{"id":7013,"date":"2024-12-21T20:55:06","date_gmt":"2024-12-21T19:55:06","guid":{"rendered":"https:\/\/kriptodnevnik.com\/?p=7013"},"modified":"2024-12-21T20:55:06","modified_gmt":"2024-12-21T19:55:06","slug":"interview-with-vugar-usi-zade-driving-innovation-in-web3-and-blockchain","status":"publish","type":"post","link":"https:\/\/sputnet.com.ng\/dnevnik\/2024\/12\/21\/interview-with-vugar-usi-zade-driving-innovation-in-web3-and-blockchain\/","title":{"rendered":"Interview with Vugar Usi Zade: Driving Innovation in Web3 and Blockchain"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.linkedin.com\/in\/usithetalk\/\">Vugar Usi Zade<\/a>, Chief Operating Officer at <a href=\"https:\/\/www.google.com\/url?sa=t&amp;source=web&amp;rct=j&amp;opi=89978449&amp;url=https:\/\/www.bitget.com\/&amp;ved=2ahUKEwjw96vShbmKAxUXhf0HHbXeEuIQFnoECA0QAQ&amp;usg=AOvVaw1n-8KhigWY5bzZyZCrr8He\">Bitget<\/a>, brings over 15 years of experience across Fortune 500 companies and trailblazing startups. With a career spanning leadership roles at Facebook, Coca-Cola, and Twitter, as well as groundbreaking contributions to the Web3 space, Vugar has established himself as a visionary leader in blockchain and technology. A Harvard and Oxford alumnus, he also hosts the acclaimed &#8220;Usi Talk&#8221; podcast, delving into the future of Web3, AI, and blockchain.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"255\" src=\"https:\/\/sputnet.com.ng\/dnevnik\/wp-content\/uploads\/2024\/12\/1684833704582-1024x255.jpg\" alt=\"\" class=\"wp-image-7014\" style=\"width:612px;height:auto\" srcset=\"https:\/\/sputnet.com.ng\/dnevnik\/wp-content\/uploads\/2024\/12\/1684833704582-1024x255.jpg 1024w, https:\/\/sputnet.com.ng\/dnevnik\/wp-content\/uploads\/2024\/12\/1684833704582-300x75.jpg 300w, https:\/\/sputnet.com.ng\/dnevnik\/wp-content\/uploads\/2024\/12\/1684833704582-768x192.jpg 768w, https:\/\/sputnet.com.ng\/dnevnik\/wp-content\/uploads\/2024\/12\/1684833704582.jpg 1387w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">In this interview, Vugar shares insights on Bitget\u2019s growth strategy, the intersection of sports and crypto, and emerging trends shaping the future of the cryptocurrency landscape.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>The current bull run has reignited interest in cryptocurrencies worldwide. How is Bitget leveraging this momentum to attract new users and solidify its position in the market?<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Bitget is effectively leveraging the current bull run by focusing on strategies that attract users and strengthen its market position. Frequent new coin listings keep the platform at the forefront of emerging opportunities, appealing to traders seeking the latest projects. Community engagement initiatives, including educational resources and global event participation, empower users and build trust, enhancing Bitget\u2019s reputation as a user-focused platform. <\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>We have relaunched our activities in the UK, we have launched BitEXC &#8211; a new trading platform in Vietnam. We have also secured a Bitcoin Service Provider (BSP) license from El Salvador&#8217;s Central Reserve Bank. With over 45 million users globally, Bitget has achieved a daily trading volume of $10 billion. It boasts 190,000+ professional traders and 800,000+ copy trading followers, resulting in over 90 million successful trades. <\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Gains from profitable trades have surpassed $500 million, with elite traders sharing profits totaling $23 million. Bitget has also strengthened its security with a Protect Fund exceeding $400 million. The platform supports over 800 tokens and 800+ spot trading pairs, generating a daily spot trading volume of $400 million.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Bitget has recently partnered with LALIGA, the most famous football league in the world. You have also previously collaborated with Lionel Messi himself. In your opinion, do sports and cryptocurrencies have a lot in common?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Sports and cryptocurrencies share significant similarities, and partnerships like Bitget\u2019s collaboration with LALIGA now, as Official Crypto Partner of LALIGA in EASTERN, SEA and LATAM or Lionel Messi previously, highlight those. <\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Let\u2019s start with Global Reach and Audience Engagement: Both industries thrive on engaging massive, diverse audiences across the world. Both are borderless, attracting users from all regions. Innovation and Transformations also characterize both. Cryptocurrencies represent innovation in finance, just as sports, particularly football, have embraced innovation in broadcasting, fan engagement, and digital experiences. Blockchain technology, for instance, is now being used in sports for fan tokens, NFT collectibles, and even ticketing solutions. Both industries are constantly evolving, with technology playing a key role in transforming their landscapes. What also football and crypto enthusiasts have in common is passion for risk and high adrenaline level.&nbsp; <\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>In sports, there&#8217;s uncertainty in competition outcomes, while in cryptocurrencies, market volatility is a constant. This shared acceptance of risk and reward creates a psychological link between the two industries. And just to summarize, our partnerships with LALIGA and and sport industry as a whole, reflects our #MakeItCount philosophy of achieving excellence by persistence and positive passion.<\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>As the new COO, you have a strong background in scaling global businesses. What are your immediate priorities for Bitget, and how will you ensure sustainable growth in this rapidly evolving market?<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><em>I\u2019m not that new, it has already been nearly a year with Biget. My focus is on Web3, blockchain technologies, and private equity.I consider myself fortunate to have personally experienced the strong security, power, and overall excellence of Bitget as a customer before I\u2019ve joined the management team. <\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>With Bitget&#8217;s solid foundation and ambitious vision, my enthusiasm is from the beginning directed toward driving operational excellence and expanding the company&#8217;s strategic reach in this rapidly evolving industry. Bitget has rightfully earned its place as an industry leader through innovative product offerings and a steadfast commitment to users. Leveraging my expertise in business expansion, partnership cultivation, and optimizing global operations, I am committed to continue fortifying Bitget&#8217;s presence across key regions,<\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>With 45 million users across over 60+ countries, Bitget is truly a global platform. What challenges do you foresee in maintaining compliance while expanding into new markets, and how do you plan to address them?<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Bitget\u2019s global presence offers substantial opportunities but it comes with challenges. A key challenge lies in navigating the diverse regulatory landscapes across different countries, each with its own legal framework and cryptocurrency rules. Adhering to these varying and often changing requirements necessitates ongoing collaboration with local authorities and a thorough understanding of regional compliance specifics. Another&nbsp; challenging point is ensuring consistent security and transparency across all markets, safeguarding users\u2019 assets, and maintaining trust regardless of location.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>To address these issues, Bitget prioritizes close cooperation with local regulators and legal experts in every market we operate in. We invest in a robust compliance infrastructure, enforce strict KYC and AML protocols, and continuously update our platform to meet regional standards. Furthermore, we emphasize user education, promoting security best practices and raising awareness to empower our community in protecting their digital assets effectively.<\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>The crypto industry is becoming increasingly competitive, with new players entering the market regularly. How does Bitget differentiate itself from other exchanges, particularly in terms of technology, user experience, and innovation?<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Bitget sets itself apart from other exchanges by offering a robust suite of social trading tools, a strong focus on security, innovative products, and a commitment to user education. One of its standout features is Copy Trading, which enables users to follow and replicate the trades of experienced investors\u2014a valuable tool for beginners and those preferring a guided approach to the market. Bitget also specializes in derivatives trading, particularly perpetual futures contracts, with a variety of leverage options tailored to both novice and advanced traders.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Security and compliance have been central to Bitget\u2019s mission from the start, ensuring a trusted platform for its users. The exchange supports a wide range of cryptocurrencies, from popular assets to emerging tokens, providing broad access to the crypto market. Additionally, Bitget offers unique investment opportunities through staking programs, token launchpads, and early access to blockchain projects, expanding beyond traditional spot and futures trading.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Last but not least, let\u2019s not forget about our native token BGB, which recently hit a few times ATH.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>With competitive trading fees, regular promotions, and cost-saving options, Bitget appeals to active traders seeking efficiency. Incentive programs, including trading competitions and referral bonuses, further enrich the user experience, while the platform&#8217;s frequent updates and feature rollouts ensure it stays aligned with evolving market trends. These elements make Bitget a versatile and community-focused exchange, catering to traders of all experience levels and fostering an engaging trading environment.<\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bitget\u2019s Transparency Report highlights its position among the top derivatives trading platforms. What measures is Bitget taking to further enhance trust and security for its users in an industry that often faces scrutiny?<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Our users are always our top priority, which is why Security and Compliance remain central to everything we do. To ensure the safety of user assets, we established the <\/em><a href=\"https:\/\/www.bitget.com\/asia\/blog\/articles\/bitget-protection-fund-valuation-report-november-2024\"><strong><em>Protection Fund<\/em><\/strong><\/a><em> currently valued at 600 million USD , providing an additional layer of reassurance. Furthermore, our <\/em><a href=\"https:\/\/www.bitget.com\/asia\/support\/articles\/12560603819232\"><strong><em>Proof of Reserves<\/em><\/strong><\/a><a href=\"https:\/\/www.bitget.com\/asia\/support\/articles\/12560603819232\"><em> <\/em><\/a><em>highlights our dedication to transparency and asset security, maintaining a reserve ratio of at least 1:1 to guarantee full backing of users&#8217; holdings. Bitget\u2019s reserve ratio is updated on a monthly basis and is currently 1.3 times the total users\u2019 assets.<\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Regulatory frameworks around cryptocurrencies vary significantly across regions. How is Bitget navigating these challenges, and what role does your experience in global operations play in shaping the company\u2019s strategy?<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Navigating the diverse and evolving regulatory frameworks around cryptocurrencies requires a proactive and adaptable approach, and Bitget\u2019s experience in global operations plays a pivotal role in shaping its strategy. <\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>By maintaining active engagement with regulators across regions, we ensure compliance with local policies while remaining agile enough to adapt to new requirements. This enables us to operate responsibly and sustainably in a complex regulatory environment. Right now we are in the advanced stage of plans to finalize the decision to establish a European hub in Lithuania in the coming months, aligning with the timeline for MiCA license application submission. We relaunched our services in UK.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>By combining compliance foresight with a user-centric and security-first approach, Bitget continues to navigate regulatory complexities while positioning itself as a trusted leader in the global cryptocurrency ecosystem<\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Looking ahead, what trends do you anticipate will define the cryptocurrency landscape in the next few years, and how is Bitget positioning itself to lead in this new era?<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Regulatory frameworks are expected to become more defined as governments globally recognize the need for clear guidelines around cryptocurrency usage. This shift will likely enhance market accessibility and safety for both institutional and retail investors. Additionally, the adoption of scaling solutions will improve the accessibility and efficiency of decentralized applications, driving broader usage and adoption.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>With the countdown to the last month of 2024, Ethereum L2 TVL hit a historic high of $51 billion. This milestone event and the US regulatory framework for DeFi and cryptocurrency are becoming clear. With the strengthening of ETH prices, it will help strengthen users&#8217; confidence in the Ethereum ecosystem and promote users to shift their focus from the Solana public chain to the core targets of the Ethereum ecosystem. In the past month, counterfeit products may have good speculation opportunities. In addition, the MEME sector is still the focus of wealth effect and market attention.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em><strong>2025 Crypto Market Outlook<\/strong><\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>1. BTC price continues to rise: US tariffs, quantitative easing, and the crypto-friendly policies mentioned by Trump will further push up BTC prices;<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>2.AI Further development: From the advent of ChatGPT to now, AI has empowered various fields. At present, top players are paying attention to and supporting the research and development of AI. 2025 is also a year worth looking forward to in the AI sector. At the same time, this narrative is also due to high market attention. The related concept MEME also has extensive speculation value and good wealth opportunities.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>3. Further development of PayFi: With the popularity of cryptocurrency, many companies holding compliance licenses have also begun to expand their crypto businesses. Payment and settlement scenarios based on blockchain technology have the opportunity to achieve further development in 2025.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>4.MEME plate continues to be hot: from the current market trading volume market share point of view, the development trend of DEX is obvious, the development is mainly affected by the MEME plate, the market is still chasing the wealth effect, MEME as the most wealth effect of this round of the plate, 2025 The development is still worth paying attention to and looking forward to;<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>As the industry evolves, our focus remains on fostering innovation, expanding into emerging trends and markets, and delivering the best possible experience to our users. This approach ensures we stay ahead in a rapidly transforming landscape.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vugar Usi Zade, Chief Operating Officer at Bitget, brings over 15 years of experience across Fortune 500 companies and trailblazing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7021,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[89],"tags":[679,86,737],"class_list":["post-7013","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interviews","tag-bitget","tag-blockchain","tag-vugar"],"_links":{"self":[{"href":"https:\/\/sputnet.com.ng\/dnevnik\/wp-json\/wp\/v2\/posts\/7013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sputnet.com.ng\/dnevnik\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sputnet.com.ng\/dnevnik\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sputnet.com.ng\/dnevnik\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sputnet.com.ng\/dnevnik\/wp-json\/wp\/v2\/comments?post=7013"}],"version-history":[{"count":0,"href":"https:\/\/sputnet.com.ng\/dnevnik\/wp-json\/wp\/v2\/posts\/7013\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sputnet.com.ng\/dnevnik\/wp-json\/wp\/v2\/media\/7021"}],"wp:attachment":[{"href":"https:\/\/sputnet.com.ng\/dnevnik\/wp-json\/wp\/v2\/media?parent=7013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sputnet.com.ng\/dnevnik\/wp-json\/wp\/v2\/categories?post=7013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sputnet.com.ng\/dnevnik\/wp-json\/wp\/v2\/tags?post=7013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}