bitgetA global cryptocurrency exchange has been launched. BitEXCA Vietnam-focused trading platform aimed at reshaping Vietnam’s digital asset market. Through customizable features, local payment integration, and customer support, BitEXC seeks to bridge the gap between global crypto infrastructure and the specific needs of Vietnamese users. Bitget introduces BitEXC to the market with this goal.
Vietnam: A Thriving Cryptocurrency Ecosystem
Vietnam continues to rank high in cryptocurrency adoption. Impressive, according to Bitget 21.2% of Vietnam’s population It owns digital assets, reflecting the country’s growing interest in decentralized finance and blockchain technology. By launching BitEXC, Bitget plans to enter this passionate market.
Gracie ChenCEO of Bitget and BitEXC, emphasized the platform’s commitment to understanding local user needs.
“Vietnam’s cryptocurrency adoption is amazing, but the market lacks a platform designed to cater to its unique audience. BitEXC was created to provide Vietnamese users with a comprehensive and user-friendly trading experience by providing localized solutions,” Chen said. This shows how Bitget introduces BitEXC with a focus on user-centric features.
A night to remember at our VIP Dinner with BitEXC, celebrating our milestone partnership for Vietnam's Web3 future!🥂
Champagne toasts, live music, and incredible vibes set the stage for what’s ahead.#EventwithBitget #VTIS2024 pic.twitter.com/nkIUi8tmgo
— Bitget (@bitgetglobal) December 3, 2024
Features tailored to Vietnam
BitEXC promises a series of services tailored to the Vietnamese market.
1. Peer-to-Peer (P2P) transactions: This type of trading facilitates direct trading between users, ensuring accessibility for both beginners and experienced traders.
2. Local payment options: Integrates popular Vietnamese payment systems such as ViettelPay, Momo and ZaloPay to simplify fiat-to-cryptocurrency transactions.
3. Spot and futures trading: Provides advanced tools for experienced investors seeking higher returns.
4. Monetization and Copy Trading Program: These features, which will be launched in the next three months, aim to increase user engagement and profitability.
Additionally, BitEXC is supported by: Bitget’s $300 Million Protection FundIt is stored in Bitcoin and Ethereum to protect users from unexpected market disruptions.
Competing in a market dominated by DEXs
Vietnamese traders mainly prefer decentralized exchanges (DEXs), according to a survey. 90% prefer DEX platforms. For transparency and security. However, BitEXC plans to differentiate itself by combining the advantages of a centralized exchange infrastructure with localized services. So Bitget introduces BitVEXC to offer a differentiated alternative.
By addressing regulatory challenges and incorporating blockchain innovations, BitEXC has established itself as a trusted alternative for traders looking for a variety of options within a structured framework.
Vietnam’s blockchain-friendly policies
The Vietnamese government’s supportive stance on blockchain further strengthens BitEXC’s growth prospects. In October Ministry of Information and Communication Announced national blockchain strategy, including plans to promote legal recognition of digital assets and blockchain-based innovation across industries.
This regulatory clarity could foster increased cryptocurrency adoption and position Vietnam as a leader in the global blockchain ecosystem.
Bitget’s strategic expansion
The launch of BitEXC is consistent with Bitget’s broader expansion goals. The exchange reported as follows: $700 million in capital inflows in the second quarter of 2024 no way Web traffic surges 50%. Bitget’s listing of Hedera (HBAR) on the same day as BitEXC’s debut signals its commitment to providing diverse investment opportunities to its global user base. 45 million. Clearly, Bitget introduces BitEXC as a key part of its strategy.
the way forward
As BitEXC gains traction, it could become a key player in the region through its localized services and alignment with Vietnam’s regulatory framework. BitEXC aims to transform the cryptocurrency trading landscape in Vietnam by leveraging its parent company’s strong infrastructure and focusing on community-driven initiatives.
For Vietnamese traders, BitEXC offers an innovative approach to digital asset management, connecting global technologies with local needs. In summary, Bitget introduces BitEXC as an innovative solution for the thriving Vietnamese market.