The crypto market is facing an unprecedented situation. Although it has experienced several bear markets, cryptocurrency has never experienced a global macro-financial storm. Bitcoin was born in the last global financial crisis in 2008, and encryption technology has grown rapidly over time. Today’s market participants (individuals and institutions) have high complexity and diversity compared to a few years ago. Never before have we received so much attention from users, developers, and regulators.
However, situations vary in such a market. Some institutions are insolvent and eventually bankrupt due to excessive leverage and lack of liquidity, and some reduce the staff to cut costs due to falling incomes. But in this case, Hotbit firmly carries out market expansion since the bear market is both a disaster and a chance.
Hotbit is frequently seen on social media and participated in many conferences such as Technologies that Enable the Metaverse and GLOBAL DEFI INVESTMENT SUMMIT. The main conference form of Technologies that enable the metaverse is speech. There are four speakers in total, and the rest of the conference is free communication. Two of the four speakers came from traditional institutions in Dubai that mainly serve facilities with access to the Metaverse, such as VR/AR. Hotbit marketing staff communicated with two speakers and sought opportunities to work with them on NFT projects and platforms. Other participating projects are all NFT projects, mainly focused on the production and sale of NFT.
GLOBAL DEFI INVESTMENT SUMMIT consists of 11 sponsors and four booths, and the main contents are speech and panel discussion. Hotbit marketing staff said they communicated with the investor’s founder and CEO on the project side. They made speeches, focusing on project introduction and joint investment, and received positive feedback. Also, they communicated with other participants such as BEDEX and XT.
In the face of the changing market, Hotbit is sticking to its direction and expanding its market in the current market conditions by attending meetings and speaking out in the media. This is a very effective and viable way to meet the bear market – keep a positive attitude towards the crypto market and actively explore it.
About Hotbit： Founded in 2018 and holding an Estonian MTR license, American MSB license, Australian AUSTRAC license, and Canadian MSB license， Hotbit cryptocurrency exchange is known as a cryptocurrency trading platform that continues to develop and integrate various forms of businesses such as spot trading, financial derivatives, cryptocurrency investment, and DAPP into one platform. Currently, Hotbit’s businesses cover more than 210 countries and areas, with its Trust Score ranked 9 points by CoinGecko as one of the world’s top 20 exchanges.