At Blockchain Life Week 2024, Vugar Usi Zade, the Chief Operating Officer of Bitget, took part in a panel discussion alongside prominent figures from leading crypto exchanges.
The panel, titled “Conductors in the World of Cryptocurrencies: What Top Exchanges Think About 2024,” delved into the future of the crypto industry, exploring anticipated developments and strategic directions.
Usi Zade emphasized the paramount importance of prioritizing user experiences and privacy, drawing parallels to past data scandals like the Facebook and Cambridge Analytica debacle. He advocated for collaboration between industry leaders and regulators to ensure user protection while fostering innovation.
“We aim to align legislation with blockchain growth, fostering collaboration between centralized exchanges and lawmakers to educate them on blockchain mechanics and the benefits of regulatory measures for users,” Usi Zade affirmed.
In addition to discussing regulatory matters, Usi Zade shed light on Bitget’s efforts to integrate blockchain technology into diverse sectors such as the gig economy and energy. He highlighted initiatives supporting NFT projects and sustainable energy practices as areas of focus.
Usi Zade stressed Bitget’s commitment to nurturing talent within the blockchain space, expressing a dedication to investing in entrepreneurial innovation. He underscored the importance of empowering new talent to drive industry growth.
Ensuring user security remains a top priority for Bitget, with Usi Zade highlighting the platform’s robust financial safeguards, including a 200% proof of reserve and a sizable Protection Fund. This fund acts as insurance against potential breaches, offering an extra layer of security for users.
Usi Zade also discussed Bitget’s role in simplifying access to the crypto market, citing user-friendly services like social logins and extensive customer support.
Concluding his remarks, Usi Zade addressed regulatory challenges and the evolving landscape of decentralized exchanges. He speculated on the potential for centralized exchanges to adapt to changing regulations and play intermediary roles in large B2B transactions.
The panel discussion provided valuable insights into the future of the crypto industry, reaffirming Bitget’s position as a leader poised to shape its trajectory.
About Bitget
Founded in 2018, Bitget stands as the foremost cryptocurrency exchange globally, distinguished by its Copy Trading services among other key offerings. With a user base exceeding 8 million spread across over 100 countries and regions, Bitget is dedicated to empowering users to trade more intelligently by furnishing a secure, comprehensive trading platform. Through strategic partnerships with reputable entities such as legendary Argentinian footballer Lionel Messi and premier eSports events organizer PGL, Bitget encourages individuals worldwide to embrace the crypto realm.
