Bitget Monthly Report (May 2023): Launch of Blockchain4Youth project and VASP registration in Poland

Rather than being deterred by m arket challenges, Bitget sees opportunity in adversity. We continue working to enable accessibility and empowerment for all through education, advocacy, and community. While speculative fervor may come and go, Bitget takes the long view.

Bitget launched a corporate social responsibility (CSR) project — Blockchain4YoutBitget and kicked off the Bitget Academy blockchain courses to support the next generation of leaders. We released the 2023 Q1 transparency report that shows impressive growth, including increased website and mobile traffic, futures trading volume, and the price of the native platform token, BGB.

Aligning with our commitment to provide compliant and safe services, Bitget expanded into new regions by registering as a Virtual Asset Service Provider in Poland. To further drive crypto adoption, Bitget has partnered with HELLO Labs as a Search Partner for the "Shark Tank of Web3," Killer Whales, to identify innovative projects through the Killer Whales pitch event, building the infrastructure for the next rally.

Bitget launched a corporate social responsibility (CSR) project — Blockchain4Youth. The project aims to create a blockchain future by empowering and inspiring younger generations to use Web3 and сrypto tools to create and engage in a decentralized space. To support the youth and encourage their involvement in blockchain technology, Bitget is adopting a 360-degree approach with plans to invest $10 million in the initiative over the next 5 years. The project's initial phase involves offering blockchain courses and certifications through Bitget Academy, as well as hosting campus lectures in partnership with renowned universities worldwide. We officially launched its blockchain courses through Bitget Academy in late May.

Bitget has achieved a significant milestone by registering as a Virtual Asset Service Provider (VASP) in Poland, and expanding its presence in the European Union (EU). This registration allows Bitget to operate legally in Poland, offering users a secure and transparent trading experience while complying with local and international regulations. This registration in Poland follows Bitget's successful completion of the same procedure in Lithuania, enabling the platform to offer crypto-related services in compliance with regional laws. The company's commitment to compliance and regulatory oversight reinforces trust with its users and stakeholders.

The quarterly transparency report has been released, showcasing impressive achievements and growth in the first quarter of 2023. The report highlights key data, including a 35% increase in website and mobile traffic, a 27% growth in futures trading volume, and a 120% gain in the native BGB token price, accompanied by a 146% surge in BGB holders. Bitget secured a position among the Top 4 centralized exchanges in terms of market share. It grew with the total volume of spot and futures markets reaching $59 billion and $658 billion, respectively. The native BGB token outperformed other exchange tokens with a 120% gain, attracting a significant increase in BGB holders.

Bitget has partnered with Copper, a leading digital asset custody provider, to offer an off-exchange settlement solution. This solution allows institutional clients to trade and settle across exchanges in near real-time, reducing counterparty risk and increasing capital efficiency. By integrating with Copper's Clear Loop network, Bitget users can keep their assets within Copper's infrastructure while delegating them for trading on Bitget. The solution ensures the automatic settlement of asset balances and addresses insolvency risk through a dedicated trust structure.

Bitget has partnered with web3 entertainment company HELLO Labs as the Search Partner for the upcoming show, Killer Whales. This dynamic TV production, similar to Shark Tank, tailored for the web3 ecosystem, aims to engage global audiences. As a Search Partner, Bitget is committed to promoting web3 and driving mass adoption of cryptocurrencies among both web2 and web3 audiences. The show, led by renowned Hollywood director and producer Paul Caslin, will bring the excitement of web3 to households worldwide.

Bitget continues expanding its spot trading services with a series of new listings. In May, 34 new coins were listed on Bitget, of which BEN, PEEPO PROPC are listed in Launchpad listings.

Bitget Copy Trading has seen significant growth due to its unique features and user-friendly interface. Our platform allows users to copy trades of elite traders, helping new traders learn the ropes and make profits from their investments. This May, we have attracted over 3000 new elite traders and over 35000 new followers.

The trader profit share on the platform exceeded 750,000 USDT, indicating successful trading activities by users. Additionally, the total profit earned by followers reached over 13 million USDT, highlighting the positive outcomes of copying trades from successful traders. The report also states that there were a total of 2.5 million profitable trades conducted on the platform, demonstrating the overall success and profitability of trading activities during the period.

Bitget has unveiled Super Airdrop, a new feature designed to benefit BGB token holders. Eligible BGB holders will receive airdrops of newly listed crypto assets on the Bitget platform.

Super Airdrop is part of Bitget's ongoing efforts to enhance the value of BGB, alongside additional benefits outlined in the updated BGB whitepaper, including lotteries, zero-fee futures trading, earning services, and buybacks.

Bitget has introduced a new referral program, allowing users to earn up to 9,000 USDT in rewards by inviting friends to the upgraded platform. The program offers various levels of rewards, including trading fee discounts, Mystery Boxes valued up to 500 USDT, and immediate coupons for completing deposit tasks. Bitget aims to make crypto more accessible and rewarding, inspiring more people to embrace cryptocurrency through education and community.

Users have collectively received rewards exceeding US$0.8M through 23 campaigns organized by Bitget, part of our ongoing efforts with different campaigns to benefit users and drive crypto adoption.

We also conducted exciting offline events in May, including a VR soccer VIP Day in Madrid for 30 key opinion leaders (KOLs), an India Blockchain Tour in Delhi hosting 100 guests, Bitcoin Bay meetups in Canada, and offline Bitcoin Pizza Day activities held in over 12 cities and regions.

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Bitget Academy articles

Accelerate your trading journey with Bitget Academy's in-depth guides, practical tips, and market updates! Over 60 new educational articles are published in Bitget Academy, and here are the selected ones for May 2023:

Stablecoins and the Growing Tide of Regulations

Real-World Use Cases for Blockchain and Crypto: Tackling Global Challenges with Decentralized Solutions

Real-World Use Cases for Blockchain and Crypto: Disrupting Traditional Finance and Redefining the Future

Bitcoin Block Size War - A Civil War Without A Truce

Journey into the Crypto-Verse: Your Beginner's Guide to Bitcoin Trading on Bitget