For those who are completely new to digital currencies, a cryptocurrency exchange is simply a digital marketplace where users buy and sell different crypto assets. Rather than people having to seek out individual buyers and sellers, crypto exchanges bring traders together on a crypto trading platform that facilitates their trades.To get more news about best crypto exchange, you can visit wikifx.com official website.

A crypto exchange is a platform that allows customers to trade crypto assets for other assets, such as fiat money or other digital currencies. An exchange can be a market maker that takes the bid–ask spreads as a commission or, as a matching platform, simply charges fees.  There are several different types of crypto exchange. These can be loosely categorized as fiat exchanges, crypto exchanges, decentralized exchanges, and futures exchanges.

All exchanges are slightly different, and the question of ‘which is the best crypto exchange?’ is a tricky one because the best exchange for one person, might not be the best exchange for another. Certainly, given the events of 2022, users are also looking for safest crypto exchange - which this article will also investigate. Bitget, established in 2018, is the world's leading cryptocurrency exchange with futures trading and copy trading services as its key features. Serving over 8 million users in more than 100 countries and regions, the exchange is committed to helping users trade smarter by providing a secure, one-stop trading solution.

Bitget describes itself as the "first and largest crypto copy trading platform", connecting beginners with professional traders to create a "hands off, gains up" experience. Followers can review over 80,000 elite traders' detailed portfolios and historical performance metrics such as total profit & loss (PnL), win rate, and assets under management (AUM), before subscribing to a trader's strategy that meets their expectations on returns and risks. By using Bitget spot copy trading or futures copy trading, you can copy elite traders' orders in corresponding markets and mimic whatever trades they make. The copy trading platform has more than 380,000 followers.

In addition, Bitget Insights enables users to share their trading experiences and market analyses with the rest of the community, helping other traders make smarter financial decisions. Since January 2023, over 500 trading experts have shared their crypto market insights on the platform with nearly 10,000 posts generated. Beyond Derivatives According to a Boston Consulting Group report published in July 2022, Bitget is one of the top 3 crypto derivatives exchanges. In terms of 24-hour Open Interest (OI), the top 10 derivatives exchanges' 24-hour OI dropped about 40% in December 2022 from its peak while, in contrast, Bitget is the only exchange that achieved an increase in OI, from about $800 million to $3.74 billion.

Bitget is now a top 5 derivatives trading platform in terms of volume and OI. Bitget’s USDT-margined futures product, compared to Coin-margined futures, is more user-friendly to futures trading beginners and it doesn't require investors to hold corresponding coins before going long or short. Bitget now supports USDT-margined futures, USDC-margined futures, and Coin-margined futures with 120 trading pairs.

Security In 2022, Bitget launched the Bitget Protection Fund to make sure that users' assets are safeguarded. As of November 2022, the fund is valued at approximately US$300 million with 6500 BTC and 200 million USDT, making it the second largest user protection fund among CEXs. The assets are stored in seven wallet addresses that are public for users to track in real-time (see its proof of reserves). Bitget has pledged to secure the value of the fund without any withdrawals for the next three years.