Cryptocurrencies are a dynamically changing market, which also applies to companies operating directly within it. Bitget, one of the popular digital asset exchanges, has decided to rebrand, aiming to reflect better the pace of ongoing changes, including those in its offerings. Therefore, it has unveiled a new logo and vision for further development, built around the 'Trade smarter' slogan.

According to the press release viewed by Finance Magnates, this is supposed to reflect Bitget's commitment to providing users with "intuitive, secure, and efficient tools for a more manageable financial future."

Bitget Announces Rebranding, Presents New Logo

The upcoming tools from Bitget, powered by artificial intelligence, alongside copy trading features, have resulted in the need to change the company's existing vision. Due to the new offerings, the company aims to cause a paradigm shift in the sector, crafting a mutually beneficial environment for diverse categories of traders.

Bitget also plans a transformation of its visual identity to simplify and streamline the trading process. The reimagined aesthetic will adopt a 'subtractive' method, which will first affect the 'tails' in the platform's arrow logo. This visual simplification is intended to guide users in finding a trading path that aligns with their financial aspirations. Bitget's mobile and desktop interfaces are set to undergo a complete redesign within the next six months.

"Bitget's 5-year journey has been a testament to our continuous technological transformation, and I am proud of the progress the platform has achieved since 2018," Gracy Chen, the Managing Director of Bitget, commented on the rebranding.

The company's recent moves form part of its 'Trade smarter' ethos. Bitget tries to maintain high transparency and user security standards by publishing monthly audits of the status of its reserves, with the 'Proof of Reserves' reaching 223% in July. Furthermore, the User Protection Fund has surpassed $300 million in stored value.

👀 pic.twitter.com/jKlBdZ5g1G

— Bitget (@bitgetglobal) July 24, 2023

The platform has recently celebrated reaching the 20 million users milestone, having integrated with Bitget Wallet (formerly Bitkeep). Since its inception in 2018, Bitget has welcomed over 110,000 strategy-sharing traders. The introduction of copy trading has significantly attracted 29,700 new traders, leading to profits north of $74 million.

"Today, as we unveil our new brand identity, vision and visuals, we reaffirm our dedication to shaping a smarter digital future," Chen added.

Bitget Joins Dubai Crypto Push

The Middle East is openly voicing its ambition to become a prominent cryptocurrency hub, spearheaded by crypto-friendly nations like the United Arab Emirates (UAE) and Bahrain. This growing interest has led to an influx of exchanges entering the local market, with Bitget being the latest addition.

Bitget has taken the initiative to commence its operations in the heart of Dubai, where it has recruited 60 new employees to fill various mid and back-office positions.

It is worth noting that Bitget is not alone in its decision to establish a physical presence and launch operations in the UAE. Just a month ago, another cryptocurrency exchange, Bybit, disclosed its acquisition of local licenses in Dubai for operating in digital assets. Prior to that, Bybit had already relocated its global headquarters to this dynamic emirate.