Tagged: bitget

The Earnings Call Went 24/7. Wall Street’s Clock Did Not.

Markets now price the news around the clock. The exchanges that host them still keep office hours. That gap is about to matter to everyone, not just to traders. Start with a scene that now plays out every few weeks. A large company reports its… Read More

Fintech Insiders Comment on PCE Inflation

The Personal Consumption Expenditures index (PCE), a closely watched measure of inflation, landed as expected today. While showing sticky inflation at 3.3%, above the target rate, the inline reading for July was greeted with a sigh. July PCE was 3.7% versus an expected 3.6% year… Read More

Bitget CEO Says US Open-Market Bitcoin (BTC) Buys for Strategic Reserve are Not Likely

Bitget Chief Executive Officer Gracy Chen has expressed strong skepticism that the United States government will actively purchase Bitcoin on the open market to expand its Strategic Bitcoin Reserve before the end of President Donald Trump’s current term. In a recent interview, Chen described such… Read More

Research Roundup: Mainframe Computer Endurance, Tokenization, SMBs, Community Banking and More

Mainframe computers could endure in the AI era Research from Crisil Coalition Greenwich suggests mainframe computers will retain their place alongside cloud computing and AI. More than 90% of banking technology executives say more than 50% of their core banking applications rely (and will continue… Read More

Tokenized SpaceX IPO Allocations Cancelled by Digital Assets Platforms Binance, Bybit, Bitget Due to Shortage of Shares

Digital assets investment platforms Binance, Bybit, and Bitget have scrapped their campaigns offering tokenized exposure to SpaceX’s highly anticipated initial public offering. The cancellations stemmed from an inability to secure sufficient underlying shares through their tokenized equity partner, highlighting persistent challenges in bridging on-chain products… Read More

Tokenized Stocks Grow, Trade Like Traditional Shares

Tokenized securities continue to grow. Digital assets that are securities are broadly viewed as the future of equities, debt, and more. The current administration in the US has embraced the transition to digital assets, which has fueled sector growth with legislation in the queue that… Read More

ECB President Christine Lagarde’s Opinion on Stablecoins May Solidify US Dollar Global Dominance

As was previously reported, European Central Bank (ECB) President Christine Lagarde is not a believer in privately issued stablecoins. In a speech delivered at the Banco de España LatAm Economic Forum in Spain, Largarde declared that Euro stablecoins are vulnerable to sudden runs during periods… Read More

Republic, Bitget Offer Pre-IPO Shares to Non US Investors

Bitget and Republic, via Republic International Cayman, have partnered on a new service called IPO Prime. The collaboration enables access to tokenized shares in pre-IPO firms. First on the list is an offering referencing SpaceX shares, a company expected to float on a US exchange… Read More

Bitget now Offers Crypto Card Enabled by Visa

Bitget has partnered with Visa and DCS to launch the Bitget Card across various markets in the Asia Pacific (APAC). Powered by Visa, the card will allow users to spend with crypto. At first, the card will be digital-only, but a physical card is expected to arrive… Read More

Bitget Wallet Introduces Crypto Payments via Brazil’s Pix System

In a move for cryptocurrency adoption in Latin America, Bitget Wallet, a non-custodial cryptocurrency wallet, announced its integration with Pix, Brazil’s widely used instant payment platform. This innovative partnership, facilitated through collaboration with local licensee Aeon, allows Bitget Wallet users to make direct payments using… Read More

Bitget Says July was a Landmark Month

Crypto exchange Bitget is describing July as a landmark month for the firm. Bitget notes that it is ranked by Coingecko Spot ranking as  the 3rd largest crypto exchange [CoinMarketCap has Bitget at 5th place]. The company proclaims that July was another month of strong… Read More

Bitget Adds Instant Deposits Via Visa, Mastercard

Crypto exchange Bitget is now enabling instant deposits from users of Visa and Mastercard. The goal is to speed up transactions while providing alternatives to bank transfers and peer to peer funding. “Visa and Mastercard are among the most widely accepted payment methods worldwide. Giving… Read More

Bitget Forays into RWAs with BGUSD, Merges TradFi with Crypto

Bitget, the cryptocurrency exchange and Web3 company, has announced the launch of BGUSD, a yield-bearing stable asset certificate designed to enhance capital efficiency and provide “passive income opportunities for users worldwide.” BGUSD is integrated into the platform’s “trading and wealth management infrastructure, offering a multifaceted… Read More

Bitget Wallet to Offer Index Funds for Crypto Investors

Bitget Wallet, a non-custodial wallet, says it will soon offer “an on-chain index fund experience to retail crypto users.” The Reserve’s Decentralized Token Folios (DTFs) is said to be a diversified group of digital assets in a single token. Bitget is describing the token as… Read More

Bitget Initiates Legal Action Against Accounts in $20M VOXEL Market Manipulation Incident

The Citizens Jury Wheel Legal Court Trial Justice Judge Law

Cryptocurrency exchange Bitget has announced plans to pursue legal action against eight accounts suspected of orchestrating a sophisticated market manipulation scheme involving the VOXEL token, resulting in illicit profits exceeding $20 million. The move comes in response to unusual trading activity detected on April 20,… Read More

Bitget Obtains VASP License in Bulgaria Aligning with EU Expansion Strategy

Bitget, the cryptocurrency exchange and Web3 company, has obtained a Virtual Asset Service Provider (VASP) license from Bulgaria’s National Revenue Agency. The licensing now enables Bitget to offer a suite of crypto services within Bulgaria, including the “exchange, trading, transfer, custody, and public offering of… Read More

Web3 Non-Custodial Bitget Wallet Reportedly Exceeded 60M Users

Bitget Wallet, a Web3 non-custodial wallet, has reportedly exceeded 60 million global users, achieving 300% annual growth during 2024. Through ecosystem expansion, the platform has seen substantial adoption across key regions, solidifying its position as a key player in the multi-chain wallet ecosystem. Bitget Wallet… Read More

Digital Assets Platform Bitget Unveils $5 Billion in BGB Token Burn in New Whitepaper

Bitget, the cryptocurrency exchange, and Web3 company, has released a new whitepaper for its native token, Bitget Token (BGB). The update introduces an initiative to burn 800 million BGB tokens—valued at over $5 billion based on current market prices—alongside plans to “expand the token’s utility.”… Read More

Crypto Exchange Bitget Prepares for MiCA Compliance with Planned Europe Regional Hub

Bitget, a global cryptocurrency exchange, and Web3 company, is reportedly exploring the establishment of its Europe regional hub in Lithuania as part of its expansion in the European Union. The move aligns with the EU’s Markets in Crypto-Assets (MiCA) framework, which aims to provide a… Read More

Crypto Exchange Bitget Re-enters UK Market

Crypto exchange Bitget has re-entered the UK marketplace. According to a statement distributed by the firm, Bitget is now in compliance with Financial Promotion requirements. Bitget issued the following statement back in May of 2024: “As you may be aware, recent regulatory changes by the… Read More

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