Bitget, one of the top 15 cryptocurrency exchanges, wants to get more traction in Latin America, where Bitso and Binance have long held a dominant position. The growth director for Bitget in Latam, Maximiliano Hinz, thinks the exchange can set itself apart by giving novice investors resources like its copy-trading option.
Bitget wants to become more popular in Latin America.
Bitget, a cryptocurrency exchange established in the Seychelles, is getting ready to grow both its clientele and its footprint in Latin America. As one of the top 15 cryptocurrency exchanges, the company plans to concentrate on growing its customer base in the area by catering to novices in the industry and providing portfolio management and investment management solutions for those who are not as knowledgeable about cryptocurrencies.
Maximiliano Hinz, Bitget’s growth lead for Latam, thinks the secret to this strategy may be copy-trading, a tool that lets users replicate the trading movements of more experienced investors by using a portion of their account. This could set Hinz apart from the top exchanges in the area, such as Bitso and Binance, which have already developed specialized products for the Latam markets.
Hinz said in a Valor Economico interview:
We would like to present a substitute. These days, you have to be an expert or acquire cryptocurrency for the long run. The majority of traders on our platform are not full-time traders; instead, they are employed.
Additionally, the exchange is ready for the upcoming wave of cryptocurrency regulations that are anticipated to hit Latin American markets this year. One of the biggest and most significant cryptocurrency marketplaces in Latin America, Brazil, is getting ready to create a framework outlining the regulations virtual asset service providers (VASPs) must go by in order to do business.
In terms of compliance, Hinz stated that all necessary measures to safeguard investors must be taken, and they must be taken without impeding innovation. In the next two years, Bitget intends to increase the number of employees in Latin America from 80 to 160. Additionally, it is about to release its cryptocurrency debit card, which insiders and influencers are testing and will soon be available for release nationwide.
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