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Victoria, Seychelles, April 17th, 2024, Chainwire Bitget, the world’s leading cryptocurrency exchange and Web3 company, has released a report on the growth recorded in the Middle East and North African region s since its launch in November 2023. With over 2.5M users from the region alone, Bitget has now reached 25M users worldwide. Last year, Bitget announced its expansion into the Middle East region with plans to establish its region al hub in the UAE and hire 60 employees as part of its global scaling strategy. In the last six month s, Bitget has grown its MENA trading volumes by over 500% from its initial launch, aiming to bring in more localized solutions for its users . Sam A Spiers, Regional Director for Bitget MENA, states: “Bitget will strengthen its operations in the MENA region , leveraging the region ’s high adoption rates and crypto-friendly landscape. We are exploring blockchain and crypto projects to support home-ground proje...

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. STACKS, the native token of Stacks Network, rose 27% on Dec. 20, fueled by positive comments from renowned investor Tim Draper.  Draper, who has a history of making successful crypto investments, expressed his enthusiasm for Stacks in an interview with CoinBureau.  He believes that Stacks has the potential to reshape the way that smart contracts are deployed and used on the Bitcoin (BTC) blockchain. By default, Bitcoin is a transactional layer and doesn’t support smart contracts. Stacks aim to tap into Bitcoin’s decentralization and security by acting as a layer-2 network from where protocols can quickly deploy smart contracts. By “pegging-in”, it is possible to transfer STACKS between Bitcoin and Stacks without modifying the legacy blockchain. You might also like: Stacks rallies 11% as ...