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Crypto Exchange Bitget Appoints Gracy Chen as CEO

Bitget, a platform for trading cryptocurrency derivatives, has announced the appointment of Gracy Chen as its new CEO, succeeding Sandra Lou, who is transitioning to pursue other ventures.

Chen, formerly the managing director of Bitget, has played a pivotal role in the platform’s growth, overseeing market expansion, business strategy, and corporate development. During her tenure, Bitget’s user base has surged fourfold, propelling it to a prominent position among cryptocurrency exchanges, ranking in the top five for crypto derivatives trading volumes.

Expressing her gratitude, Chen stated, “I am deeply honored to assume the role of CEO at Bitget. Over the past six years, with a solid foundation and an exceptional team, Bitget has evolved into a premier cryptocurrency platform.”

Chen further highlighted that through continuous innovation in product offerings and by delivering value to its 25 million users, Bitget has risen to prominence as a top five futures trading platform and a top 10 spot trading platform.

“I’m thrilled to continue contributing to shaping an industry at the forefront of innovation, empowering the future of digital finance. Leading such a dynamic team is a privilege, and I’m excited to guide our global expansion to new horizons!” exclaimed Chen.

In response to Chen’s promotion, Bitget remarked, “Gracy is a prominent female entrepreneur in the crypto space, boasting over a decade of experience in business, marketing, and investment. Since joining Bitget as managing director in 2022, she has spearheaded Bitget’s growth strategies, propelling it to become one of the world’s top five crypto exchanges and Web3 platforms.”

Bitcoin Price Will Rise, Says Chen

During a recent podcast, Chen expressed her conviction that the current market trend is undoubtedly bullish. “I would say we’re about 30% to 40% into the bull market,” she remarked.

Reflecting on Bitcoin’s price trajectory from October 2023 to the present, Chen noted a doubling in its value. However, she emphasized that understanding the crypto market entails considering more than just the cryptocurrencies themselves.

One crucial factor is the halving event. Chen highlighted the significance of the recent fourth halving, describing it as a historic milestone for the blockchain. Yet, she cautioned that it’s still premature to fully assess its direct consequences. For instance, Chen suggested that the decline from the recent all-time high of nearly $74,000 could be largely attributed to the halving event.

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I want to save money. Will cryptocurrency work?

Cryptocurrency is essentially virtual money that operates in a decentralized manner, not through a bank but directly on multiple independent computers.

Every cryptocurrency has two main components: the units of digital exchange called “coins” and the network within which the exchange takes place. These units can be transferred between wallets and exchanged on exchanges. The networks in which these coins exist are called blockchains, which translates to “chains of blocks.”

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