Bitget launches new trading platform BitEXC in Vietnam
Bitget has introduced a brand-new trading platform in Vietnam called BitEXC. The popular cryptocurrency exchange announced on its website that BitEXC is tailored to Vietnamese preferences and promised to provide local customer service and educational outreach.
Bitget to take advantage of Vietnam's crypto boom
Given that Vietnam ranks second globally in terms of cryptocurrency ownership, the opening of the new exchange is a calculated step in Bitget's expansion in Southeast Asia. According to the exchange, about 21.2% of people own digital assets.
Gracy Chen, CEO of Bitget and BitEXC, said, "Vietnam has shown tremendous potential in crypto, but the market still needs platforms that truly understand and cater to its unique audience. BitEXC was created to bridge this gap by providing local support and products customized to fill the needs of its crypto users."
According to a 2023 survey, decentralized exchanges were preferred by 90% of Vietnamese cryptocurrency users. It is anticipated that the launch of BitEXC's could take a sizable portion of the Vietnamese market. There are more than 45 million users on Bitget, and the exchange reported a 50% quarter-over-quarter increase in traffic and a capital inflow of $700 million in the second quarter of 2024.
BitEXC features
BitEXC provides spot and futures trading in addition to peer-to-peer (P2P) trading. It takes payments via ZaloPay, a part of the local Zalo instant messaging system; Momo, the Vietnamese service of Canadian Nuvei; and the state-owned ViettelPay. On the first day, the website was only open for P2P trading.
The crypto trading platform offers live chat and voice support as well as real-time customer support to make sure users have the guideline they need to explore the cryptocurrency market. Additionally, the platform provides a VIP service that guarantees high-net-worth customers individualized account management and special benefits.
BitEXC security protocols
BitEXC will make use of Bitget's infrastructure. The announcement states that BitEXC will incorporate the same cutting-edge infrastructure to protect users' money and information. Users on the platform will also be covered by the Bitget Protection Fund. Unexpected market volatility is meant to be offset by that $300 million self-financed fund, which is held in Bitcoin and Ether.
Within the next three months, copy trading and an earn program are anticipated to be introduced. According to the article by the company, BitEXC is running a number of promotions to commemorate its launch, such as sign-up bonuses, mystery box prizes, and referral bonuses.
Disclaimer
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