• Bitget has rocketed into the highest 5 within the Google Play app rankings in Nigeria.
• Bitget rose to this rating concurrently OKX change withdrew from the Nigerian market.
• The change's strategic growth has positioned it properly amid the regulatory challenges dealing with different exchanges.

In a shocking improvement, Bitget has emerged because the main finance-based cellular software within the Nigerian market. In line with the newest knowledge from the Google Play app retailer’s prime free apps charts, Bitget has made it into the highest 5, beating out prime rivals reminiscent of exchanges Binance, KuCoin and Bybit.

Bitget's rise to the rating comes simply as OKX change has withdrawn from the Nigerian market, leaving a void within the aggressive world of crypto buying and selling. OKX introduced this week that it might stop operations in Nigeria following up to date regulatory necessities by the Nigerian authorities. A number of different exchanges that originally supported Nigerians are equally grappling with the brand new regulatory regime.

For instance, Binance suspended all companies associated to the Nigerian naira, together with P2P buying and selling, in March whereas two of its executives are in custody in Nigeria. Equally, KuCoin launched a 7.5% buying and selling charge tax to assist Nigerian customers perceive the brand new regulatory regime. Different exchanges, reminiscent of Coinbase, have discontinued companies for Nigerians.

In distinction, Bitget has seen fast adoption and constructive reception within the nation. Bitget CEO Gracy Chen believes blockchain gives a singular alternative for Africa to maneuver past the normal phases of financial improvement and embrace the digital financial system.

“Bitget is dedicated to offering Web3 and cryptocurrency companies to customers in Africa inside regulatory tips,” Gracie stated.

Bitget believes that its dedication to the African market, strategic growth and compliance with native regulatory frameworks place it properly. With OKX exiting the market, Bitget is capitalizing on the chance to cater to the wants of Nigeria’s rising cryptocurrency fanatics, which is mirrored in its fast rise in app retailer rankings.