Bitget Crypto Report – April 2023

Bitget Crypto Report – April 2023

Monthly Highlights

• Launch of US$100M #Web3 Fund to support innovative crypto projects
• Bitget raised US$10 million strategic investment from Dragonfly
• Bitget Token ($BGB) released updated whitepaper and listed on Bitfinex
• Read the full April Report

While crypto markets fluctuated in April, Bitget, top crypto and copy trading platform, forged ahead — investing in crypto’s future, expanding its global footprint, generating insights in mainstream adoption, and enhancing Biget’s native token (BGB) utility and value with a new roadmap and updated white paper.

Bitget made major moves this month indicating its dedication to driving blockchain progress. Bitget established a US$100 million Web3 Fund to back pioneering crypto projects. The exchange completed its cryptocurrency registration in Lithuania, allowing the exchange to extend its services to new regions and users worldwide. The exchange received a US$10 million strategic investment from Dragonfly. These are important steps forward in our goal to expand access to crypto to users all around the world, and support our work to build a robust and secure platform and ecosystem.

Bitget also published an in-depth study exploring how demographic changes shape cryptocurrency adoption across generations. Analysing factors like age, location, and fertility rates yields insights into the relationship between population trends and crypto’s mainstream momentum.

Business Growth

• Remarkable performances of New Listing

Bitget is making a push in spot trading with a series of new listings. In April, 21 new tokens were listed on Bitget. Two of them outpaced gains of over 2000%.

• Bitget Copy Trading continues to gain popularity

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 April, we have attracted over 6,000 new elite traders and over 50,000 new followers, both double the numbers we had in January this year.

• Bitget Simplifies Crypto Purchase with Bank Cards On-Ramp services

Bitget launched a new on-ramp service specifically designed for purchasing crypto using VISA and Mastercard. The new solution is meant to provide a higher degree of convenience for users seeking to inject fiat liquidity into the platform for their operations. The new service will support more than 140 fiat currencies (including AUD) and will allow their use for direct purchase of USDT, BTC, and BGB via credit or debit card on the Bitget exchange platform.

Discover more on Bitget partnerships, new listings, copy trading highlights, Bitget Research and more. Read the full April Report

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 April 2023:

Top 10 Most Googled Questions About Cryptocurrency in 2023

Even with its ever-growing popularity, cryptocurrency continues to mystify and intrigue veteran investors and beginners alike. New questions emerge just as fast as the crypto world grows.

Bitget updated Proof-of-Reserve

Bitget guarantees 100% reserve of users’ assets and updates the Merkle Tree proof, platform reserves, and reserve ratio monthly. Check out our Proof-of-Reserve updated on May 6, 2023.

What Happened to the Cryptocurrency Market One Week Post-Shanghai Upgrade

On April 12 (UTC), the Ethereum network underwent a significant upgrade known as the Shanghai Upgrade, or Shapella Upgrade. This Upgrade included several important changes to the network, including the lowering of gas fees and the ability to withdraw ETH for node validators. Learn more.

ZkSync Era Mainnet Release – The Self-Proclaimed End-Game for Ethereum Scaling

One particular development that has caught the attention of many is the zkSync mainnet release in March, which is the first EVM-compatible rollup solution secured by zero-knowledge proofs. Learn about ZkSync Mainnet, how it works and the pros and cons of zkSync Era.

About Bitget

Established in 2018,Bitget is the world’s leading cryptocurrency exchange with a core focus on copy trading. Serving over 8 million users in more than 100 countries and regions, the exchange is committed to helping users trade smarter by providing a secure, one-stop trading solution.

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