This article investigates whether Bitget exchange is safe and introduces Bitget's founder. It explores the challenges faced during the establishment of Bitget exchange and how the founder leveraged his network and management skills to attract two financial experts as CEO and Managing Director to build the platform.
Key Takeaways:
- Bitget was founded in 2018 and is headquartered in Singapore.
- It ranks #18 globally in CoinMarketCap’s spot exchange ratings, with 8M+ users.
- Holds regulatory licenses from the U.S., Canada, Australia, and Singapore.
- Features include copy trading and partnerships with sports icons like Lionel Messi.
Bitget Founder: Henri Chen
Henri Chen, Bitget’s founder, is a Singaporean finance and engineering graduate from the University of Melbourne. He previously worked at top financial institutions like JPMorgan and Royal Bank of Scotland, managing assets worth $26B.
From Silicon Valley to Singapore: Building a Financial Dream Team
Henri assembled a team of finance and tech experts in 2018 to create Bitget, emphasizing that "crypto exchanges shouldn’t be casinos built by engineers." Within five months, Bitget launched its public beta, attracting 100K+ users in six hours.
Bitget’s Leadership: Financial Experts at the Helm
1. Managing Director: Gracy Chen
- MBA from MIT, former executive at XRSPACE (a metaverse company).
- Spearheaded Bitget’s marketing, including Messi’s brand ambassadorship and esports sponsorships.
2. CEO: Sandra Lou
- A 10+ year finance veteran, ex-VP at a Chinese listed financial firm.
- Expanded Bitget’s Asian market presence, now operating in 100+ countries.
Bitget’s Safety Measures
1. $200M Protection Fund
- Fully transparent, multi-wallet reserves (6,500 BTC, 120M USDT).
- Covers user assets in case of hacks or platform failures.
2. Regulatory Compliance
- Licensed by U.S. FinCEN (MSB), Canada FINTRAC, and Australia’s DCE.
- Applying for Hong Kong’s virtual asset trading license.
3. Proof of Reserves
- 244% reserve ratio, verified via Merkle Tree audits.
Bitget’s Growth in a Bear Market
Despite the 2022 crypto winter, Bitget’s user base grew 4x to 8M. Key strategies:
- Marketing: Messi partnerships and esports collaborations (e.g., Team Spirit).
- Community Trust: Charitable initiatives like fundraising for STEM education.
FAQ Section
1. Is Bitget regulated?
Yes, Bitget holds licenses in the U.S., Canada, Australia, and Singapore.
2. How does Bitget protect user funds?
Via a $200M protection fund and 244% reserve ratio backed by Merkle Tree proofs.
3. Who owns Bitget?
Founded by Henri Chen, with leadership under Gracy Chen (Managing Director) and Sandra Lou (CEO).
4. Does Bitget support copy trading?
Yes, Bitget specializes in social copy trading for beginners.
5. What’s Bitget’s global rank?
18 on CoinMarketCap’s spot exchange rankings (as of 2023).
Final Thoughts
Bitget’s financial expertise, regulatory compliance, and user-focused safeguards position it as a reliable exchange. Its rapid growth—even during bear markets—reflects strong leadership and innovation.
👉 Explore Bitget’s transparent reserves here
👉 Join Bitget’s copy trading community
Note: Cryptocurrency investments carry high risk. Research thoroughly before participating.