The phrase blockchain is without end tied to essentially the most well-known of all digital currencies, Bitcoin, which created a brand new gang of millionaires and billionaires, some fascinating monetary improvements and a strong dose of controversial press protection and media debate. Blockchain has additionally been used, over the previous 5 years, to promote pics of bored monkeys, commerce meme cash (and comparable packages) and generate just a few, very effectively publicized and world scandals, which, given the nonetheless measurable dimension of the crypto trade, are being perceived as approach too many. The expertise per se is evolving, and it has the potential to turn out to be helpful, and crucial in numerous components of the world, to each new and conventional finance operators, as they appear to be its keenest adopters. To grasp the “State of the Nation” and get a glimpse into the way forward for the area, we sit down with Gracy Chen, CEO at Bitget, one of many High 10 exchanges on the earth (in addition they have their very own pockets and coin). They serve over 120+ million customers in 150+ nations and areas, and the change is dedicated to serving to followers commerce smarter. That’s pro-lingo for it’s not nearly crypto. That is our change.
Inform us a bit your story.
In 2014, I graduated from school, with a BA in Utilized Arithmetic, in Singapore. I grew to become a TV journalist, overlaying finance and tech matters, principally as a result of it was very near my quantitative background. My encounter with the crypto world occurred in 2015, through mates and a few blockchain pioneers, like Tim Draper. I instantly appreciated the mathematical fantastic thing about the Bitcoin idea and purchased some bitcoin for myself. I bought my MBA from MIT, as I’m a agency believer of life-long studying, plus there was the large attraction of learning within the US and being uncovered to the tech world. In 2022 I joined Bitget as a Managing Director, after co-founding a few tech start-ups. In 2024, the Bitget board requested me to step as much as the CEO position. I’m the one lady main a High 10 change, which I strongly imagine wants to vary. This was one of many key driving elements for the creation of the “Blockchain for her” program, to foster variety and inclusion within the trade.
What’s distinctive about Bitget?
Our USP, if you’ll, is that we’re the primary UEX, or common change. I coined the time period for us because it embodied the route that we needed to take Bitget to. Our customers wish to have choices in asset allocation, diversifying their portfolio. We serve customers, who wish to purchase, for instance, tokenized inventory, commodities, or ETFs, on prime of crypto. We’re overlaying all asset lessons. The entire finance world is altering on this route. For instance, Nasdaq filed a proposal to introduce the buying and selling of tokenized securities, beginning 24/7 actions and leveraging blockchain-powered tech. Tokenization of belongings is rising. Our UEX has additionally different parts, together with AI. Our GetAgent can turn out to be followers’ advisor, educator and sidekick on all issues crypto. It is sensible to create a platform that may present everybody entry to monetary devices. Blockchain is a superior tech stack, cheaper and sooner, working 24/7. It’s particularly vital to put it on the service of buyers globally, giving them a trusted one-stop platform for all their buying and selling wants.
What’s the way forward for the crypto area, in your opinion?
The trade isn’t innovating sufficient. Bitcoin, stablecoins and AI+ crypto are in all probability three options that offers me hope about what we’re doing and concerning the future. Brief-term hype like meme cash aren’t the very best that blockchain can do for us. Stablecoins are liable for one in ten world cross-border transactions. Visa, Mastercard, SWIFT are all blockchain and crypto primarily based improvements. We haven’t performed sufficient, however there may be traction. We’re at first.
Moreover finance, different industries may very well be revolutionized by blockchain. Actual World Asset (RWA) tokenization may very well be performed tomorrow, from a tech standpoint. Regulation isn’t there. Context and tradition aren’t prepared. Regulation and enforcement are wanted for advanced packages to fly.
Cash, funds and investments are for positive use circumstances that we have to crack quick, that we are able to clear up, for everybody. Bitget desires to be part of that.
A common change, for everybody to seek out any asset the universe can provide feels like a daring imaginative and prescient. Creating wealth with a trusted and environment friendly commodity for all will unlock large worth for the entire world and it’s one of the simplest ways to make use of a expertise like blockchain, most frequently than not used for hypothesis and short-term good points. Time to take a look at the massive, virtually “common” image.
