Bitget Names Gracy Chen as CEO, Focusing on Compliance and Women in Crypto
Summary:
Gracy Chen takes over as CEO of cryptocurrency exchange and Web3 company, Bitget, in a male-dominated industry. She revealed plans to focus on compliance, long-term growth in emerging markets, and supporting women-focused initiatives. Chen already initiated the $10 million project #Blockchain4Her to empower women in blockchain. Chen's previous efforts aimed at expanding the user base and enhancing user security and compliance. Now, she aims to amplify Bitget's international presence and develop more services to support the integration of their Visa-backed crypto credit card, the "Bitget Card." Chen further emphasized the need to educate younger generations early about Web3 to fully benefit from it.
Despite the prevalence of men in leadership roles within the cryptocurrency sector, Bitget, a cryptocurrency exchange and Web3 company, has shaken up the status quo with the appointment of Gracy Chen as CEO on May 21. Chen, who possesses a wealth of leadership experience within and beyond the realm of Web3, takes over the reins from Sandra Lou. Speaking to Cointelegraph, Chen expressed her thoughts on being the sole female CEO in a top cryptocurrency exchange and the diverse insights she brings to her job. Bitget, which caters to a user base of 25 million, is a market leader within the cryptocurrency scene, consistently ranking in the top ten spot trading platforms and top five in futures trading. Having a foothold in over 100 countries, Chen becomes a force to reckon with in the traditionally male-dominated industry. For Chen, this unique position is genuinely a privilege that allows her to bring a more comprehensive perspective to the company. She believes that female business leaders have the ability to implement a highly collaborative approach to work, a quality that is essential in cryptocurrency. As she steps into her new role, compliance within the numerous regions where Bitget operates, fostering long-term growth in emerging markets, and backing initiatives focused on women such as mentorship programs and networking events that empower women and the youth in the cryptocurrency industry will be among her key focus areas. She has already initiated diversity and inclusion-centered projects, exemplified by the $10 million project #Blockchain4Her. This initiative is aimed at uplifting and empowering women through education as well as providing mentorship in blockchain. She reveals that women hold over 50% of managerial positions in Bitget, proving the potential for growth in companies led by women. Chen announced plans to initiate a new program focused on supporting women entrepreneurs, enabling them to expose their innovative ideas and secure potential investments. Three outstanding women are already part of the B4H Ambassador Program. Chen also shared that her previous efforts centered around expanding the exchange's user base and enhancing user experience, with her next step being to establish a robust international presence. Security and compliance also proved crucial and some of the areas where substantial work has been conducted. According to Chen, Bitget recently acquired licenses in Poland and Lithuania and is currently in discussions with other regions to replicate similar feats. Bitget rolled out its "Bitget Card," a Visa-backed crypto credit card in late 2023, and Chen plans to develop more services to buttress this integration. Over time, an array of initiatives has been rolled out in the blockchain and cryptocurrency industry to equip new users with the skills they need to triumph in a world dominated by technology. Chen maintained that the younger generations should be taught the value of Web3 early on to benefit from it fully and become leaders in the movement. Gen Z and Millennials now form almost 94% of all crypto purchasers, according to information from Stilt. Chen affirms that continuous learning and adaptability are both significant assets in the fast-paced and rapidly evolving cryptocurrency sector, especially for female leaders.
Published At
5/27/2024 3:26:56 PM
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