Bitget Achieves Milestone: Onboards 2.5M Users in MENA Region in Six Months

Bitget, a leading cryptocurrency exchange and Web3 company, reports significant growth in the Middle East and North African regions since its inception in November 2023. Surpassing 2.5 million users solely from the MENA region, Bitget now boasts a global user base of 25 million.

Bitget's MENA Expansion: Fueling Crypto Growth in the Middle East

Bitget's expansion into the Middle East was announced last year, with plans to establish a regional hub in the UAE and recruit 60 employees as part of its global scaling strategy. Over the past six months, Bitget has witnessed a staggering 500% increase in trading volumes in the MENA region since its launch, with a focus on offering localized solutions to its users.

Sam A Spiers, Regional Director for Bitget MENA, emphasizes Bitget's commitment to strengthening its operations in the region, leveraging its high adoption rates and crypto-friendly environment. The company aims to support local blockchain and crypto projects, providing exposure to Middle Eastern founders and products.

Bitget Research Unveils MENA Investors' Optimism and Perception on Bitcoin Halving

In February 2024, Bitget Research published a Bitcoin Halving report, revealing that over 80% of MENA investors perceive the halving to have a significant price impact. Additionally, 88% of respondents anticipated the recent Bitcoin bull run to reach its all-time high value, showcasing higher optimism compared to other regions.

Bitget Expands Services in MENA: Arabic Support, Zero Fees, and Local Currency Transactions

Bitget has prioritized the MENA region by offering Arabic language support on its website and mobile application. Users in the Middle East benefit from zero fees for buying and selling cryptocurrencies through Bitget P2P, ensuring a seamless trading experience. This week, Bitget partnered with OnRamp, enabling users to transact crypto using various local currencies, including AED and other fiat currencies.

Gracy Chen, Managing Director of Bitget, underscores the region's potential for exponential growth in crypto transactions. Bitget is actively exploring license applications to operate in target Middle East markets, prioritizing user security on its WEB3 platform.

Bitget's Global Expansion: Strengthening Presence in Europe and the Middle East

In recent months, Bitget has expanded its global footprint by registering as a VASP in Poland and obtaining similar crypto registration in Lithuania. The company's expansion plan in the Middle East complements its launch in Türkiye, featuring localized services for Turkish users.

Bitget's growth strategy aligns with its commitment to creating a seamless ecosystem of crypto products for users locally. The platform recently launched a Ramadan campaign to engage with users during the holy month, offering 0 fees for buying Bitcoin and Ethereum on spot trading, along with free bank transfers.