See Bitget’s August report for updates, collaborations, and new products, focusing on Blockchain4Youth Builders and KYC changes.
The well-known copy-trading cryptocurrency exchange Bitget has now published its August report, which outlines its monthly initiatives as well as upgrades, collaborations, and new products.
The Blockchain4Youth Builders initiative and the revised KYC criteria are taking center stage.
Bitget: The cryptocurrency exchange discusses KYC requirements and Blockchain4Youth Builders
In its August status report, the well-known cryptocurrency exchange Bitget wanted to discuss its projects, upgrades, collaborations, and new products.
Taking center stage, Bitget discusses the introduction of the Builders Program and its “Blockchain4Youth” project.
In essence, Bitget announced the start of Blockchain4Youth back in May. This new corporate social responsibility (CSR) project intends to build a future based on blockchains and encourage young people to utilize Web3 and crypto tools.
With the introduction of the Builders Program, it is a social and educational endeavor that has clearly defined the environment. The main objective of Bitget’s initiative is to find and develop more than 100 young, talented individuals in the fields of blockchain, Web3, and cryptocurrency.
The objective is to give these young people not only in-depth information but also beneficial practical experience in the field.
The revised obligatory Know Your Customer (KYC) rules are a second highlight of this August 2023 crypto-exchange.
Indeed, the new KYC verification standards, which were announced in late August and implemented in September, help to improve the user identification process and create a more secure trading environment.
In particular, all new users will be required to complete KYC verification as soon as they register, and current customers will have until September 30 to comply.
Bitget: the cryptocurrency marketplace for projects, updates, alliances, and new goods July 2023
The King’s Cup Global Invitational (KCGI) 2023 is one of the events mentioned by Bitget in the report as part of its five-year celebration. A chance to win a helicopter is also available in this premier trading competition, which has a substantial prize pool surpassing 2.65 million USDT.
Additionally, the cryptocurrency exchange, which is also well-known for duplicate trading, listed its many collaborations in August. One involves a collaboration with CoinStats, a market leader in cryptocurrency wallet monitoring, which is providing Bitget members with help for completely viewing their wallets in exchange for a 20% discount.
CCData, a provider of institutional-grade digital asset data, is involved in another strategic alliance.
Institutional investors can improve the effectiveness and accuracy of their trading methods by using real-time and historical market data from reliable sources like LSEG Data.
Additionally, Bitget has increased the number of cryptocurrencies it supports by adding 25 additional coins, such as AZIT, TROSS, GRIMACE, and KAT, which have been included in the lists of liquidity providers (LPs).
The rebranding of Bitget under the “Trade smarter” ethos, stressing innovation and user empowerment through intuitive tools, is another noteworthy development.
Staking ETH with Bitget Wallet
One of the most recent advancements is the addition of Ethereum (ETH) staking by Bitget Wallet (formerly BitKeep), which offers returns of up to 10% during subsidy periods.
This feature, which makes use of the Lido.fi protocol, stands out for its user-friendly UI, no minimum deposit requirement for ETH, and earnings that are expressed in ETH rather than USDT.
Users of Bitget Wallet will be able to actively contribute to the security and decentralization of the Ethereum network through ETH staking and benefit from lucrative rewards.
