Bitget Becomes Most Popular Crypto Exchange in Latin America
The introduction of lawsuits against Coinbase and Binance has had a profound impact on Latin American users shown by their greatly reduced interest in these cryptocurrency exchanges.
Moreover, users of Binance have taken the precaution of withdrawing their funds due to their worry that the US Securities and Exchange Commission (SEC) might suspend its services.
Consequently, the summer has marked an increase in the preferability of Bitget; in Brazil, its user base raised by 54%, the deposit volumes rose 208%, and on average in the region, this number increased by 43% since June.
Additionally, Argentina, Colombia, Venezuela and Mexico all witnessed a 33% growth in crypto exchange users.
Although the global quantity of individuals who utilize the services of Bitget exceeds 8 million, the company has not yet made public the number of Latin American users it has.
