So, as CoinGecko tells us, Bitget must be the hot spot for altcoin liquidity. Great. Another exchange claiming to be the best. Let's cut through the hype. While Binance might be king of Bitcoin, Bitget's waving its altcoin flag, particularly in that sweet spot of 0.3-0.5% price deviation. In theory, this translates to narrower spreads and decreased slippage. Sounds good, right? Who really benefits? Will all of this actually make a difference for the average Nigerian? Or is it simply another casino for whales and quant funds?

Liquidity for All, Or Just Some?

Gracy Chen, Bitget’s CEO, attributes it to institutional motivation and futures activity. Quant funds are the engine. Picture this, if you will, how many people in emerging markets even know what a quant fund really is. Even more important, how many can get their hands on one. We’re describing a reality where just the basics of financial literacy are rarely accessible.

Perhaps it’s too easy to give ourselves a back pat on better liquidity. It’s even more difficult to construct the infrastructure that gets all of the everyday people involved and engaged. Think about it: reliable internet access, affordable smartphones, and, crucially, education about the risks involved. As the old adage goes, a little knowledge is a dangerous thing — especially in the dangerously volatile world of altcoins. Are we preparing folks to be empowered actors in our democracy, or merely taking a chance on a roll of the dice they can’t afford to lose? The wonder of democratising access is replaced by the fear of its hazards.

Let's be brutally honest: the current system often preys on those with limited financial understanding. Perhaps it’s because people are so easily carried away by the excitement and allure of easy money. This is particularly necessary when traditional financial systems have failed them. Bitget’s partnership deals with LALIGA and Turkish athletes seem good on the surface. Do they really result in better financial empowerment for the unbanked in developing countries?

The South African Crypto Paradox

Take South Africa, for instance, where 13 percent of the population owns crypto. Yet it is a country struggling with explosive inequality, a plummeting currency and a legacy of financial exclusion. The federal government has not done a great job in controlling or defining how crypto should be regulated. That’s the positive. But regulation can be a double-edged sword. Too lax, and you create an unsafe environment. But too strict, and you make it impossible for people to participate without risking fraud or manipulation.

  • Challenge 1: Limited Access to Technology and Internet
  • Challenge 2: Low Financial Literacy and Understanding of Risk
  • Challenge 3: Unclear or Restrictive Regulatory Frameworks

The important thing is to strike the right balance – protecting consumers where appropriate while not choking off innovation. Rather than remaining on the sidelines, Bitget should proactively engage in creating these regulations. By collaborating with the federal government and contributing their experience, they can help develop a sound framework that serves everyone’s interests.

Profits vs. People: Can We Have Both?

In CoinGecko’s latest report, Bitget was ranked as the leading exchange for derivatives trading based on order book thickness and slippage tolerance. All great technical metrics, but what about how we measure the social impact? How do we put a number on lives saved, of families moved out of poverty, of children ushered into success?

This isn’t merely good business — this is about doing what’s right. Bitget, and other exchanges of its kind, have a moral responsibility to put guardrails in place to make sure their platforms aren’t used for evil. That requires investing in tailored education, ensuring access to navigational and technical resources, and fighting scams and fraud more intentionally. It means putting people before profits, including doing what’s best in the long term, even if you lose some development dollars in the short term. It’s more than a marketing gimmick, it’s about signaling values, about demonstrating to the world that you are not just another fly-by-night exchange.

Bitget’s marketing can’t just tell, it has to demonstrate, that it’s serious about empowering emerging markets. It has to go further than press releases and promotional partnerships. It must do more to listen and respond directly to communities to build a more equitable financial future. Otherwise, it’s just another crypto exchange, cashing in on a system that still fails to meet the needs of too many. The rage of the invisible, the neglected, the forgotten — that’s what should keep leaders awake at night.