Two years ago, Gracy Chen joined the digital assets platform as Managing Director. With a decade of experience in business management, marketing, and investment, she now assumes the role of CEO.
Gracy Chen, an experienced entrepreneur with ten years in business management, marketing, and investment, has been named the new CEO of Bitget, a prominent crypto exchange. She replaces Sandra Lou, who is leaving to pursue her personal business endeavors.
Gracy Chen: Journey to CEO of Bitget
Gracy Chen’s journey into the blockchain and cryptocurrency industry began in 2014 during her tenure as a TV host. Engagements with industry experts such as Tim Draper sparked her interest in this emerging field. This curiosity led her to invest in various crypto startups, including Bitkeep, now known as Bitget Wallet, a prominent Web 3 multi-chain wallet in Asia.
In June 2022, Chen assumed the role of Managing Director (MD) at Bitget, focusing on driving growth strategies and expanding the platform globally. Under her leadership, Bitget’s user base grew significantly, driven by strategic partnerships and the establishment of a robust global affiliate network.
Following the decision of the previous President to step down, Chen has been appointed as the new CEO of Bitget. “I am deeply honored to take on the role of CEO at Bitget,” said Chen. “Over the past six years, with a strong foundation and an exceptional team, Bitget has evolved into a leading crypto platform. We are now among the top 5 futures trading platforms and top 10 spot trading platforms globally,” she added.
Beyond her CEO responsibilities, Chen contributes to the media as a Forbes columnist and serves as a judge on the crypto reality TV show “Killer Whales,” where promising Web3 projects are discovered.
Bitget’s Growth and Recent Developments
Over two months ago, Bitget announced a substantial increase in its customer base, reaching over 25 million users. This growth coincided with a notable surge in both spot and futures trading volumes during February. The surge followed Bitget’s 2023 performance report, which showcased a significant expansion in its client base from 8 million to 20 million users and nearly doubled its trading volumes.
In April 2024, Bitget continued to demonstrate impressive growth trends, with trading data for Q1 2024 showing a more than 100% increase compared to the previous quarter. Additionally, Bitget’s native platform token, BGB, experienced a significant rise in value.
Following the Bitcoin halving event, Bitget released its latest proof of reserves (PoR) report for April 2024. The report revealed a Bitcoin reserve ratio exceeding 335%, underscoring Bitget’s robust financial position. It also highlighted substantial growth in user assets held in USDT and ETH since January 2024, further solidifying Bitget’s position in the cryptocurrency exchange market.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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