{"id":"bitget","title":"Bitget","content":"**Bitget** is a [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) exchange and derivatives platform founded in 2018, and it is based in Seychelles. The exchange offers copy, futures, and spot trading on its platform. [\\[1\\]](#cite-id-1dw6a102pqg)[\\[2\\]](#cite-id-7s41bulwdpy)\n\n$$widget0 [YOUTUBE@VID](SzUrr5Arlhc)$$\n\n# Overview\n\nFounded in July 2018, Bitget is a crypto exchange providing spot, derivatives, and copy trading services. It offers a straightforward registration process and is accessible via web and mobile apps. The platform focuses on derivatives trading with perpetual future contracts and offers [leverage](https://iq.wiki/wiki/leverage) of up to 125x. [\\[14\\]](#cite-id-peq93jtj4tn)\n\nIn November 2022, Bitget announced that it had registered in Seychelles to aid global expansion. The exchange also updated its recruitment plan with a target of 1200 headcount by the first quarter of 2023, increasing its workforce by another 50% from its existing size, to better meet user demand and support business growth. [\\[17\\]](#cite-id-ahra1kpuk79)\n\n> \"We see Seychelles as a friendly region for the crypto community. We have been working for several months on this registration and are happy to announce the development now. The registration in Seychelles offers a constructive environment for Bitget, enabling us to unlock collaborations with partners and strengthen banking relationships, along with our expansion with different partnerships, such as the Argentine football legend Lionel Messi and the Italian football club Juventus\" - \\[Gracy Chen] - (https://iq.wiki/wiki/gracy-chen), Managing Director of Bitget, commented.\n\nIn April 2023, Bitget launched its Bitget [Web3](https://iq.wiki/wiki/web3) Fund during the Hong Kong Blockchain Week, with an initial investment of $100 million. The fund is focused on investing in Web3-friendly venture capital and outstanding [Web3](https://iq.wiki/wiki/web3) projects to support the development of the next generation of crypto projects. [\\[22\\]](#cite-id-w2achhwtp3m)\n\nOn April 18, 2023, Bitget partnered with [Core DAO](https://iq.wiki/wiki/core-dao) to launch a $200 million ecosystem fund that supports [decentralized applications](https://iq.wiki/wiki/decentralized-application) (DApps) built on [Core Network](https://iq.wiki/wiki/core-dao) [Layer-1](https://iq.wiki/wiki/layer-1) [blockchain](https://iq.wiki/wiki/blockchain). [\\[31\\]](#cite-id-p3jhd0j8ytd)\n\nIn May 2023, Bitget announced the launch of the Bitget Academy training project aimed at empowering young individuals with a $10 million investment through the Blockchain4Youth project. [\\[16\\]](#cite-id-jc2avkp6ekf) As stated in a press release, \"the project will revolve around the exchange’s core values focused on advancing [crypto](https://iq.wiki/wiki/cryptocurrency) and [blockchain](https://iq.wiki/wiki/blockchain) technology adoption through the leadership of young generation representatives.\" [\\[16\\]](#cite-id-jc2avkp6ekf)\n\nIn August 2022, Bitget introduced a Protection Fund worth $200 million to provide security against potential hacks and protect assets. In November 2022, Bitget announced it would increase its Protection Fund to 300 million USD to provide better protection and further assurance to crypto users. [\\[28\\]](#cite-id-wn7tyqeims9)\n\nIn April 2023, Bitget started a $100 million fund targeting [Web3](https://iq.wiki/wiki/web3) startups in Asian countries to build a framework for developing [Web3](https://iq.wiki/wiki/web3). [\\[40\\]](#cite-id-m5a9c35of9)\n\n> \"Despite the bear run, Bitget has always been supporting promising and innovative projects and the development of the Web3 environment with a focus on BUIDL. The launch of Bitget Web3 Fund is a continuation of our ongoing efforts to drive the adoption of crypto and Web3, reflecting our ‘Go beyond derivative’ strategy in 2023,” - Gracy Chen, managing director of Bitget, said to \\[CoinDesk] - (https://iq.wiki/wiki/coindesk) in a statement.\n\nOn September 12, 2023, Bitget announced the establishment of the Bitget EmpowerX Fund worth $100 million. The fund is dedicated to fostering the platform’s ecosystem development, seeking investment opportunities in regional exchanges, data analytics firms, media organizations, and other entities that contribute to the growth of its ecosystem. [\\[39\\]](#cite-id-37t5umdaq1)\n\n# Products\n\n## Buy\n\nBitget offers a Buy service for [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) transactions via credit/debit card, P2P trading, Quick buy, and Third-party trading. Users can select [fiat currency](https://iq.wiki/wiki/fiat-money), cryptocurrency, and payment method in seconds. [\\[3\\]](#cite-id-oqbtfindwxe)\n\n## Copy Trading\n\nBitget provides a copy trading feature that enables users to follow and replicate the trades of other traders. Recently, they introduced parameter recommendations, allowing elite traders to suggest parameters for their followers, simplifying the copy trading process. Elite traders can set recommended parameters via the Settings, including Fixed Amount and Multiplier modes, Stop-Loss Ratio, Take-Profit Ratio, and Maximum. Followers can apply these parameters by clicking \"Apply Parameters,\" automatically using the preset values of elite traders. [\\[5\\]](#cite-id-10sysnvuhdeo)\n\n## Spot Trading\n\nBitget’s spot trading feature allows users to trade cryptocurrencies on the Bitget cryptocurrency market. It provides up-to-date information on spot market prices, coin market cap, token price charts, and 24-hour price changes. [\\[4\\]](#cite-id-gtdlnh5gzho)\n\n## Futures Trading\n\nBitget offers futures trading, allowing users to buy or sell assets at predetermined future prices and dates. This service covers cryptocurrencies like [Bitcoin](https://iq.wiki/wiki/bitcoin-btc), [Ethereum](https://iq.wiki/wiki/ether-eth), and [Litecoin](https://iq.wiki/wiki/litecoin), providing diverse investment opportunities with various underlying assets and expiration options. Futures trading introduces margin and leverage, aiding capital allocation, risk hedging, and market stability. These contracts are exchange-traded, adhering to standardized terms and conditions, ensuring high liquidity and reduced default risks. [\\[6\\]](#cite-id-0mpcgu9stjo)\n\nBitget provides three futures trading options: COIN-M Futures, [USDT](https://iq.wiki/wiki/tether)-M Futures, and [USDC](https://iq.wiki/wiki/usdc)-M Futures. The key difference lies in the settlement currency used. Settlements occur in [USDT](https://iq.wiki/wiki/tether)-M Futures and [USDC](https://iq.wiki/wiki/usdc)-M Futures, respectively. In contrast, COIN-M Futures involve settlements in specific cryptocurrencies like Bitcoin or Ethereum. [\\[7\\]](#cite-id-uyrditwmmkm)\n\nIn December 2024, Bitget introduced the GMCI Meme index to its futures trading platform to provide users with access to a curated selection of top [memecoins](https://iq.wiki/wiki/memecoins). The index highlights meme tokens with significant market capitalization and cultural influence, showcasing the intersection of [blockchain](https://iq.wiki/wiki/blockchain) technology, humor, and community engagement. [\\[45\\]](#cite-id-eUKx7nmuD9)\n\n## Margin Trading\n\nMargin trading enables traders to trade futures by depositing a specific amount relative to the contract value and borrowing the remainder for increased buying power. Traders are encouraged to monitor their positions daily. If their account balance drops below a certain threshold, they must promptly cover the deficit, or the exchange may close open positions until the balance meets the minimum requirement. Traders can also exit less favorable positions instead of adding more equity to their accounts. [\\[8\\]](#cite-id-vx69dqxpr0j)\n\nThere are five different types of margins on Bitget: First is the Initial Margin, which is the bare minimum amount of equity that needs to be deposited before a user can open any position, which is a guarantee for the counterparty. Second is the Maintenance Margin, which is the minimum amount of equity to be maintained in the account during the life of each contract. It is always lower than the initial margin. This is the Variation margin - the difference between the initial margin and the current (margin) balanc,e and is calculated in case of a margin call, i.e., when the account balance falls below the required maintenance margin. [\\[8\\]](#cite-id-vx69dqxpr0j)\n\nFourth is the Available margin - The total amount of equity available for placing new trades daily. Lastly, the Risk Margin is the equity at risk in an open position. [\\[8\\]](#cite-id-vx69dqxpr0j)[\\[9\\]](#cite-id-u3cmrj2ygma)\n\n## Bitget Launchpad\n\nBitget Launchpad is a platform that offers early access to potential new [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) tokens from various projects. Project owners can leverage Bitget’s wide-ranging community and extensive resources to build their brand. [\\[12\\]](#cite-id-a2uiqxq8e1)\n\nOne of the projects on the launchpad is TypeIt (TYPE).\n\n> \"TypeIt (TYPE) is a revolutionary new keyboard that allows users to earn a passive income simply by using it to conduct their day-to-day typing activities\"[\\[13\\]](#cite-id-yv9u50x7bp)\n\n$$widget0 [YOUTUBE@VID](SOimJE2b4vA)$$\n\n## Bitget Insights\n\nBitget introduced a new feature in October 2022 called \"Bitget Insights\". This feature allows social media integration with social trading via the Bitget exchange. With Bitget Insights, novice traders can gain valuable insights from experienced traders. [\\[21\\]](#cite-id-9ak56av3oqi)\n\n## BitEXC\n\nIn December 2024, Bitget introduced BitEXC, a [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) exchange tailored to the Vietnamese market. The platform supports [P2P](https://iq.wiki/wiki/peer-to-peer-trading-p2p), spot, and futures trading, with payment options such as ViettelPay, Momo, and ZaloPay. Future developments include an Earn program and copy trading.\n\nUsing Bitget's infrastructure, BitEXC aims to enhance asset security through a $300 million Protection Fund and seeks to engage the local community through educational initiatives. This launch aligns with Bitget’s efforts to expand its Southeast Asian presence and address Vietnam's increasing [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) adoption. [\\[44\\]](#cite-id-EDsb7Zk85M)\n\n## Bitget Live\n\n$$widget0 [YOUTUBE@VID](https://youtube.com/watch?v=UXwBnoPZlzs)$$\n\nBitget Live is a streaming feature introduced by Bitget to facilitate real-time interaction between [crypto](https://iq.wiki/wiki/cryptocurrency)-focused content creators and their audiences. It enables creators, including influencers and professional traders, to host live sessions with capabilities such as screen sharing, audio streaming, co-hosting, and in-session token recommendations. These features allow users to explore and trade [cryptocurrencies](https://iq.wiki/wiki/cryptocurrency) directly during the broadcast. The platform also includes real-time chat, replay access, and scheduling tools to ensure content remains accessible and interactive beyond the initial stream.\n\nThe feature supports creator monetization through referral links and token promotion mechanisms integrated into the live experience. Bitget provides additional support through traffic incentives and themed events to help creators expand their reach. Live sessions allow audiences to follow market commentary, trading insights, and project discussions while participating in community dialogue through built-in chat. Bitget Live is part of a broader creator toolset, including on-chain affiliate programs and features like Strategy Plaza and Insights, aiming to combine content delivery, user engagement, and monetization within a single platform.  [\\[44\\]](#cite-id-o79vctx5MN) [\\[45\\]](#cite-id-Vn10xgMvXJ)\n\n## BGUSD\n\nBGUSD is a yield-bearing stable asset certificate introduced by Bitget designed to improve capital efficiency while providing passive income opportunities. It is integrated into Bitget’s trading and wealth management platform and can be redeemed 1:1 for [USDC](https://iq.wiki/wiki/usdc). Users can obtain BGUSD using either [USDC](https://iq.wiki/wiki/usdc) or [USDT](https://iq.wiki/wiki/tether), and it offers an annualized yield starting at 4%, distributed daily based on the user's minimum daily balance. During the first 30 days after launch, a promotional yield of 5% is available. The yield is derived from a mix of tokenized [real-world assets](https://iq.wiki/wiki/real-world-assets-rwas), including money market funds and tokenized US Treasuries, with backing from institutional infrastructure and partners like Superstate.\n\nBGUSD functions as a stable, income-generating asset within Bitget’s ecosystem and offers both instant and standard redemption options, with a fixed 0.1% fee for each. It is designed to maintain liquidity while reducing exposure to [crypto](https://iq.wiki/wiki/cryptocurrency) market volatility. In addition to its role as a value-preserving instrument, BGUSD can be actively used across the platform for lending, as margin in futures trading, and [staking](https://iq.wiki/wiki/staking)-related products like Launchpool and PoolX. The asset is structured to support diversified, on-chain exposure to traditional financial products, combining stable returns with transparent access and platform-wide utility. [\\[46\\]](#cite-id-HRiUIKVpjP) [\\[47\\]](#cite-id-pc64rtMOLx)\n\n$$widget0 [YOUTUBE@VID](https://youtube.com/watch?v=vQGtZpfGCWo)$$\n\n# Bitget Token (BGB)\n\nBitget Token (BGB) is the [utility token](https://iq.wiki/wiki/utility-token) used across Bitget’s [centralized exchange](https://iq.wiki/wiki/cex-centralized-exchange) and decentralized wallet ecosystem. It supports various functions such as trading, [transaction fee](https://iq.wiki/wiki/transaction-fee) payments, and participation in platform activities. BGB holders can access benefits like token farming through Launchpool and PoolX, discounted [trading fees](https://iq.wiki/wiki/trading-fee), early access to token launches, and qualification for on-chain [airdrops](https://iq.wiki/wiki/airdrop). The token is also used for multi-chain [gas](https://iq.wiki/wiki/gas) fees and can influence VIP status within the platform..\n\nIn 2024, BGB experienced a significant increase in value, with its price growing by over 800% throughout the year. This performance is attributed to the increasing utility of the token, Bitget’s broader platform development, and heightened interest in [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) exchanges. BGB’s integration with core platform services has incentivized consistent usage, while market-wide [crypto](https://iq.wiki/wiki/cryptocurrency) adoption and favorable sentiment likely contributed to the surge in demand. Despite its growth, BGB remains subject to the usual risks tied to [crypto](https://iq.wiki/wiki/cryptocurrency) assets, including market volatility, regulation, and exchange competition. [\\[10\\]](#cite-id-kxnz68ghzhf) [\\[48\\]](#cite-id-H46SvSeJgf) [\\[49\\]](#cite-id-IqfM7QZYfO)\n\n## Tokenomics\n\nBGB has a total supply of 2B tokens and has the following distribution:\n\n* **BFT Replacement**: 25%\n* **Team Incentives**: 20%\n* **New User Acquisition**: 15%\n* **Branding (KOL)**: 15%\n* **BGB Ecosystem**: 15%\n* **Investor Protection Fund**: 10%\n\n# Partnerships\n\n## Bitget x Juventus FC\n\nIn October 2021, Juventus FC signed an agreement naming Bitget its official sleeve partner—the first in the club's history.\n\n> “Bitget has been looking for outstanding partners from the sports world and game community. The partnership will help Bitget better enhance our international awareness.” -James Lee, Global Strategy Officer of Bitget noted. [\\[18\\]](#cite-id-4rp1rhq7w1r)\n\nIn March 2023, Bitget announced on International Women's Day that it had become an official Juventus Women's Team sponsor. Bitget’s decision to sponsor the Juventus Women’s Team was inspired by its own company composition. 40% of employees in managerial roles at Bitget are female, and the exchange is an equal opportunity employer. [\\[20\\]](#cite-id-21hq9v41hx6)\n\n## Bitget x Lionel Messi\n\nIn October 2022, before the Qatar World Cup, Bitget partnered with Lionel Messi, an Argentinian footballe,r making him Bitget's brand ambassador. [\\[15\\]](#cite-id-0m3llz2uiqbg)\n\n> \"We try to reflect the diversity and richness of our platform community in the partnerships we choose. We open up Web 3 to sports fans; they open the field to crypto traders. As the Football World Cup approaches, Messi is to lead Argentina to new glory. We are honoured to have such a force of nature collaborate with us.\" - Gracy Chen, Managing Director of Bitget, commented. [\\[15\\]](#cite-id-0m3llz2uiqbg)\n\n$$widget0 [YOUTUBE@VID](rA5CMV_8CBc)$$\n\n## Bitget x DOTA 2 Bali Major 2023\n\nIn June 2023,  Bitget announced its sponsorship for the DOTA 2 Bali Major 2023 as the Official Crypto Exchange Partner. The partnership was set to bring together the world of crypto and e-sports in an industry-leading event scheduled from June 29 to July 9, 2023. [\\[23\\]](#cite-id-28omerdbv3)\n\n> \"We are thrilled to partner with the DOTA 2 Bali Major as the Official Crypto Exchange Sponsor. This collaboration allows Bitget to merge the worlds of cryptocurrency and esports, two technologies shaping the future of the Web3 industry.By supporting such prestigious esports events, we are reinforcing our commitment to empowering more individuals to embrace crypto, which presents the future of finance. We look forward to an exciting tournament and showcasing the potential of cryptocurrencies in the gaming industry”, said Gracy Chen, Managing Director of Bitget.[\\[23\\]](#cite-id-28omerdbv3)\n\n## Bitget x ClearTax\n\nOn July 21, 2023, Bitget partnered with ClearTax, India's top tax filing platform. The partnership is designed to give Bitget users access to a specialized crypto tax platform with additional support for their community. The collaboration between Bitget and ClearTax involves multiple community awareness activities. [\\[25\\]](#cite-id-3yo7kzngb2o)\n\nAs a result of the partnership, Bitget users can benefit from ClearTax's specialized tax filing services at discounted prices and have access to its live chat desk 24/7 during the Income Tax Return (ITR) season. [\\[25\\]](#cite-id-3yo7kzngb2o)\n\n> “We are excited to partner with ClearTax to make crypto tax filing easier for our users in India,” said Gracy Chen, Managing Director at Bitget.“ClearTax is a leading provider of tax filing services in India, and we believe that their expertise will be invaluable to our users. This partnership allows access to our users to file taxes quickly and easily.”[\\[25\\]](#cite-id-3yo7kzngb2o)\n\n## Bitget x CoinTracking\n\nOn July 24, 2023, Bitget announced its partnership with CoinTracking, a [crypto](https://iq.wiki/wiki/cryptocurrency) tax software. With CoinTracking, any [crypto](https://iq.wiki/wiki/cryptocurrency) investor can import their trades from 100+ options, from exchanges to wallets, legacy imports, and [blockchain](https://iq.wiki/wiki/blockchain) addresses. [\\[26\\]](#cite-id-wepfpx2yitk)\n\nAfter importing trades, investors can fully track their portfolio with 25+ advanced reporting features, from trade statistics to balances and market analysis.[\\[26\\]](#cite-id-wepfpx2yitk)\n\n## Bitget x Coinpanda\n\nOn August 9, 2023, Bitget announced a new partnership with the [crypto](https://iq.wiki/wiki/cryptocurrency) tax platform Coinpanda. Bitget x Coinpanda partnership is designed to offer users an exclusive discount and the possibility of calculating [crypto](https://iq.wiki/wiki/cryptocurrency) taxes in a few clicks. [\\[27\\]](#cite-id-2eukv0qlopi)\n\n## Bitget x CoinStats\n\nOn August 24, 2023, Bitget announced an alliance with CoinStats, a renowned [crypto](https://iq.wiki/wiki/cryptocurrency) portfolio tracker, to reshape how investors manage their burgeoning digital assets. The partnership with CoinStats allows users to monitor and manage their diverse [crypto](https://iq.wiki/wiki/cryptocurrency) assets from a unified interface. [\\[29\\]](#cite-id-4we30acyo4t)\n\n> \"Our dedication to helping users stay ahead and trade smarter drives us to collaborate with the industry's most robust crypto tools. CoinStats stands out as one of the premier crypto portfolio trackers available. It equips users with a real-time comprehensive perspective of their digital wealth, enabling swift, informed decisions.\" - Gracy Chen, the Managing Director of Bitget, commented[\\[29\\]](#cite-id-4we30acyo4t)\n\n## Bitget x CCData\n\nOn August 31, 2023, Bitget announced its strategic integration with CCData, the leading institutional-grade digital asset data provider. This collaboration propels Bitget's commitment to excellence by delivering comprehensive data solutions tailored for institutional investors. [\\[30\\]](#cite-id-oun3jptblka)\n\n## Bitget x Space & Time\n\nOn March 27, 2023, Bitget announced a strategic partnership with Space and Time (SxT), a company specializing in decentralized data warehousing. The partnership enables Bitget to offer users unparalleled transparency of exchange operations with a verifiably tamperproof audit trail of data and computation. [\\[32\\]](#cite-id-8okip46xlre)\n\nBitget is the first [centralized exchange](https://iq.wiki/wiki/cex-centralized-exchange) to leverage a decentralized data warehouse. The trustless Space and Time platform will provide Bitget users with verifiable evidence that the exchange holds the assets it claims to own on behalf of its clients. Bitget users will also have full transparency about the exchange’s activity, liquidity, assets, and liabilities, with the assurance that the data and computation powering the exchange are accurate and haven’t been tampered with.[\\[32\\]](#cite-id-8okip46xlre)\n\n## Bitget x Copper\n\nOn May 25, 2023, Bitget announced it would partner with Copper, a digital asset custody provider, to introduce an off-exchange settlement solution. It enables institutional clients to trade and settle in near real-time across exchanges while mitigating counterparty risk and increasing capital efficiency. [\\[34\\]](#cite-id-u213d1n481)\n\n## Bitget x Koinly\n\nOn September 1, 2023, Bitget unveiled a major upgrade to its API, connecting to Koinly’s tax reporting platform directly, responding to invaluable feedback from its dynamic community of crypto tax users. [\\[35\\]](#cite-id-mcgui712ep)\n\n## Bitget x IEEE\n\nOn September 5, 2023, Bitget partnered with the Institute of Electrical and Electronics Engineers (IEEE) at Manipal University Jaipur to foster crypto education and improve trading skills among students with a trading competition on the Bitget platform. [\\[37\\]](#cite-id-i02uz1bjo0d)\n\n> \"We are thrilled to partner with IEEE MUJ to bring crypto education and trading experiences to the next generation of leaders. This initiative aligns perfectly with Bitget's mission to empower individuals with the knowledge and tools needed to navigate the exciting world of cryptocurrencies and blockchain,” - Gracy Chen, Managing Director at Bitget.[\\[37\\]](#cite-id-i02uz1bjo0d)\n\n## Bitget x 3Commas\n\nOn September 8, 2023, Bitget partnered with 3Commas, a crypto trading automation company, to provide users with enhanced trading capabilities and maximize automation features for smarter cryptocurrency trading. [\\[38\\]](#cite-id-7otd9ous08i)\n\n## Bitget x Sumsub\n\nOn June 4, 2024, Bitget collaborated with Sumsub, an identity verification provider, to improve its security and prevent users from deepfake scams prevalent in the [crypto](https://iq.wiki/wiki/cryptocurrency) space. Bitget announced that the partnership will provide security measures for its users and will be able to identify and prevent deepfake scams with an accuracy rate exceeding 99%.\n\nSumsub will provide Bitget with a range of [know-your-customer (KYC)](https://iq.wiki/wiki/know-your-customer-kyc) tool sets, including identity verification, facial biometrics, non-document verification, and database validation. [\\[42\\]](#cite-id-6af6g0ifz18)[\\[43\\]](#cite-id-mavb4n7g45)\n\n# Funding\n\nIn 2018, Bitget received its Series-A funding of an initial $10 million from leading blockchain investment fund Consensus Labs and Collinstar Capital. [\\[19\\]](#cite-id-6u27kyn2toe)\n\nIn July 2020, Bitget completed a $10 million Series B financing round backed by Anlan Capital growth fund and South Korea-listed Japanese gaming company SNK, raising its valuation to $1 billion. [\\[19\\]](#cite-id-6u27kyn2toe)\n\nIn April 2023, Bitget received $10 million in funding in a venture round led by Dragonfly. According to Dragonfly, the investment supports Bitget's ongoing global market and service range expansion and its CSR initiatives to increase crypto education and adoption. [\\[36\\]](#cite-id-mlj4k8pxw0k)\n\n# Blockchain4Youth\n\nOn May 4, 2023, Bitget announced the launch of a corporate social responsibility (CSR) project — Blockchain4Youth. The project aims to create a [blockchain](https://iq.wiki/wiki/blockchain) future by empowering and inspiring younger generations to use [Web3](https://iq.wiki/wiki/web3) and сrypto tools to create and engage in a decentralized space.[\\[33\\]](#cite-id-v4mofom2cvi)\n\nBlockchain4Youth shares Bitget's mission of promoting crypto adoption by inspiring individuals. Bitget believes a blockchain-based future is crucial for enhancing crypto tools and products. They aim to empower the younger generation to become proactive leaders in advancing these ideas. According to a Bitget study, Millennials and Gen Z, constituting 46% of [crypto](https://iq.wiki/wiki/cryptocurrency) enthusiasts, play a significant role in shaping a crypto-friendly future. [\\[33\\]](#cite-id-v4mofom2cvi)\n\n> “Bitget aims to uplift the youth of today with valuable knowledge regarding Blockchain and Web3 information, ensuring a future where the world is blockchain-connected. Bitget's study shows that the constantly changing demographics will have a significant impact on the adoption of cryptocurrency, and teenagers struggle to systematically understand this ever-evolving world.\"In light of this, Bitget aims to leverage its global reach and initiate meaningful projects to empower the younger generation,\" - Gracy Chen, the Managing Director of Bitget, commented on the new project.[\\[33\\]](#cite-id-v4mofom2cvi)\n\n# Blockchain4Her\n\nIn January 2024, Bitget launched an initiative dubbed the “Blockchain4Her” group, which aims to support female-led businesses. The initiative includes a $10 million fund to support female-led startups in the [blockchain](https://iq.wiki/wiki/blockchain) industry. The exchange said a recent study found limited gender diversity in the [blockchain](https://iq.wiki/wiki/blockchain) funding market. Findings show that female-led [blockchain](https://iq.wiki/wiki/blockchain) startups secured only 6% of the total funding in the [blockchain](https://iq.wiki/wiki/blockchain) sector. [\\[41\\]](#cite-id-sxscpq6whlp)\n\n> “In an industry that is evolving rapidly, diversity and inclusion are vital for sustainable growth,” said \\[Gracy Chen] - (https://iq.wiki/wiki/gracy-chen), Managing Director of Bitget, in a press release.“This initiative aligns with our broader vision of creating a more equitable and inclusive future through the power of blockchain,” she adds. [\\[41\\]](#cite-id-sxscpq6whlp)\n\n[Chen](https://iq.wiki/wiki/gracy-chen) explains the Blockchain4Her initiative reflects Bitget’s goal to bridge the gender gap in the blockchain industry. She said the group aims to achieve this through incubation programs, pitch competitions, and recognition events. The group will empower and encourage women to take on leadership roles in the [Web3](https://iq.wiki/wiki/web3) and blockchain space. [\\[41\\]](#cite-id-sxscpq6whlp)\n\n# Crypto Loans\n\nOn July 4, 2023, Bitget launched Crypto Loans to attract a new audience of users dissuaded by traditional credit institutions and seeking alternative funding via digital assets. [\\[24\\]](#cite-id-l79tv0l7o7)\n\nBitget’s Crypto Loans product is based on a dual-coin approach, allowing users to stake one coin from their holdings as collateral in exchange for the ability to borrow a corresponding amount in another coin. Each loan is issued at a specific interest rate to pay, with the borrowed amount determined by the market value of the staked collateral. The loans are issued within a predetermined period, users can choose to repay before or at the predetermined deadline. [\\[24\\]](#cite-id-l79tv0l7o7)\n\n> \"Bitget's new product highlights the flexibility of collateralized currency usage, enhancing capital utilization. Users now have the opportunity to stake less-demanded coins, enabling them to obtain loans in more liquid assets for investment purposes. - \\[Gracy Chen] - (https://iq.wiki/wiki/gracy-chen), Managing Director of Bitget.[\\[24\\]](#cite-id-l79tv0l7o7)","summary":"Bitget is a Seychelles-based cryptocurrency exchange founded in 2018, offering spot, futures, and copy trading. It focuses on derivatives with high leverage, su...","images":[{"id":"QmWfB3FS7NTWyZGLaufxzRdhWAy7oRZwM97iDUQnc8ZVbz","type":"image/jpeg, 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