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Some weeks back, the clash between the federal government and Binance stirred controversy online, leading to Binance halting naira pair trading and removing naira P2P from its platform. This prompted users to shift their assets, especially USDT, to other exchanges like Bitget, Bybit, OKX, and Kucoin. Binance has long been a stalwart in the crypto sphere, delivering satisfaction to users and constantly innovating to enhance the user experience. However, a friend of mine recently faced issues with Bybit P2P, noting unresponsive customer support—a departure from the swift resolution typically seen on Binance. The question arises: What strategies can these other exchanges employ to compete with Binance effectively? Is any exchange poised to fill the void left by Binance? Let's explore this topic further. |
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When considering the profitability of exchange tokens, Binance BNB, OKX OKB, and Bitget BGB emerge as top contenders, ranking 5th, 38th, and 61st respectively on CoinMarketCap. Binance's BNB, launched in July 2017 at $0.11, soared to an all-time high (ATH) of $686.31 in May 2021, and currently trades above $550, solidifying its position as a premier asset in the crypto realm. Its trajectory suggests promising prospects for the upcoming bull market. OKB, introduced in March 2018 at approximately $0.6, has experienced remarkable growth, hitting an ATH of $73.83 on March 13, 2024, and now trades around $56.63. Its performance, particularly considering its initial listing price, is noteworthy. Bitget's BGB, unveiled on July 26, 2021, at $0.05850, quickly gained adoption and has shown consistent performance. With over 15 new ATHs since 2023, including multiple recent highs, its current ATH is $1.37, while it trades at $1.319. With a market cap nearing $2 billion, its relatively lower price compared to BNB and OKB makes it an attractive investment option. While other exchange tokens show promise, these three stand out due to their ecosystem growth. They present compelling investment opportunities with significant growth potential. However, opinions vary, and I invite discussion: Do you hold any of these tokens, and what are your price expectations for the upcoming bull run? |
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Over the past few years, the lending and borrowing of crypto assets have seamlessly woven themselves into the fabric of DeFi. However, it's no secret that many platforms grapple with various issues. Among the most significant concerns, particularly for borrowers, is the prevalence of over-collateralized loans with on-chain assets. But fear not, for a solution has emerged in the form of Goldfinch. Goldfinch stands apart with its revolutionary credit model, "trust through consensus," which evaluates borrowers' creditworthiness based on their historical behavior. In a departure from the norm, Goldfinch also accepts off-chain assets and income as collateral, setting a new standard in crypto lending. Since its inception, Goldfinch has facilitated over $100 million in loans, capturing the admiration of crypto enthusiasts worldwide. Operating in more than 28 countries, including the U.S., Brazil, Mexico, and Nigeria, Goldfinch aims to expand its reach to over 100 nations. With Goldfinch, the headaches of funding delays and gatekeepers synonymous with traditional banks are but a distant memory. Users gain access to vital resources precisely when they need them, while lenders enjoy attractive passive income opportunities. The native token, GFI, has experienced phenomenal growth, surging by over 226% in the past month alone, with a total value locked exceeding $500 million. Its recent listing on top-tier CEXs like Bitget underscores the burgeoning demand and interest in the token, hinting at even greater heights to come. Given GFI's versatile utility, it's only a matter of time before traditional banks find themselves on the wrong side of history, especially with their exorbitant borrowing rates. The trajectory of Goldfinch's growth fills me with excitement, and I eagerly anticipate their continued success. What are your thoughts? I'd love to hear your perspective. |
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In the ongoing debate between centralized exchanges (CEX) and decentralized ones (DEX), the issue of regulation looms large. While some may champion the autonomy of DEX, the reality is that without stringent regulatory oversight, it's challenging to root out fraudulent activities from CEX. Admittedly, the idea of government intervention might not sit well with many in the crypto community. However, the recurrence of scandals and malpractices begs the question: How long can we tolerate these periodic upheavals? Despite personal reservations about figures like Gary Gensler, it's crucial to acknowledge the positive role regulatory bodies like the SEC can play. A recent example, such as the Kucoin debacle involving allegations of money laundering, underscores the potential market repercussions without regulatory oversight. The swift action taken by authorities in sentencing individuals involved, like SBF, highlights the necessity of accountability. Yet, it also prompts us to question whether entrusting our financial fate solely to exchange executives is prudent. Indeed, DEX presents an alternative, but it's not without its own set of challenges and risks. Consequently, the argument for comprehensive regulation gains momentum. However, recent events, such as the Nigerian government's demand for user data from Binance, raise concerns about user privacy and safety. It's a complex landscape, with each development sparking further questions. Is it conceivable for an exchange to operate for decades without incident? Can we envision a future where users feel secure and confident in their dealings? These are the discussions that need to be had as we navigate the evolving terrain of crypto exchanges. |
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Blockchain technology has experienced considerable success and adoption in recent years, with Bitcoin and Ethereum leading the way. However, continuous innovations are addressing some of the limitations of these two prominent technologies. While Bitcoin and Ethereum have been at the forefront, other blockchains such as Solana, Polygon, and numerous others have also made significant strides in the blockchain and crypto sphere. One project that has particularly caught my attention is VOYA. VOYA stands out as the first fair launch BRC-20 token on the Merlin chain. The Merlin Chain distinguishes itself as more than just another blockchain; it represents a groundbreaking Bitcoin Layer2 solution that integrates ZK-Rollup technology, decentralized oracles, and on-chain BTC fraud-proof modules. Powered by Bitmap Tech, Merlin Chain seeks to enhance Bitcoin's protocols and products, offering faster, cheaper, and more scalable transactions. Merlin blockchain has quickly become one of the most sought-after blockchains for developers, and VOYA, being the inaugural BRC-20 token on it, appears primed for long-term success. With its recent addition to several top exchanges, including Bitget, I believe this project holds significant potential. However, I am curious to hear your thoughts on the matter. |
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Launchpool has always been a good avenue to earn from new crypto projects and i have benefited in participating in several cex launchpool including Bitget, Binance and okx so i would say you should give it a shot because you have absolutely nothing to loss. I also saw the ongoing ZK event on the exchange and i have joined. Good thing about this is that, you can either stake BGB or USDT to participate. 1 Like |
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In recent months, the Indian government delisted approximately nine crypto exchanges, including Binance, Kucoin, and HTX (Huobi), citing regulatory compliance issues. However, OKX, Bitget, WaziriX, and a few others were permitted to continue operations. Unfortunately, OKX has now declared its exit from the Indian market, setting a deadline of April 30th for users to withdraw their funds. The decision to withdraw stems from regulatory compliance concerns, as the Indian government escalates efforts to regulate digital asset providers, requiring adherence to the Financial Intelligence Unit India (FIU IND) standards established in 18th November 2004 In a parallel development, OKX has also ceased operations in the Australian market, discontinuing major products such as Futures, copy trading, and BOT trading as of March 20th, 2024. This development has sparked concerns among users in both India and Australia, potentially impacting their participation as the market rebounds from recent adjustments in BTC and major altcoins. While regulation is crucial in addressing past instances of fraud within the crypto space, the evasion of regulations by some exchanges raises legitimate concerns. Although exchange like Bitget is still fully operational in the country but the question is, how long will it take before they discontinue operation as well? |
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While BTC and numerous altcoins experienced sharp dip in price yesterday, Solana-based memecoin $BOME soared, surpassing all expectations by soaring 5× upon initial listing on Bitget. Crafted by the esteemed crypto artist Darkfarms, $BOME garnered over 10k SOL within 24 hours, solidifying its position as the largest liquidity pool among Solana-launched memecoins to date. In just two days since its launch, $BOME has skyrocketed by an astounding 100x, boasting a current market capitalization of $260M, a significant leap from its initial $2.6M. Its liquidity pool, now standing at $32M, has even surpassed that of PANDORA. With over $35.8k on-chain holders and a staggering $500M trading volume within 24 hours post Token Generation Event (TGE), $BOME is poised to become the leading memecoin within the Solana ecosystem, potentially surpassing even BONK in the future. The project's social sentiment is palpable, evident in its remarkable 70x growth within 24 hours of listing. Observers predict a 13x growth potential compared to PEPE, highlighting $BOME's promising trajectory. Now available on Binance's derivative platform, $BOME is positioned for further milestones in the days to come. Seizing this opportunity to join the early adopters could yield significant rewards. Who else is riding the bullish wave of $BOME? Share your excitement in the comments below and join the journey to success. |
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It's no doubt that Ethereum memecoins have long reigned supreme, while Solana projects have recently seized the spotlight. However, amidst the plethora of memecoins on the AVAX chain, one token is silently poised to disrupt the status quo. Gecko Inu is the latest buzz among memecoin aficionados. In just a few days, this project has captivated the attention of investors, witnessing a remarkable influx of capital. With a market capitalization surpassing $16 million and a staggering 24-hour trading volume surge of nearly 1000% compared to the previous month, it's clear that investor interest in Gecko Inu is soaring. Boasting over 9349 token holders, 95% liquidity, and a generous 5% Airdrop to the community, coupled with buyback, staking and built-in burn strategy, GEC is solidifying its place among memecoin enthusiasts and investors are gradually building more confidence in the project due to its listing on top exchange like Bitget. Gecko Inu's meteoric rise and robust features have sparked speculation about its potential to disrupt the AVAX ecosystem and vie with Ethereum and Solana projects. As the crypto community eagerly watches its progress, only time will tell if Gecko Inu can truly alter the course of the narrative and emerge as a formidable contender in the competitive crypto arena. What are your thoughts about this project, let's discuss
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Undoubtedly, memecoins have dominated discussions since the start of the year, witnessing substantial cash influx and market capitalization, often surpassing that of well-known altcoins. Notably, PEPE on Ethereum and BONK on Solana, among others, have experienced significant growth. With the bull run looming, there's a possibility of emerging low-cap memecoins stealing the spotlight, akin to SHIB's rise a few years ago. Many of these popular memecoins have seen 5x to 8x gains in the past month alone, making some investors hesitant to enter the market at this stage, despite the ongoing potential. Attention is now shifting towards low-cap memecoin projects. I recently stumbled upon a new project, $PENG, which just got listed on Bitget. I'm curious if there are other memecoins that you all are eyeing with promising potential. Let's discuss. |
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alcuin:Shey you dey wine us ni, p2p platform wey no dey open at all naim you say make person go use. Na Bitget I dey use since this unfortunate incident happens
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I love trading competitions, I have engaged in about 5 but only won once but the prize was worth it plus it helps me get more experience. Is the event still ongoing. Please share me the link. |
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LeeJunior: Your insight did make sense but that's not fact. over the last 5 days, I missed to buy PEPE at $0.25 coz the price was already doubled and I was waiting for retracement, unfortunately pepe is now above $0.41. same thing with BCH and TAO. Although this are not new tokens but we have seen similar new projects with utility continue on upwards trends after listing. While it's not good to fomo into some tokens that have already done multiple ×, one can still tag along and invest small amount just Incase the ride continues and keep certain amount to DCA Incase of retracement but in all this, one must necessarily DYOR as my opinion doesn't translate to financial advise. |
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Looking at the latest happenings in the crypto landscape, it would amount to lack of proper investment plan if one wants to overlook memecoins potential. DOGE is currently at #9 with a total mcap above $20B, PEPE has rose from $498m mcap in the last 7 days to almost $2B. Almost 4× in just one week, AIDOGE, FLOKI, WOJAK among several others have also experienced significant price action hence memecoin are the real deal if you ask me...they have been on top gainers list across several CEXs and it's no surprise seeing some exchanges organising some earn event for it. 1 Like |
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Abigailzino: Guy na you try pass, I no know say this Bitget good like this oooo...e don tey wey I dey jonze. Just did a p2p transaction seamlessly now. Thanks
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MAVIA continue to surge and surprise many people including myself. Obviously a gem I missed. I think their gaming experience is unique for the token to be generating such traction. I would just have to wait for a retracement to grab a bag. This is just a tip of an iceberg to what is expected in the next bullrun
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Looking at the amount of Airdrop distribution, I wasnt expecting much from the token as I managed to buy just a lil bag but surprisingly, DYM has maintained its bullish move. Will be looking out for any retracement to grab more bag as the token as shown that it could be worth holding for the long term.
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I haven't really been interested in memecoins since entering the crypto space 5 years ago. Wasn't moved by SHIB, DOGE and FLOKI moves in the past years but my interest started back in April of 2023 after PEPE came to limelight and subsequently hit over $1b mcap in less than 3 months with many investors making 50 to 100× whereas there are many altcoins that has been in existence for over 5 years without attaining such height I became more interested after BONK followed similar pattern few months ago and decided to ape a little bag of MYRO towards the end of 2023 when the token dipped and it wasn't long before the token printed some green candle and went bullish around late January. Quickly took some profit and reinvested some funds after another flash dip. While browsing through my X feed today, I was surprised to see the token trending again and on opening my Bitget PF, I was already 2×+ of what I just recently invested. Quickly took out decent amount of profits again. It's not too much though but looking at the current BTC and major altcoins trends, I think looking into potential memecoin can do some magic and keep one afloat before the bullrun but of course it's not a financial advise. |
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I played the Upland and Axie infinity games last year and earn some tokens by playing which was quite interesting but my interest in AI tokens made me focus less on this gameFi project but looking at MATRIX model, I might give it a shot since the native token is not quite popular ATM. Perhaps with the exposure the token is getting via the listing on Bitget, early holders of the token might smile eventually but it's NFA tho |
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ZetaChain’s utility cannot be overemphasized especially its smart contracts capabilities which can read and write data on any chain to which they’ve established a connection, enabling seamless asset transfers and smart contract execution across multiple chains. Quite surprised to see the mcap above $700m and over $800m trading volume in the first day of its lunch across several exchanges. It's a big win for those that got the airdrop but am staking some BGB on Bitget to earn from the 300,000 $zeta in the ongoing launchpool since I wasn't eligible for the airdrop. |
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Initially thought it's a new token but scanning through coingecko, I discovered it's a token that has been here for a while, the token has quite a good use cases and fundamentals especially the direct integration that allows API3 removes the need for intermediary services which potentially reduces cost and efficiency. Looking at the disparity between the ATH and the current price trend, I think it's a good opportunity to accumulate the token before it break outs. I have been monitoring the chart since listed on Bitget and the buying pressure has been huge perhaps the listing event is responsible for the traction |
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Looking at the functionality and use cases of $ORNJ, it could be another strong BRC-20 token to follow the lead of $ORDI if not outperformed it in the long run, I have been watching closely and set my alarm for the listing date. I would also like to know if there is any event for the listing on Bitget. |
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That's awesome to know...I have actually participated previously in some Bitget trading event and the rewards are quite good.. Do you have the link to these particular event, I would love to participate to earn some free token |
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Considering the fact that the project team could get Iniesta as their ambassador, I would say their is potential for the token to gain massive attention on the long run. What's the current mcap of the token? |
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Over the last 15 years, the cryptocurrency industry has seen great achievement and conquer several huddles to get to its current state. With a current market capitalization of over $1.8 trillion, one could say there is lot more to expect from the industry especially with the recent approval of the Grayscale spot Bitcoin ETF. Centralized exchanges have played a great role in facilitating cryptocurrency adoption and this success can be attributed to some top exchanges like Binance, Bitget, OKX and several others. One area of concern for the cryptocurrency industry has always been trust. Lots of ugly scenario has happened in the past with last incident of FTX still lingering hence some exchanges have levelled up to give users assurance that their funds are save with them by introducing Proof of reserve and customer protection fund which can be verified. Bitget is one of the top CEX that continually strive to ensure users have absolute confidence in the platform and aside being regulatory compliant, they have a verifiable PoR and over $424M in customer protection fund. Aside this convincing steps taken by the exchange, in a bid to further consolidate on their reputation, the exchange partner with Lionel Messi in 2022 and it has been a great partnership, of a fact, everyone knows that Lionel Messi is a public figure that is well known globally and he values the reputation he has built over the last 20 years hence partnering and accepting to be Bitget ambassador signal that he has done his due diligence to accept the offer from the exchange despite been offered a $1M higher by other exchanges. With over a year of amazing experience created, 2024 already looks promising as the exchange and the football icon are already planning another fantastic partnership "themed" make it count. Can't wait for what 2024 holds for sport lovers and cryptocurrency enthusiasts especially Bitget users. What are your thoughts.
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This is a welcome development for traders. Keeping track of ones record in trading is vital as it helps to make more informed decision on the long-run... Am impressed with this new addition and hopefully they will improve more on it. |
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It's that time of the year again when everyone is preparing to celebrate. It's a time where institutions, companies or organization do end of year appraisal and reward staffs that have been exceptional in the course of the year to boost their moral ahead of a new year. I know for a fact that even in the conventional buying and selling sector, buyers are incentivized at the end of the year to keep them retained to the sellers but it seems those of us in the crypto space aren't getting the motivation we deserve to continue our patronage to this exchanges. Am curious to know if you guys benefit any rewards at the end of the year for using your various exchanges or is it the same story everywhere? |
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To a layman, the question would be what business or effect would a football icon like Lionel Messi possibly have on a crypto exchange, but to those in the space who understands that trust and integrity matters before choosing a crypto exchange would be able to relate. While many may downplay the importance of having this superstar as an ambassador or partner of Bitget exchange, I would say it's a step in the right direction towards giving users assurance and confidence that their funds are safe with such exchange because it's obvious that with the reputation that Messi has built for himself, he wouldn't want to jeopardize it hence he will only agree to partner with brands that are trust worthy. Personally I think having more reputable individuals partner with crypto exchanges will enhance more transparency but I will like to hear from those that have a divergent opinion. |
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Chukatabra: Of course one should have BTC and ETH in their PF because aside expert opinion, there is no bullrun without this two coins. However, it's important to note that several altcoins can even out perform this tokens hence the reason to do research. Binance token BNB did so well in the last bullrun and considering the steady growth of Bitget over the last 2 years despite the bear market, their native token BGB might be another 100× token hence I have got my eyes on it and I think you should also look into it. |
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Exchange tokens has been an integral part of cryptocurrency since the launch of BNB in 2017. Currently ranked 4th with a market cap of over $35B ahead of major popular altcoins, one couldn't just overlook the potential of this exchange tokens especially as we prepare ahead of the next bullrun. Well it might interest you to know that BNB was launched for a penny at $0.11 in July 2017 but went ahead to touch $686.31 in May of 2021 but currently trading at $233.07 ATM. In order to position myself properly ahead of the next bullrun so I wouldn't miss out on anything, I am currently DCAing on BTC and other altcoins like KAS, TIA, TAO, XRP, SOL and a couple of others but I still need to add one or two exchange token to my portfolio and that's where the headaches set in. In my little research, I found out that the growth and development of an exchange ecosystem is a big factor that could drive the native token and potentially make it surge but aside Binance, I couldn't really figure out any exchange that has been extraordinary whose native token has the capability to bring the desired ROI in the next bullrun. Do you guys know a few exchange with native tokens and if yes, what has the growth of the exchange been like over the last 18 months? |
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Over the last one decade, cryptocurrency exchanges have played a huge role in making adoption, trading and storing of assets accessible to users. While there have been pockets of challenges, significant successes have also been recorded. Of course, it's normal for an evolving industry to have some shake-ups before getting the records straight but what is important is what the players are doing to ensure stability of the industry. In the course of my crypto journey, I have discovered that the primary things users look out for before choosing an exchange are: trading fees, available trading pairs, user interface, security measures, customer support e.t.c but with the recent realities emerging from the shocking collapse of FTX, the recent closure of Bittrex, Binance saga with SEC and the lawsuit against Kraken, it's important for investors to note that the listed factors above aren't enough in choosing a CEX if the investors want to have peace of mind over there assets. What then must users consider in addition to the above factors. 1. User protection fund: This is a fund set aside to reimburse users for losses or damages resulting from certain activities or transactions. 2. Proof of reserve: proof of reserve has become one of the major yardstick to test the integrity of an exchange. This mechanism is what gives users assurance that an exchange do actually own crypto assets they claim to have in there custody. It's also important for users to check if the wallet address of this PoR is made public. 3. Compliance to regulations: Whether we like it or not, it has become imperative for exchanges to comply with certain regulations. Of course many will claim that crypto is meant to be decentralized. No doubt about that but it's not funny when an exchange just announced bankruptcy overnight leaving investors in shambles, regulations can cub this kind of uncertainty hence it is important to consider this. All this and many more like partnership with world class brands and personalities who wouldn't want their names to be soiled are what to consider when choosing a crypto exchange. The question now is do we have exchanges with all this qualities? Let's discuss. |
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The crypto industry is here to stay and the closure of a cex wouldn't make any difference. Of course, there may be a little shake-up like the FTX scenario and even if the largest crypto trading platform should collapse, we will definitely still move on even though the impact of it would be felt. That been said, it's important moving forward for investors to be mindful of the exchanges they entrust their funds. It's imperative to know that trading fees can no longer sustain an exchange on the long run and exchanges who continually invest in their ecosystem are the ones that will stand the test of time hence the reason I use only Bitget. |
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