing innovative technologies.

Panelists:

  • Merit Leib – Compliance Consultant at LEIB Regulatory & Compliance Risk Consulting
  • Astra Tikas – Founding Board Member of INO (Internet Native Organization)
  • Dr. Dean Rakic – Chief Scientist at Blockcontrol
  • Saulius Racevicius – Senior Associate of PSP Lab LLP and Board Member of the Fintech Hub LT
  • Evaldas Krampas – CEO at SpectroCoin and Head of Crypto Hub Lithuania

Why Attend?

The “Financial Evolution: Merging Traditions with Fintech and Blockchain Innovations” panel at the MARE BALTICUM Gaming & TECH Summit is a must-attend for professionals across the financial sector. Here’s why:

  1. Gain Comprehensive Insights: Learn from top experts about the latest trends, challenges, and opportunities in fintech and blockchain.
  2. Regulatory Perspectives: Understand the importance of compliance and how to navigate regulatory challenges effectively.
  3. Technical Knowledge: Dive deep into the technical aspects of blockchain integration and learn about cutting-edge developments.
  4. Practical Implementation: Gain practical insights into how traditional financial institutions are successfully integrating new technologies.
  5. Networking Opportunities: Connect with industry leaders and peers who are driving innovation in finance.

Join Us

This panel provides a unique opportunity to stay ahead of the curve in the rapidly evolving financial landscape. Join us at the MARE BALTICUM Gaming & TECH Summit to explore how fintech and blockchain technologies are reshaping finance and what it means for the future. Engage with industry leaders, gain actionable insights, and network with peers at the forefront of financial innovation.

Secure your spot today and be part of this transformational journey. Don’t miss the chance to be involved in discussions that will shape the future of finance. See you at the MARE BALTICUM Gaming & TECH Summit!

The post Merging Traditions with Fintech and Blockchain Innovations appeared first on HIPTHER Alerts.

Continue Reading

Blockchain

DTCC partners with Chainlink and JPMorgan to pilot blockchain integration for fund data

Published

on

dtcc-partners-with-chainlink-and-jpmorgan-to-pilot-blockchain-integration-for-fund-data

As headlines spotlight spot Bitcoin (BTC) exchange-traded fund (ETF) flows and institutions revealing their exposure to BTC ETFs, financial service infrastructure providers are quietly integrating blockchain technology into their systems.

According to a recent report from the Depository Trust & Clearing Corporation (DTCC), the firm conducted a pilot program named Smart NAV in collaboration with Chainlink (LINK). This initiative aimed to extend the capabilities of DTCC’s Mutual Fund Profile Service I (MFPS I), the industry standard for transmitting ‘Price and Rate’ data, also known as ‘NAV data.’

DTCC’s Mutual Fund Services business currently operates MFPS I, offering fund companies an automated solution to deliver prices and daily distribution rates to numerous clients for tens of thousands of mutual fund securities. Traditionally, DTCC collects price and rate data from funds/service providers and distributors, then aggregates and disseminates it at regular intervals through its message queue (MQ) and file-based methods.

The Smart NAV Pilot served as a digital extension of the existing MFPS I service, aiming to broaden and complement its current capabilities. DTCC recognized the growing interest in mutual fund tokenization and saw an opportunity for on-chain price and rate data to facilitate new initiatives. Taking a ‘chain-agnostic’ approach, meaning the ability to disseminate NAV data across virtually any blockchain, was crucial for enabling other use cases to build upon Smart NAV’s foundations.

Ten market participants, including major names like American Century Investments, BNY Mellon, and JP Morgan, collaborated with DTCC and Chainlink on the pilot. They evaluated the feasibility and industry value of implementing a distributed ledger technology (DLT)-based price and rate dissemination solution to unlock new benefits and support experimentation in the asset management space.

The pilot results demonstrated that delivering structured data on-chain and establishing standard roles and processes enabled foundational data to be integrated into various on-chain use cases, such as tokenized funds and bulk consumer smart contracts. This capability can fuel future industry exploration and empower numerous downstream use cases, including brokerage portfolio applications.

The simplest application of Smart NAV is to provide trusted, verifiable data on virtually any blockchain network to support its use in business workflows. During the pilot, DTCC acted as both the provider and governor of the on-chain data solution, while Chainlink’s CCIP served as the interoperability layer. The core capability explored is adaptable across a wide range of use cases, potentially enhancing operational efficiency and streamlining processes.

Based on the positive findings, DTCC sees an opportunity to expand the scope of the pilot to explore broader use cases beyond price and rate data dissemination and across more blockchains.

Source: kitco.com

The post DTCC partners with Chainlink and JPMorgan to pilot blockchain integration for fund data appeared first on HIPTHER Alerts.

Continue Reading
Advertisement
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE