Lawsuits Propel Bitget’s Growth as Uncertainty Surrounds Crypto Giants Binance and Coinbase

Bitget is a global cryptocurrency exchange with over 8 million customers in 100 countries. Recently, the platform has seen a massive increase in the number of new users from Latin America. In just three days, Bitget experienced a 43% surge in new users from the region. Several factors have contributed to this significant growth, including Binance’s net outflows and favorable policies in some countries. In this article, we will explore the key factors that drive Bitget’s growth, with a particular focus on Brazil and Argentina.

Brazil and Argentina Identified as Key Countries Driving Growth

According to a spokesperson from Bitget, Brazil and Argentina are at the center of this massive development. In Brazil, the exchange saw a surge of 54% in new users, causing total deposits from the region to jump by over 200%. This represents a significant increase in interest in cryptocurrency trading in the country. In Argentina, Bitget once again saw its customer base grow, recording a 33% increase in new users and an approximately 87% increase in total deposits within the period.” Argentina has also emerged as a significant market for Bitget. The country has experienced significant inflation in recent years, leading many to seek alternative forms of investment. The cryptocurrency industry has been particularly attractive to Argentinians, and Bitget’s growth in the country may reflect this interest. The exchange has also focused on offering a wide range of trading options and tools to meet the needs of its growing customer base in Argentina. Overall Deposit Growth from Latin America Surpasses 134%

Bitget’s success in Brazil and Argentina has contributed to an overall deposit growth of no less than 134% from the Latin America region alone in the past few days. This growth can be attributed to several factors, including favorable policies in certain countries and Binance’s net outflows.

Bitget’s recent growth has been attributed to Binance’s net outflows, which DefiLlama data suggests have surpassed $3.369 billion in the last 7 days. With Binance customers seeking alternative trading options, Bitget has been well-positioned to capitalize on this trend. The exchange has focused on providing users with a reliable, secure, and transparent trading experience, which has helped attract new customers from Binance and other exchanges.

Bitget’s total deposits have increased by $17.903 million as a result of its recent growth. This represents a significant increase in the exchange’s overall trading volume and highlights the growing interest in cryptocurrency trading in Latin America.

Explore more

Why is LinkedIn the Go-To for B2B Advertising Success?

In an era where digital advertising is fiercely competitive, LinkedIn emerges as a leading platform for B2B marketing success due to its expansive user base and unparalleled targeting capabilities. With over a billion users, LinkedIn provides marketers with a unique avenue to reach decision-makers and generate high-quality leads. The platform allows for strategic communication with key industry figures, a crucial

Endpoint Threat Protection Market Set for Strong Growth by 2034

As cyber threats proliferate at an unprecedented pace, the Endpoint Threat Protection market emerges as a pivotal component in the global cybersecurity fortress. By the close of 2034, experts forecast a monumental rise in the market’s valuation to approximately US$ 38 billion, up from an estimated US$ 17.42 billion. This analysis illuminates the underlying forces propelling this growth, evaluates economic

How Will ICP’s Solana Integration Transform DeFi and Web3?

The collaboration between the Internet Computer Protocol (ICP) and Solana is poised to redefine the landscape of decentralized finance (DeFi) and Web3. Announced by the DFINITY Foundation, this integration marks a pivotal step in advancing cross-chain interoperability. It follows the footsteps of previous successful integrations with Bitcoin and Ethereum, setting new standards in transactional speed, security, and user experience. Through

Embedded Finance Ecosystem – A Review

In the dynamic landscape of fintech, a remarkable shift is underway. Embedded finance is taking the stage as a transformative force, marking a significant departure from traditional financial paradigms. This evolution allows financial services such as payments, credit, and insurance to seamlessly integrate into non-financial platforms, unlocking new avenues for service delivery and consumer interaction. This review delves into the

Certificial Launches Innovative Vendor Management Program

In an era where real-time data is paramount, Certificial has unveiled its groundbreaking Vendor Management Partner Program. This initiative seeks to transform the cumbersome and often error-prone process of insurance data sharing and verification. As a leader in the Certificate of Insurance (COI) arena, Certificial’s Smart COI Network™ has become a pivotal tool for industries relying on timely insurance verification.