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On the Bitget cryptocurrency exchange, the number of new public records in Latin America has grown sharply after calling the regulatory authorities of the Proceeding States against the main competitors Binance and Coinbase.
Paired with average indicators, the number of new coristuvachs in the region increased by 43% from 6 to 9 roubles, moreover, Brazil and Argentina were in the lead in the growth part of the market, having introduced Cointelegraph representative Bitget.
Following the exchange data, the number of new customers in Brazil grew by 54%, and the total number of deposits grew by 208%. In Argentina, the customer base grew by 33%, and the deposits on deposits grew by 87%. Cryptocurrency exchange also operates in Venezuela, Colombia and Mexico. For the rest of the day, Bitget deposits grew by 134% in the region.
Bitget has over 8 million customers in 100 countries. The company does not reveal the total number of koristuvachs in Latin America.
These figures are explained by the rest of the trades in the USA.5 The Commission on the US securities and exchanges filed a lawsuit against the Binance cryptocurrency exchange for 13 charges, including the immovable sales and the proposition of the securities, the impossibility of registering as an exchange as a broker that zmіshuvannya koshtіv.
In line with DefiLlama’s tribute, Binance’s net data for the rest of the day has risen to $3.128 billion at the time of writing, while Bitget’s deposits have increased by $14.8 million. The largest deposit was recorded by the OKX cryptocurrency exchange, which took 603 million dollars of deposits over the past week.
“The crypto-currency industry is still new and has seen great growth in the rest of the world. [..] A favorable policy is being implemented in such places as Hong Kong, Dubai, Singapore, and new opportunities are emerging. Now, we’ve changed everything, it’s all in control, and the cloud is consolidating among the strongest in today’s economy,” Gracie Chen, chief executive of Bitget, told Cointelegraph.
In addition, under the auspices of the US regulators, Coinbase filed a lawsuit of 6 chern for nibit proposition of unregistered valuable papers and work as a non-registered security broker in 2019. The head of the SEC, Gary Gensler, called the crypto-currency exchange in that it helps clients to protect critical interests, to avoid fraud and manipulation, as well as the lack of reliable guarantees against a conflict of interest. Over the remaining 24 years, Coinbase’s trading volume has changed by 113.06% to $1.5 billion.
Previously, Binance ranked Brazil among its top light markets, and its international partner recently revoked its payment provider license in the country. Coinbase is also expanding its local operations. We cooperate with local payment providers in order to promote purchases in cryptocurrencies, as well as to deposit and withdraw coins in local currencies.