Are you able to introduce your self and your background?
Previously, I used to be an anchor and producer on the expertise and finance channel of Phoenix TV, one of many largest Asian media conglomerates.
That’s additionally across the time that a few of my buddies (who’re well-known crypto entrepreneurs and buyers right now equivalent to He Yi, co-founder of Binance, and Tim Draper, whom I studied from once I was in his Draper College) launched me to the crypto business.
In 2014, I began to spend money on cryptocurrencies together with BTC, ETH, and XRP, however not enormous quantities. I feel folks ought to expose their portfolios to a small share with crypto in response to their very own expertise and risk-tolerance stage.
And later in 2017, I began to take a position extra time and efforts in studying concerning the main and secondary crypto market. I’ve additionally been an early investor in BitKeep, Asia’s main decentralized pockets and Bitget’s sister firm.
On this journey, I’ve witnessed the model’s growth and progress all through the years and I’m thrilled to be part of Bitget, the quickest rising crypto change with a 1000-strong workforce filled with pushed and clever people.
Are you able to clarify us how Bitget works and one of the best options
Social buying and selling is the important thing characteristic of Bitget.
With the imaginative and prescient to extend monetary independence, we concentrate on remodeling the way in which folks join and share monetary information with social buying and selling. We imagine within the energy of social buying and selling and make it our quintessential characteristic, permitting us to distinguish amongst different exchanges.
The flagship providing, One-Click on Copy Commerce, is a pioneer in social buying and selling and has amassed over 100,000 skilled merchants with roughly 3 million followers, and executed greater than 60 million copy buying and selling orders. The characteristic is innovating the expertise for crypto derivatives merchants worldwide.
“Bitget Insights”, is a brand new characteristic on our platform, which makes social buying and selling extra accessible to everybody. The characteristic is appearing as a mix of “social media + buying and selling”, and verified “skilled merchants” can publish their chart evaluation, technical methods, and articles, to share their insights with followers.
Furthermore, Bitget additionally launched Technique Plaza and grid buying and selling, specializing in automated quantitative buying and selling methods designed to maximise returns in a range-bound and fluctuated market.
All these will mild a path to the complete potential of social buying and selling, facilitating customers, KOLs {and professional} merchants to change info freely, undertake a number of buying and selling patterns and optimize methods for their very own profit.
Why did you select to collaborate with Messi? How is it going?
The crypto world has witnessed rising recognition amongst buyers, however the adoption of cryptocurrencies remains to be low. To spice up adoption and encourage a greater understanding of crypto, we’re engaged on partnerships with credible figures and entities, Messi is certainly one of them.
The sports activities business, particularly the well-known soccer gamers, enjoys a big base of devoted followers and followers, which might assist crypto exchanges to construct up a greater model picture and achieve huge consciousness.
On the identical time, cooperation between crypto exchanges and sports activities is a win-win scenario. Crypto and blockchain is the massive development embraced by completely different industries.
The use circumstances of latest expertise might assist the sports activities gamers to extend engagement, equivalent to NFT of athletes and particular occasions.
It has been an exquisite and rewarding journey to companion with Lionel Messi, particularly throughout the World Cup Qatar 2022 interval, which helped Bitget higher interact its group and increase attain within the sports activities house.
The advertising marketing campaign and varied actions performed with Messi additional escalated the model consideration to realize appreciable visibility and belief because of the Championship of Argentina workforce largely contributed by the workforce captain – Messi.
What’s your forecast for 2023?
By way of the cryptocurrency traits in 2023, I predict a number of principal instructions shall be noticed out there after all of the incidents occurred in 2022:
Tighter CEX regulation
The destructive expertise of FTX as soon as once more proved that the regulation and transparency of centralized cryptocurrency exchanges is a mandatory step in direction of a secure and sustainable market.
Already, the FATF, the European Union, and a number of other different regulatory establishments are able to tighten controls over the work of CEXs. For my part, such a choice is absolutely justified as a result of these frameworks make us accountable, instill belief with our prospects, and can finally speed up mainstream crypto adoption. Bitget is porud to be a totally clear and open change.
In early December, we introduced our Merkle tree proof of reserves, and we permit our customers to confirm their property on our web site. As well as, we elevated the dimensions of our Bitget Safety Fund from $200 million to $300 million to guard our customers’ property towards any unlucky or surprising occasions.
New alternatives for decentralized finance and lending
After observing three main insolvency occasions this yr, together with Luna, Three Arrows Capital, and Alameda Analysis, the centralized lending enterprise has been additional disproven, and folks’s belief and demand for “decentralized lending” will additional enhance, thus ushering in long-term alternatives and innovation for decentralized finance (DeFi). It will result in the disappearance of most centralised lending companies.
Improvement of the NFT sector and metaverses
Additionally in 2023, we are going to see the speedy growth of the sector of non-fungible tokens and the metaverse. NFTs will develop into an integral a part of GameFi and the leisure market. In the event you look again, you’ll be able to see that in 2022 a number of main movie studios and music labels had already launched their very own NFTs, and this development will proceed in 2023.
As for the metaverse, they are going to obtain particular consideration within the coming yr. Main manufacturers will start integrating their services into the metaverse and Web3, and monetary sector establishments equivalent to exchanges, banks, and credit score firms will present companies to digital customers.
Naturally, this can entail some adjustments associated to the regulation and management of actions within the metaverse. Nevertheless, this course of has already began.
What can we count on from the way forward for Bitget?
A smart man as soon as stated, “Ambition is the trail to success. Persistence is the car you arrive in.” Now we have the ambition to develop into one of many high 3 international crypto exchanges within the subsequent three to 5 years.
Shifting ahead, Bitget is dedicated to strengthening and innovating its product vary, in addition to selling the adoption of crypto buying and selling world wide with the intention to be the portal that transcends Web2 and Web3, that connects CeFi and DeFi, leading to an expansive bridge to the huge net of crypto.
For the subsequent 12 months, we plan to proceed providing the most secure and most steady crypto platform, strengthen our market stand in futures, whereas additional develop and increase by way of product providing, buying and selling quantity, consumer geography, and many others.
From the attitude of merchandise, we shall be specializing in social buying and selling, a bigger idea that Bitget is seeking to place extra emphasis on transferring ahead. Social buying and selling permits folks to work together and observe different merchants, in addition to observe or execute the methods of extra skilled friends. We can even present multi-dimensional wealth administration equivalent to staking, launchpool, and glued earnings and different merchandise together with swap and NFT.
By way of advertising and working, we are going to proceed work with our international KOL community, offering good companies and helps to particular person and institutional customers, do extra instructional articles and movies, sponsor extra crypto occasions and sports activities and gaming groups to develop crypto’s influence and help the model of Bitget to additional flourish.
As talked about earlier, we’re additionally seeking to increase our workforce to 1,200 headcounts by the first quarter of 2023 to cater to the expansion of our firm.
