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Bitget Reports Significant Growth in MENA Region

Apr 17, 2024

Bitget, a prominent cryptocurrency exchange and Web3 company, has reported remarkable growth in the Middle East and North African regions over the past six months. The company has attracted more than 2.5 million users solely from this region, contributing to a global user base of 25 million individuals.

Bitget revealed its expansion plans in the MENA region, aiming to establish a regional hub in the UAE and recruit 60 employees as part of its worldwide scaling strategy. Over the last six months, Bitget has experienced a 500% surge in trading volumes in MENA, with a focus on offering localized solutions for its users.

Sam A. Spiers, Regional Director for Bitget MENA, expressed the company's commitment to enhancing operations in the MENA region by taking advantage of the area's high adoption rates and favorable crypto environment. Bitget is exploring blockchain and crypto projects to support regional initiatives for listing while providing exposure to Middle Eastern founders and products.

In a recent Bitcoin Halving report released by Bitget Research, it was observed that over 80% of MENA investors believed the halving had a significant price impact. Furthermore, 88% of respondents anticipated the recent Bitcoin bull run to reach its all-time high value, indicating a higher level of optimism compared to other regions.

To cater to the MENA region, Bitget offers Arabic language support for its platforms, including zero fees for buying and selling cryptocurrencies through Bitget P2P. The company's collaboration with OnRamp enables users to trade crypto using various local currencies seamlessly.

Gracy Chen, Managing Director of Bitget, stressed the importance of the MENA region in the global crypto transaction volume. Bitget is actively pursuing license applications to operate in key markets, prioritizing user security on its WEB3 platform.

Bitget's expansion efforts have extended to Poland and Lithuania, alongside recent localization in Türkiye with the launch of Bitgettr.com. The company has introduced tailored services for Turkish users, including a Ramadan campaign offering zero fees for Bitcoin and Ethereum trading.

Established in 2018, Bitget continues to serve a large user base globally while focusing on creating user-friendly crypto products and services. By collaborating with reputable partners and offering innovative features, Bitget aims to promote crypto adoption among individuals worldwide.

For additional details about Bitget, you can visit their official website or contact their PR team at [email protected].

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