Gracy Chen @Bitget Profile picture
Feb 20, 2023 6 tweets 2 min read Read on X
We're thrilled to see that Hong Kong's regulator has opened up crypto trading to retail customers through a new consultation.

We've made preparations in advance, and are excited to announce some exciting developments that will benefit #Bitgetters globally. 👇🧵 (thread)
1/ At the end of last year, we hired HK lawyers and compliance professionals to ensure we are up to date on all relevant HK policies.

And now, we're preparing to apply for a crypto trading license in Hong Kong!
2/ This move will allow us to better serve our customers in the region while maintaining the highest standards of security and compliance.
3/ This is a major step forward for the industry and for #Bitget, as we continue to expand our footprint around the world.
4/ We're already making strides in Europe, the Middle East, and North Africa (MENA), and we're committed to offering better services globally in a compliant manner.
5/ Whether you're a seasoned investor or just getting started, you can trust #Bitget to provide a safe and reliable platform for your crypto needs.

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More from @GracyBitget

May 11, 2023
My analysis on U.S. CPI release and the outlook for Fed's monetary policy:
1 The U.S. inflation (thru CPI) eases to 4.9% in April, marking the tenth straight decline and was lower than expected. This data is a positive reference for the decision to stop🚫raising interest rates.
2/ Specifically, airfare✈️, hotel accommodation🏨, and new car🚕 prices fell. While the cost of housing, the largest component (1/3) of the U.S. service sector, rose 0.4% last month, the lowest increase in more than a year.
3/ However, while consumer demand has moderated, wage growth is still very strong. The labor market is still overheated, and the Fed needs to see multiple months of declines to be convinced that price pressures are on a sustained downward trajectory.
Read 6 tweets
May 4, 2023
NFT lending is a growing sector in crypto.

The recent launch of Blend, a P2P perpetual lending platform by @blur_io may lead to innovation in the market: 🧵 (thread)
❇️ On May 1st, Blur partnered with @paradigm to launch Blend, a P2P perpetual lending protocol that supports NFT collateral lending.
Blend offers two products: NFT "collateralized lending" and "buy now, pay later."

The platform doesn't require an oracle, has no expiration date, is liquidatable, and its interest rate is market-driven.
Read 12 tweets
Feb 28, 2023
Total Value Locked of #LSD protocols has surpassed lending protocols! 🙌 🔥

Find out how you can capitalize on this investment opportunity. 👇 🧵 (thread) Image
1/ According to @DefiLlama , the total value locked (TVL) in LSD protocols has reached $14.21 billion, exceeding lending protocols.

One of the targeted assets, $SSV, has seen tremendous growth in February 2023, reaching $45, up by 4.5 times from its January low.
2/ As a common investor, how can you leverage this impressive rise in Liquid Staking Derivates?
Read 9 tweets
Nov 16, 2022
The tech and crypto space is seeing a lot of large-scale layoffs.

We want to reiterate that the hiring plan for #Bitget remains unchanged.

apply.workable.com/bitget/
This June, we announced we would double our workforce by the end of the year.

Our team size grew by 78% within 4 months. from 450 to 800.
We are still on track to hire 25% more people to reach a team of 1000 and achieve our target for the year.
Read 6 tweets
Nov 15, 2022
In light of recent news, we will be increasing our #Bitget Protection Fund from 200 million to 300 million dollars.

#Bitget Protection Fund - bitget.com/en/protection-…
Our #Bitget Protection Fund is backed by cryptocurrencies of high liquidity, such as BTC, USDT, and USDC.
The #Bitget Protection Fund is here to protect our users if their funds are forfeited through no fault of their own.
Read 4 tweets
Nov 13, 2022
Feel sorry to hear a series of bad news about FTX. Its decline inevitably has caused a huge impact on the whole industry, and I believe that users of FTX are most hurt by this crisis.
FTX’s glory in the past is also attributed to the excellent talents and contributors on the platform, incld. KOLs, KOCs and traders, who have suffered a lot in this chaos with huge loss of assets. We have prepared a 5 million USD “Builders' Fund” to help them with assistance.
We also want to deliver a message to the fearful market: Bitget and many other active builders are still working hard to cultivate the crypto world.
Read 4 tweets

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