Web3: The French revolution will pass through Bitget

Founded in 2018, Bitget is one of the leading cryptocurrency exchanges in the world. Its motto: “Better Trading, Better Life”. Indeed, Bitget wants to offer robust and secure trading solutions to users around the world, and aims to become a portal transcending Web2 and Web3 that connects centralized finance (CeFi) and decentralized finance (DeFi). This year, Bitget is growing at an impressive rate, with its team now numbering over 600 members in 40 countries and reaching a record daily trading volume of $8.69 billion, a 300% growth over the previous year.

An exchange specialized in derivatives trading…

Committed to creating products that enhance the customer experience, Bitget has over 2 million loyal users in 50 countries. The company is ranked in the top 5 cryptocurrency derivatives exchanges worldwide in terms of volume.

Bitget launched the “One-Click Copy Trade” in 2020. This is its first-of-its-kind phrase product. The service connects novice and seasoned traders in an easy-to-learn social trading environment. It taps into our innate need to exchange and share, applied to the field of crypto trading. In two years, this program has attracted over 55,000 featured traders and 1.1 million followers, while generating approximately $300 million in total trader revenue, $350 million in follower revenue, and $64 billion in overall volume. As a result, the exchange platform claims the number one spot in terms of copy trading volume in the world.

This success only drives Bitget to design better products and services. In the first half of 2022, Bitget launched many innovative products for cryptocurrency investors:

Bitget Launchpad, which allows users to join IEOs of promising projects in several ways;
Bitget Academy, whose information and knowledge about the blockchain market and Bitget is updated daily by Bitget experts;
Bitget Spot and Futures Grid Trading, which help users understand the markets from the side; and
GroupCoin, where experienced and novice traders help each other and buy tokens at up to 50% off;
As well as other pioneering solutions soon to be announced.
To encourage the growth and active participation of BGB in the Bitget ecosystem, Bitget offers various wealth management tools to BGB holders, such as BGB Earn, the Super Airdrop plan and Flexible Savings. BGB holders also receive discounts on trading fees of up to 20%. It’s unusual for a centralized cryptocurrency exchange platform to offer a discount on trading fees, let alone one this high.

Since one of Bitget’s goals is to connect Web2 and Web3, as well as CeFi and DeFi, the platform makes the experience very simple and rewarding for beginners to sign up. A new user can easily create a new account, purchase cryptocurrencies with a bank card, Apple Pay or Google Pay, and receive various gifts, including up to $4,163 in cash for completing KYC.

Bitget supports the French regulatory framework
France is one of the most crypto-friendly countries in the world and is also the first European country to approve regulations for crypto giants. The nation’s progressive attitude towards crypto-currencies and blockchain has made it very attractive to crypto-currency investors and companies.

Indeed, only a month after the European Parliament agreed to the draft European Regulation on Cryptoasset Markets (MiCA), the French Financial Markets Authority (AMF) put in place a MiCA-compliant regulatory framework to foster innovation and protect investors in the crypto-currency market. This framework covers several areas, including:

  • Public offering and admission to trading of tokens;
  • The public offering and admission to trading of stablecoins;
  • The provision of services on digital assets;
  • The prevention of market abuse on cryptoassets.

The AMF also provides detailed instructions on how to obtain an optional registration or license for digital asset service providers (DASPs) on its official website. According to the documents, it is mandatory for cryptocurrency exchange platforms to register with the AMF and comply with anti-money laundering and anti-terrorist financing (AML/ATF) regulations.

After France published its legal frameworks regarding crypto-currencies, a few crypto-currency giants managed to get regulatory approval and PSAN registration. The French government has given a green light to cryptocurrency activities, but recently forced Formula 1 teams to remove crypto sponsors from cars and billboards. It seems that cryptocurrency advertising is still a topic of debate for the government.

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