Bitget and BCG predict that Crypto Exchanges will play a key role in enabling Web3 transformation

This report offers an intensive study of the development environment of crypto exchanges from different lenses, such as a booming derivatives market, the momentum of rapid trading volume growth, regulatory effects and innovative applications. The report also provides a forward-looking view of the final state’s competitive landscape, as well as perspectives on growth paths for crypto exchanges.

The managing director of Bitget comments on the report, Gracie Chen said, “This report shines light on the recent development of the crypto market, with keen insights revolving around crypto exchanges and future paths for winning operations. We continue to witness tremendous enthusiasm from investors despite such market conditions. According to the findings of the report , crypto trading volume still has a lot of room to grow, while LATAM and APAC remain the two most attractive regions for global players to expand into, due to higher market potential and progressive crypto regulations.This is the same view that reflects our development strategy, as these two regions are among those of our primary focus. In the meantime, we will continue to improve our products with creativity and innovation, increasing the use of crypto trading and social trading, with the vision of increasing financial independence for the rest of the world.”

Managing Director and Senior Partner at BCG, Tun Tang said, “Despite the recent market disruption, we believe the market has opportunities for growth going forward. Crypto exchanges play a key role in the Web3 ecosystem by providing access, liquidity and infrastructure. With competition increasing, crypto exchanges must adapt to the dynamic market situation and transform their strategy to beat the competition. In this report, we offer perspectives on the future of Web3 adoption, high-potential emerging markets, and the crypto exchange competitive landscape and future end state. We highlight unique growth opportunities that crypto exchanges can explore: strengthen and scale core offerings; expand to adjacent products and offerings; develop innovative business models; and lead the way in bringing Web3 solutions to traditional industries.”

For more information on the report, see the summary below or view the full report here. (https://bit.ly/3RSBDDC).

About Bitget

Bitget was established in 2018 and is one of the world’s leading cryptocurrency exchanges with a core focus on social trading. Currently serving over two million users in more than 50 countries around the world, Bitget accelerated its mission to advance decentralized finance with a 600-strong workforce representing over 38 nationalities.

About Boston Consulting Group

The Boston Consulting Group works with business and community leaders to address their most important challenges and capture their greatest opportunities. BCG pioneered business strategy when it was founded in 1963. Today, we help clients achieve total transformation—inspiring complex change that enables organizations to grow, build competitive advantage, and impact the bottom line.

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SOURCE Bitget