Bitget cryptocurrency exchange and Web3 company, has launched a trading platform “BitEXC” tailored for the Vietnamese market.
The platform was officially launched today and its a strategic expansion into Southeast Asia since the area has been adopting crypto recently.
Initially, BitEXC supported peer-to-peer (P2P) trading, allowing users to buy and sell directly with others. Transactions are supported through popular local payment platforms like ViettelPay, Momo, and ZaloPay.
Additional trading options, including spot trading, futures trading, and features like copy-trading, trading bots, and an earn program, all set to launch within three months.
Gracy Chen, CEO of Bitget and BitEXC said “Vietnam has shown tremendous potential in crypto, but the market still needs platforms that truly understand and cater to its unique audience.”
Vietnam is currently the second-highest ranked country globally for cryptocurrency ownership, with 21.2% of its population holding digital assets. Recognizing this, BitEXC has been designed to meet the preferences of Vietnamese users and comply with local regulations.
Furthermore, the platform also plans to engage with the Vietnamese crypto community through AMA sessions, webinars, and educational campaigns.
Also, the platform is protected by the Bitget Protection Fund, a $300 million reserve in Bitcoin and Ether, designed to protect customer assets against system risks.
Meanwhile, the Vietnamese government has maintained a supportive stance towards the development of blockchain. The Ministry of Information and Communications announced a national strategy for blockchain in October 2024 to ensure legalisation of digital assets.
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