Bullish
Bitget Plans to Resume RMB C2C Trading After Three-Year Suspension
15:06
Bitget prepares to relaunch suspended CNY C2C services, hiring key staff to streamline fiat-to-stablecoin flows for US stock investors.
Woofun AI reports that Bitget intends to reinstate its Renminbi-based peer-to-peer trading functions, ending a three-year hiatus. The exchange has recruited specialized personnel at premium compensation levels, ranking this initiative alongside its US equity business as a top annual priority. The objective is to facilitate a unified workflow for investors purchasing US stocks, encompassing account funding, stablecoin acquisition, and investment execution. Xie Jiayin, head of the Chinese-speaking region, previously indicated that a major event is imminent, promising a hassle-free experience.
WOOFUN AI
Impact Assessment · Quick Read
Restarting RMB C2C services signals Bitget's aggressive push into the Chinese-speaking fiat on-ramp market. By linking stablecoin acquisition directly to US stock investments, the exchange may capture significant volume from users seeking seamless cross-asset liquidity. This move could intensify competition among exchanges offering localized fiat gateways, potentially driving up user acquisition costs in the region.
Generated by WOOFUN AI · For reference only, not investment advice
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