Gracy Chen, a seasoned entrepreneur with a decade of experience in business management, marketing, and investment, has been appointed as the new Chief Executive Officer (CEO) of the crypto exchange Bitget. She will succeed Sandra Lou, who is stepping down to pursue personal business goals.

Gracy Chen Takes the Helm as Bitget's New CEO

Gracy Chen's involvement in the blockchain and cryptocurrency industry began in 2014 during her tenure as a TV host. Interactions with knowledgeable guests like Tim Draper piqued her interest in this emerging field. This interest led to her investing in several crypto startups, including Bitkeep (now Bitget Wallet), a prominent Web 3 multi-chain wallet in Asia.

In June 2022, Gracy Chen joined Bitget as its inaugural Managing Director (MD), taking on the responsibility of leading the platform's growth strategies and global expansion initiatives. During her tenure, Bitget's user base experienced significant growth, attributed to strategic partnerships and developing a comprehensive global affiliate network.

Currently, following the previous President's decision to step down, Chen will take her position. "I'm extremely honored to step into the role of CEO at Bitget," said Chen.

"Over the past six years, with the robust foundation we've built and an incredible team by my side, Bitget has transformed into a leading crypto platform. Bitget has risen to become a top 5 futures trading platform and a top 10 spot trading platform," she added.

In addition to her duties as CEO, she continues to contribute to the media as a columnist for Forbes. She is also a "judge" on the first reality crypto TV show "Killer Whales", where new promising Web3 projects are discovered.

Bitget's Customer Base Reaches 25 Million

Over two months ago, Bitget reported an increase in its customer base to over 25 million, accompanied by a significant surge in both spot and futures trading volumes in February. This growth followed Bitget's announcement of its 2023 performance, which showed an expansion of its client base from 8 million to 20 million and nearly doubling its trading volumes.

The latest trading data released in April confirmed the continuation of this growth trend, with a more than 100% jump in Q1 2024. Additionally, the value of Bitget's native platform token, BGB, increased significantly.

Following the Bitcoin halving event, Bitget issued its most recent proof of reserves (PoR) report for April 2024, showcasing a Bitcoin reserve ratio exceeding 335%. The report also highlighted significant growth in user assets held in USDT and ETH since January 2024.