On August 20, 2024, we hosted a Twitter Space event titled "BiFinance: Bridging the Future of Finance by Integrating Traditional Assets with the Web3 Ecosystem."
About BiFinance:
BiFinance is a leading global digital asset trading platform committed to integrating traditional financial assets with the Web3 ecosystem through cutting-edge blockchain technology. Since its inception, BiFinance has been driving innovation in financial technology, offering users a comprehensive suite of Web3 services, including trading, staking, and payment solutions. With a core mission to bridge traditional finance and digital assets, BiFinance is actively building a forward-looking digital financial ecosystem designed for the future.
BiFinance has completed a $10 million Series A funding round, reaching a $100 million valuation. Led by Sunfund Fortuna Global Opportunities and TigerVCDAO, this funding strengthens BiFinance’s position in blockchain and fintech. The company plans to use the funds to accelerate asset digitization, expand internationally, and advance blockchain innovation, building a Web3 ecosystem closely aligned with traditional finance.
Highlights from the SPACE Event:
1. What are your thoughts on current cryptocurrency market trends?
KOL "Crypto Veteran" noted that the market is in a crucial transition. Institutional investors are enhancing market depth and maturity. As global regulations improve, the cryptocurrency market is becoming more stable and legitimate. The BiFinance and SDM partnership further integrates traditional finance with digital assets, creating richer investment opportunities.
2. How does BiFinance stay compliant in a tightening regulatory environment?
BiFinance CEO Bob stated that compliance is a top priority. The company has a dedicated compliance team to ensure adherence to global regulations and secure transactions. BiFinance also collaborates with international organizations to promote market transparency. Compliance is key to BiFinance's growth, and the company remains committed to maintaining the highest standards in a regulated environment.
3. What advice do you have for new investors?
KOL 0xLige recommended that beginners first educate themselves and create a solid investment strategy. He praised BiFinance for its educational resources and risk management tools, advising new investors to focus on steady growth and gradually build experience, rather than chasing quick profits.
4. How should users manage market volatility risks?
KOL AlanSun stressed the importance of risk management, noting that market volatility presents both challenges and opportunities. He highlighted BiFinance's tools like stop-loss orders and margin trading for asset protection, and mentioned that the partnership with SDM Education Group has enhanced the platform's risk management, increasing user confidence.
5. What are BiFinance's plans for technological innovation?
BiFinance CEO Bob highlighted the partnership with SDM Education Group as a key milestone for advancing blockchain applications in digital and real-world assets. This collaboration will develop a Web3 ecosystem with decentralized identity and credit protocols, enhancing user experience and solidifying BiFinance's tech leadership. The company also plans to introduce smart contracts to streamline transactions, ensure security, and support global expansion.
6. How will BiFinance use its Series A funding to achieve its strategic goals?
BiFinance CEO Bob said the funding will accelerate asset digitization, expand Web3 services, support international growth, and drive blockchain innovation, aiming to bridge traditional finance with the Web3 ecosystem and create more global user value.
7. How should BiFinance adapt to and lead the evolving cryptocurrency market?
BiFinance CEO Bob emphasized the need for technological innovation, user experience, global expansion, and regulatory compliance in a rapidly evolving market. BiFinance leads in DeFi, decentralized identity (DID), and smart contracts. The company will focus on improving user experience, launching localized products, and strengthening compliance to solidify its global market position.
The Twitter Space discussion highlighted that as the cryptocurrency market evolves, key strategies for exchanges include technological innovation, user experience optimization, global expansion, and regulatory adaptation. BiFinance plans to lead in DeFi, DID, and smart contracts while reinforcing its global market position through localized offerings and strong compliance.
BiFinance Team
Sep 4, 2024
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