Bitget China Tour Shanghai Cocktail Reception Successfully Held

On April 12, Bitget's China Tour Shanghai cocktail party, hosted by Bitget and co-organized by BoChain Finance, was successfully held at Mango Music (Livehouse) on the Bund in Shanghai. This event is the third stop of Bitget's "Plan B China Tour" after Chengdu and Beijing.

The event started with an opening speech by Fan Yuanyuan, co-founder of BoChain Finance. Fan Yuanyuan said that BoChain Finance currently has three major businesses: professional and in-depth original content, high-quality online and offline summit activities, and primary and secondary investment incubation.

BoChain Finance was founded in 2018 with blockchain financial media as its entry point. It has gone through multiple rounds of bull and bear markets. Bitget was also founded in a bear market. As a third-party perspective and long-term partner, BoChain Finance has witnessed the birth and rise of Bitget step by step.

Afterwards, Bitget VP Josephine gave a speech titled "Bitget 2.0, the Leader in the Derivatives Track".

Josephine pointed out in her sharing that as a digital asset derivatives trading platform headquartered in Singapore, after three years of development, Bitget has been ranked among the top five in the contract exchange rankings of platforms such as CoinMarkETCap, Coingecko, MyToken, and Feixiaohao.

Currently, Bitget has more than 200 employees worldwide, located in countries and regions such as Singapore, Japan, South Korea, Russia, and Vietnam. Domestic employees also cover first- and second-tier cities. Among them, product and technical talents account for more than 50%, which also reflects the importance Bitget attaches to products and technology.

At the beginning of 2021, Bitget has gained a considerable market share in overseas markets, and various data in Asia are also growing. So far, it has more than 1.2 million registered users worldwide and the number of daily active users (DAU) exceeds 8,000.

Josephine said that Bitget's "one-click copy trading" function, which was launched in May 2020, has more than 4,500 traders. Traders with different operating strategies and styles can be seen on the platform. The cumulative copy trading has exceeded 3.2 million, and the profit sharing has reached 4.78 million US dollars. It has become the world's largest digital asset copy trading platform, with a 24-hour trading volume as high as 5.86 billion US dollars.

As of now, Bitget has many innovative contract products such as forward and reverse contracts, one-click copy trading, one-click reversal, and batch stop profit and stop loss.

Among them, the forward and reverse contracts are based on USDT standard currency, with simple operation and no delivery. In terms of funding rates, the rates are smooth and the cost is low. The depth of 2‰ on the market exceeds 9 million US dollars, and the depth of 1‰ exceeds 4.7 million US dollars. The system is stable, without unplugging or plugging in. It has never been down since it went online. Currently, the liquidity of BTC/USDT ranks among the top 5 in the world.

At the same time, as the industry's first and benchmark product, one-click following and one-click reversal, automatic opening and closing of positions greatly reduce the threshold of contracts, and one-click selection of traders to follow the transaction solves the problems of irresponsibility, opacity and high fees of traders. Specific follow-up transactions are recorded one by one, without lag or delay, and stop profit and stop loss can be preset. Hundreds of top traders from all over the world have settled in to guide orders, and 10% of the generous profits are shared. As an official self-developed system of Bitget, rather than a third-party platform, it is trustworthy and the data is open and transparent.

According to Josephine, Bitget will also launch a new type of perpetual reverse swap contract, namely a hybrid contract. Technically, this product has realized a high-performance matching engine with fast speed, small spread and good depth. It has changed the traditional trading method that currency-based contracts are only applicable to local currency transactions. A single currency can be used as margin for multiple currency pairs at the same time, and there is no need to exchange currencies and other operations.

In terms of security, Bitget has built its own international first-line security financial expert team, focusing on risk control security, multi-signature of hot and cold wallets, and multiple physical isolations. The independently developed contract product is the only one in the industry with SSL12 indicators reaching A+, and has been included in the national security rating agency CER.

In 2020, Bitget also received tens of millions of dollars in investment from Asian gaming giants SNK and Anlan Capital. It is currently valued at US$1 billion, becoming a US$1 billion unicorn company in the blockchain industry.

At the same time, in the past two years, Bitget has been laying a solid foundation, and 2021 will be a key year for Bitget's global strategic layout.

In terms of compliance, Bitget has successively obtained compliance licenses from four countries, including the US MSB license, Australian DCE license, Canadian MSB license and Singapore digital currency payment service exemption.

Then, ChainCapital CEO Li Xiangmin gave a keynote speech titled "How to Ride the Wind and Waves in the DeFi World". He said that as of April 11, 2021, the locked funds of major DeFi platforms and protocols reached 82.8 billion US dollars, an increase of 150 times in more than a year. On April 11, 2021, the daily trading volume of DEX leader Uniswap was 2.7 billion US dollars, an increase of 2,700 times in more than a year. On April 11, 2021, the total market value of all tokens in the DeFi sector was 100 billion US dollars, an increase of 58 times in more than a year.

He believes that the main reasons behind the exponential growth and popularity of DeFi in 2020 are FOMO + leverage + incremental funds out of the circle (exchange public chains such as Binance Smart Chain BSC, Huobi Ecological Chain Heco and OKExChain attract new users to enter).

The next three major trends of DeFi are: fixed interest rates, decentralized derivatives, and innovative algorithmic stablecoins. Regarding DeFi, Li Xiangmin said that it is necessary to always pay attention to several major indicators such as TVL (total value locked) and revenue (fees paid by users for using the protocol), FDV (market value and fully diluted valuation), and F/V (revenue and value locked ratio).

New Bloc Senior Investment Director Ru Chu talked about "The Subjectivity and Marketability of Investment" from the perspectives of the cyclical nature of major financial assets (bonds, stocks, gold, commodities, cash), cyclical rotation asset allocation, and the Merrill Lynch clock (recovery, expansion, recession, and stagflation).

Coin CMO Mr. Shi shared his experience and shared whether we should play altcoins or contracts in 2021. Mr. Shi said that as of now, the primary market can still continue to invest, but risks need to be controlled. In terms of major categories: overseas projects are mainly innovative, and projects made by established high-quality project teams can also be paid more attention, because DeFi, NFT and other super tracks in this wave are all from abroad; the second category, domestic projects, tend to be projects with stable cash flow and hematopoietic ability. Contracts can make money in both bull and bear markets, so investors need to improve their trading level, keep learning, and constantly improve themselves.

Finally, Homily, the founder of Boyu Quantitative, elaborated on the five core technologies of trading from the perspective of a professional secondary investor. The first is "slow". Good success is the hard work of smart people, so trading cannot be too hasty, and wealth needs to be accumulated step by step; the second is "strategy": victory can be known, but not done. Every transaction must be planned and planned, where to buy and where to sell; the third is "wait": "No Zuo No Die, if you don't commit suicide, you won't die. Real trading opportunities need to wait; the fourth is "determination": the determination here refers to one battle. Those who are really successful in the market are actually not trading every day; the fifth is "no loss": the market is crazy, and the first thing to do is not to lose money, so that you can get positive returns.

Hundreds of guests from investment institutions, quantitative, media, third-party institutions and blockchain practitioners attended the event, and the interaction was lively and the exchanges were full of valuable information. It is reported that the next stop of Bitget's national tour will be held in Shenzhen, so please stay tuned.