Crypto Exchange Bitget Appoints Gracy Chen as CEO

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Tanzeel Akhtar

Journalist

Tanzeel Akhtar

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Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk, Bitcoin Magazine and Bitcoin.com.

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May 21, 2024

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Cryptocurrency derivatives trading platform Bitget has appointed Gracy Chen as its new CEO taking over from Sandra Lou, who is moving on to pursue other business goals.

Before being promoted to CEO, Chen held the position of managing director of Bitget, where she oversaw its market expansion, business strategy, and corporate development.

Under her leadership, Bitget’s user base has quadrupled, propelling the exchange to the top five positions among crypto exchanges in terms of crypto derivatives trading volumes.

“I’m extremely honoured to step into the role of CEO at Bitget,” said Chen in an emailed statement to Cryptonews. “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,” she added.

Chen went on to say by consistently innovating in product offerings and creating value for our 25 million users, Bitget has risen to become a top five futures trading platform and a top 10 spot trading platform.

“I’m thrilled to continue to be part of shaping this industry that is on the edge of innovation, empowering the future of digital finance. It’s a privilege to lead such a dynamic group and I can’t wait to steer our global expansion to new heights! ” said Chen.

Commenting on Chen’s promotion Bitget posted, “Gracy is a leading female entrepreneur in crypto, with 10 plus years’ experience in business, marketing and investment. Since joining Bitget as managing director in 2022, she has been leading Bitget’s growth strategies to become the world’s top-5 crypto exchange and Web3 platform.”

Here is my first letter as the new CEO of @bitgetglobal . I want to share some info about Bitget’s focus and plans (as expected by any new CEOs), and tell you more about myself https://t.co/KI6wtS1B56

— Gracy Chen @Bitget (@GracyBitget) May 21, 2024

Bitcoin Price Will Rise, Says Chen

In a recent podcast with Cryptonews,

Chen said there is no doubt we’re in a bull run right now. “I would say 30% to 40% in the bull market.”

Observing Bitcoin’s price action today compared to October 2023, we see that it has approximately doubled, she said. There are two relevant factors to observe here, as the crypto market “is not just crypto itself.”

The first is the halving. This recent, fourth event was a historical moment for the chain, but it’s too early to judge its direct impact. For example, the decrease from the recent all-time high of nearly $74,000 may largely be due to the halving event, said Chen.