Cryptocurrency exchange Bitget has appointed Min Lin, former Binance regional vice president for Latin America, as its Chief Business Officer (CBO) as the platform seeks to accelerate its global expansion.

Bitget Names Ex-Binance Executive Lin as Chief Business Officer

Lin joined Bitget after leading Binance's Latin American operations, where he played a key role in regulatory compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term and strategic growth. Prior to entering the crypto sector, he served as an executive director in Goldman Sachs' Global Markets Division for over five years.

“We are thrilled to welcome Min to our leadership team,” said Gracy Chen, CEO of Bitget. “His impressive track record in scaling cryptocurrency businesses aligns seamlessly with our strategic vision. Min’s insights will be instrumental as we pursue our expansion goals in critical markets. We are dedicated to strengthening our leadership team with top talent, ensuring Bitget remains focused on delivering innovative, user-centric products and services.”

The exchange recently became a sponsor of La Liga, the Spanish football league featuring stars like Lewandowski, Mbappé, and Vinícius Jr. In September, Finance Magnates spoke with the new Chief Legal Officer, Hon Ng, who previously worked at Binance. In the interview, he stated that “Strong compliance doesn’t have to stifle innovation.”

Lin will focus on strengthening Bitget's presence in key regional markets and expanding its product offerings. “I look forward to collaborating with this talented team as we build an ecosystem trusted by millions,” Lin said regarding his appointment.

Bitget Surpassed 45 Million Users

The appointment comes as Bitget, currently ranked as the fourth-largest crypto trading platform by volume, reports substantial growth metrics. The exchange has expanded its user base to 45 million across 150 countries, with particularly strong momentum in Latin America, where it saw a 98% increase in active users this year.

The platform has demonstrated significant growth in 2024, with traffic increasing by 50% and net asset inflows exceeding $700 million in the first half of the year. The exchange's market share grew by 38.4% during this period, leading the industry in growth rate.

In Q3 2024 the platform added 72 new token listings and doubled its staking volume to $2.3 billion. The exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term has also formed strategic partnerships, including becoming the Official Crypto Partner of LALIGA in several regions.