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- Bitget has surged to the highest 5 in Google Play app rankings in Nigeria.
- Bitget ascends to this rating simply because the OKX trade exits the Nigerian market.
- The trade’s strategic growth positioned it favorably amid regulatory challenges confronted by different exchanges.
In a exceptional flip of occasions, Bitget has emerged as a top-ranking finance-based cell software within the Nigerian market. In response to the most recent knowledge from the Google Play app retailer’s high free apps chart, Bitget has secured a spot among the many high 5. It surpassed its high opponents, together with exchanges Binance, KuCoin, and Bybit.
Bitget ascends to this rating simply because the OKX trade exits the Nigerian market, making a void within the extremely aggressive crypto buying and selling panorama. OKX introduced ceasing operations in Nigeria this week amid up to date regulatory necessities from the Nigerian authorities. A number of different exchanges that originally help Nigerians are equally grappling with the brand new regulatory regime.
As an example, Binance discontinued all providers associated to the Nigerian Naira in March, together with P2P buying and selling, whereas two of its executives are in detention within the nation. Equally, KuCoin has launched a 7.5% transaction charge tax for its Nigerian customers to assist them navigate the brand new regulatory regime. Different exchanges like Coinbase have discontinued their providers for Nigerians.
In distinction, Bitget has skilled fast adoption and optimistic reception within the nation. Bitget CEO Gracy Chen believes blockchain presents a novel alternative for Africa to get forward of conventional financial growth phases and embrace the digital financial system.
“We at Bitget are dedicated to offering Web3 and crypto providers to African customers inside the bounds of regulatory tips,” Gracy acknowledged.
Bitget believes its dedication to the African market, strategic growth, and adherence to native regulatory frameworks have positioned it favorably. As OKX exits the market, Bitget is capitalizing on the chance to cater to a rising variety of crypto fans in Nigeria, which is mirrored in its spectacular climb up the app retailer rankings.
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