Key Takeaways

• There is a high probability of another bull market in the crypto space.
• Decentralized exchanges and centralized exchanges are seen more as complementary rather than competing entities.
• Bitget has experienced significant growth, moving up in the global centralized exchange rankings.
• The competitive landscape for exchanges is expanding beyond crypto to include all trading platforms.
• Bitget has diversified its offerings beyond derivatives to include tokenized US stocks and commodities.
• Offering a variety of tokenized products is crucial to meet the diverse demands of users.
• AI-driven tools are becoming a key differentiator in the trading platform landscape.
• Tokenized stocks increase market access for users in regions with limited traditional trading options.
• Tokenized US stocks reflect financial growth but do not confer voting rights.
• The distinction between traditional stocks and crypto is expected to blur as trading infrastructures merge.
• Bitget’s strategic expansion into tokenized assets highlights the trend of integrating traditional finance with crypto.
• AI tools are enhancing trading strategies, providing a competitive edge in the market.
• Tokenized products are gaining traction as they offer more accessible trading options for global users.

Guest intro

Gracy Chen is CEO of Bitget, a leading global crypto exchange. She joined as Managing Director in April 2022, driving global strategy and partnerships that quadrupled the user base and elevated Bitget to a top derivatives platform. With a background in applied mathematics from the National University of Singapore and an MBA from MIT Sloan, she leads the vision for Bitget’s Universal Exchange.

The potential of the next bull market

• There is a 70% possibility of another bull market.

  — Gracy Chen

• Gracy Chen predicts a strong chance of a crypto market upswing.
• Understanding market conditions is crucial for anticipating future trends.
• Gracy’s analysis reflects her experience and insights as a CEO in the crypto industry.
• The prediction aligns with current market optimism.
• A potential bull market could attract more investors to the crypto space.
• Gracy’s confidence in the market’s future is based on detailed analysis.
• The anticipation of a bull market indicates positive sentiment in the industry.

Integration of DEX and CEX

• We see decentralized exchanges (DEX) and centralized exchanges (CEX) more as integration rather than pure competitors.

  — Gracy Chen

• DEX and CEX can coexist and complement each other in the market.
• This perspective highlights a strategic approach to exchange operations.
• Integration of DEX and CEX could lead to more robust trading platforms.
• The relationship between DEX and CEX is evolving in the crypto ecosystem.
• Viewing DEX and CEX as integrated systems can enhance user experience.
• This integration approach may drive innovation in exchange services.
• Gracy’s viewpoint reflects a forward-thinking strategy in exchange management.

Bitget’s growth in the exchange market

• Big Ed has grown significantly in the competitive centralized exchange market.

  — Gracy Chen

• Bitget has moved from a top 10 ranking to top 5 or even top 3 globally.
• The company’s growth is a testament to its strategic initiatives.
• Bitget’s competitive standing highlights its success in the market.
• The exchange’s growth is driven by expanding its product offerings.
• Bitget’s rise in rankings reflects its ability to attract and retain users.
• The company’s success is indicative of its strong market positioning.
• Bitget’s growth strategy focuses on diversification and innovation.

Expanding beyond crypto exchanges

• The competitive landscape for exchanges is evolving beyond just crypto exchanges to include all trading platforms.

  — Gracy Chen

• Exchanges are now competing with a broader range of trading platforms.
• This shift requires exchanges to differentiate themselves strategically.
• Bitget is focusing on differentiating from general trading platforms.
• The evolving landscape presents new challenges and opportunities for exchanges.
• Exchanges must innovate to stay competitive in a broader market.
• Bitget’s strategy involves expanding its product offerings beyond crypto.
• The exchange is poised to compete in a diverse trading environment.

Diversification of product offerings

• Our platform has evolved from focusing solely on derivatives to offering a wider range of products including tokenized US stocks and commodities.

  — Gracy Chen

• Bitget’s product diversification is a strategic move to attract more users.
• Offering tokenized products caters to a broader user base.
• The exchange’s expansion into tokenized assets enhances its market appeal.
• Diversified offerings position Bitget as a comprehensive trading platform.
• The strategy aims to meet the diverse demands of modern traders.
• Bitget’s product range now includes tokenized stocks, commodities, and forex.
• The exchange’s diversification reflects its adaptability to market trends.

Meeting user demand with tokenized products

• Offering a variety of tokenized products is essential to meet user demand beyond just crypto.

  — Gracy Chen

• Users are interested in a wide range of assets, not just crypto.
• Tokenized products quickly gained popularity on Bitget’s platform.
• The demand for tokenized assets is driven by user interest in diverse investments.
• Bitget’s approach addresses the growing appetite for varied trading options.
• The exchange’s product strategy aligns with user preferences.
• Tokenized assets offer new opportunities for traders seeking diversification.
• Bitget’s focus on tokenized products enhances its competitive edge.

The role of AI in trading platforms

• AI-driven tools for trading will be a key differentiator in the competitive landscape.

  — Gracy Chen

• AI tools enhance trading strategies and user experience.
• Integrating AI into trading platforms is a strategic priority for Bitget.
• AI-driven innovations can provide a competitive advantage in the market.
• The use of AI reflects Bitget’s commitment to technological advancement.
• AI tools are expected to transform trading practices and outcomes.
• Bitget’s focus on AI highlights its forward-looking approach to platform development.
• AI-driven tools are becoming essential for modern trading platforms.

Increasing access with tokenized stocks

• Tokenized stocks can provide access to markets for users in regions where traditional trading is difficult.

  — Gracy Chen

• Tokenized stocks offer trading opportunities in underserved regions.
• They address challenges faced by users in accessing traditional markets.
• Tokenized assets can bypass cumbersome KYC processes.
• Bitget’s tokenized stocks enhance market accessibility for global users.
• The approach provides financial inclusion for users in developing countries.
• Tokenized stocks offer a solution to geographical trading barriers.
• Bitget’s strategy aligns with the goal of increasing market access.

Understanding tokenized US stocks

• Tokenized US stocks differ from traditional US stocks primarily in that they do not confer voting power but still reflect financial growth.

  — Gracy Chen

• Tokenized stocks capture financial growth without voting rights.
• They offer a way to participate in market gains without traditional ownership.
• Tokenized assets provide a unique investment opportunity for users.
• The distinction between tokenized and traditional stocks is crucial for investors.
• Tokenized stocks reflect dividends in their pricing.
• Bitget’s tokenized offerings provide a new avenue for market participation.
• Understanding these differences is key for investors considering tokenized assets.

The future convergence of trading infrastructures

• The lines between traditional stocks and crypto will eventually disappear as trading infrastructures converge.

  — Gracy Chen

• The convergence of trading infrastructures is a significant market trend.
• Crypto exchanges are expected to offer on-chain access to various asset classes.
• This convergence will blur the lines between traditional and crypto assets.
• Bitget’s strategy anticipates the merging of asset classes in trading.
• The trend reflects the growing integration of traditional finance with crypto.
• Investors should prepare for a future where asset classes are more interconnected.
• Bitget’s approach positions it to capitalize on this convergence trend.