Crypto Exchanges Must Evolve or Risk Stagnation, Says Bitget CEO
Bitget CEO Gracy Chen believes that the era of pure crypto exchanges is coming to an end. In an interview, she stated that platforms must expand into traditional assets and compliance-driven models to remain competitive.
The shift towards 'Universal Exchanges' (UEX) has already begun, with Bitget rebranding itself as a platform offering crypto alongside U.S. equities and other global assets tradable via stablecoins.
Chen expects Bitcoin prices and stablecoin adoption to continue rising, but is cautious about altcoins, predicting that the pure crypto-native altcoin market will not grow significantly.
The move towards compliance-driven models requires trade-offs, as Bitget has exited certain markets due to regulatory complexity. Chen emphasized that compliance is a key priority for the company.