Telecom
Bitget Sees Largest Market Share Growth after FTX Bankruptcy

Bitget, leading crypto derivatives exchange, has become one of the world’s top 3 crypto exchanges in the derivatives sector paired with enormous achievements, such as a 2.6x market share increase and 8 million registered users in 100+ countries globally, despite the poor market sentiment after FTX’s bankruptcy in 2022.
2022 was one of the roughest years in the crypto industry, which saw the collapse of Terra LUNA, Celsius, and FTX, consequently wiping out over US$2 trillion from the crypto market. Despite the hardships in the market, Bitget grew in all aspects; the company made great strides in building our team, brand, and business over the last 12 months during the crypto winter.
Some key development areas of the company included:
1. Climbing the chart ranked as the Top 3 exchange according to the Boston Consulting Group report, in terms of crypto derivative trading volume.
2. According to the latest TokenInsight report, Bitget’s market share in the derivative market increased from 3% to 11% after the collapse of FTX.
3. Over 300% increase in total transaction volume, with the popularity of copy trading products
4. The workforce grew from barely 200 people at the beginning of 2022 to over 1100 employees in Jan 2023
5. Became the exclusive crypto exchange partner with Lionel Messi

According to the latest data shared by the TokenInsight report, Bitget’s market share increased dramatically from 3% to 11% after the collapse of the former second-largest exchange, FTX, which marked the single largest market share growth in the crypto derivatives sector. At the end of 2022, the top 10 exchanges’ total daily open interest had dropped by 27.1% from January and 41% from its peak in April of the same year. Among the exchanges, only Bitget achieved a significant increase in open interest, from $841 million to $3.74 billion, representing a 344% total increase.
These figures of growth are attributed to our endeavors on not only service improvement, but also the global expansion and adoption of top-notch security and protection measures. Previously, the company focused on serving customers from a few Asian countries alone. However, by the end of 2022, the exchange had acquired over 8 million users in more than 100 countries, with footprints in Turkey, Southeast Asia, Latin America, and Europe. Bitget is safeguarding users’ funds on the platform with a series of security policies, including a $300 million Protection Fund, a Fund Custody service, pledged to be fully reserved back by the Merkle Tree Proof of Reserves model.
Gracy Chen, Managing Director of Bitget ,remarks “2022 marked one of the most important years in the history of Bitget. Our achievements for the year are remarkable, making us a dark horse in the face of those black swan events.
“Although a few negative incidents happened in the industry, Bitget remained steady in our growth and took this as an opportunity to further strengthen our capability.
“Working with Leo Messi also reminded all of us that winning and building an everlasting business requires passion, perseverance, and teamwork. Our significant growth is a testament to all of the hard work and immense efforts our team has dedicated to the company.”
“As macro liquidity continues to affect the crypto market, the interest rate spike is expected to slow down in 2023 gradually. The impact of the Fed on macro liquidity will also continue to affect investors’ expectations for the crypto market.
“In addition, the TVL(Total Value Locked) amount in DeFi is expected to increase slowly in 2023. Regardless of the decline in the value of popular blockchain tokens, the number of active users and new wallet addresses on chains like Polygon, Ethereum, and BSC has remained on the rise.”
“We believe 2023 will be a year full of opportunities and challenges, and our goal will remain focused on providing the best social trading and derivatives trading experience for our users.
“We will also continue to expand our spot markets and improve our overall capabilities to optimize the trading experience on Bitget.
“As the industry continues to consolidate and deleverage, and the macroeconomic conditions improve, we will emerge from this crypto winter, thrive in the year ahead, burgeon into a leading player and propel the industry forward.”
Telecom
MTN Commits $2Bn to ITU’s Partner2Connect Initiative

MTN Group has committed $2 billion to the International Telecommunications Union’s (ITU) Partner2Connect initiative, bringing the total funds pledged to $73 billion.
The announcement was made during the ongoing Mobile World Congress (MWC 2025) in Barcelona, Spain.
Partner2Connect, spearheaded by the ITU, is a global initiative aimed at enhancing universal digital access, strengthening infrastructure, and fostering meaningful connectivity.
Doreen Bogdan-Martin, secretary-general, ITU, highlighted the significance of these commitments, stating, “Expansive digital infrastructure highlights how much humanity values and depends on meaningful connectivity. These new pledges bring us closer to delivering sustainable digital transformation to everyone, everywhere.”
According to the ITU, MTN Group has shown a strong commitment to investing in Africa’s digital future, spending approximately $2 billion annually on capital expenditures across its markets over the past five years.
Similar investments are planned over the next five years, focusing on expanding and improving voice and data networks to bolster connectivity and drive digital inclusion.
The ITU also announced a $2 billion pledge from Globalstar to expand its low-Earth orbit satellite network, providing seamless, energy-efficient connectivity solutions for remote regions and underserved areas.
These efforts will include direct-to-device (D2D) and IoT connectivity solutions.
As ITU celebrates its 160th anniversary, the UN agency has emphasised its dedication to bridging the global digital divide.
An estimated 2.6 billion people worldwide remain offline, according to ITU data.
The agency has called for $100 billion in commitments by 2026 to fund projects supporting global digital transformation, particularly in hard-to-reach communities.
With over 1,000 pledges spanning 147 countries, Partner2Connect is working toward ITU’s vision of a digitally connected and inclusive future.
Current estimates suggest $1.6 trillion is required for global connectivity hardware alone, with the majority of resources needed in developing nations.
The funds pledged by MTN Group and other partners are set to strengthen digital infrastructure, enhance connectivity in underserved areas, and accelerate digital innovations to support economic and social growth worldwide.
Telecom
Telegram Introduces New Features to Address Unsolicited Messages

Telegram has rolled out a new feature aimed at enhancing user safety by flagging messages from unknown contacts.
When users receive messages from individuals outside their contact list for the first time, a detailed information page now appears.
This page includes details such as the sender’s country (determined by their phone number), their joining date on Telegram, any shared groups, and whether their account is verified.
The goal is to help users identify potential scams and impersonators more effectively.
In addition, Telegram now provides insight into when the sender last updated their username or profile picture, offering another way to detect compromised or hacked accounts.
The company has emphasised its commitment to transparency, promising “clear indicators” to distinguish official accounts, third-party verified profiles, and regular users.
Telegram Premium subscribers can now charge fees for messages received from users outside their contact list, a feature designed to reduce spam while allowing group administrators to monetise their communities.
Dubbed “Star Messages,” this new option enables users to set customisable fees for unsolicited messages.
The feature also provides flexibility, allowing certain users or members of specific groups to send messages for free.
Telegram’s Star Messages come with convenient options, such as single-tap refunds for payments, ensuring a seamless user experience.
By offering advanced controls and monetisation opportunities, the platform continues to prioritise user safety and satisfaction.
With these updates, Telegram strengthens its position as a platform focused on both user protection and innovative monetisation tools.
Telecom
MTN Nigeria Reaffirms Support for Grassroots Sports During Edo State Visit

MTN Nigeria has strengthened its commitment to grassroots sports development following a visit to Edo State Governor, Monday Okpebholo, at the Government House in Benin City on March 5.
The visit coincided with the upcoming launch of Season 3 of MTN Champs, an athletics competition that will commence in Edo State from March 13 to 15.
The initiative highlights MTN’s dedication to nurturing young athletic talent and aligns seamlessly with Edo State’s focus on sports development.
Idowu Adesokan, General Manager of Consumer Marketing at MTN Nigeria, expressed appreciation for Edo State’s contributions to previous editions of MTN Champs and emphasized the importance of collaboration to ensure this season’s success.
Governor Okpebholo reciprocated by pledging full logistical and administrative support to make the event impactful.
Season 3 of MTN Champs is set to engage thousands of secondary school students across Nigeria, kicking off in Edo State before moving to Lagos and Uyo in subsequent weeks.
This initiative reflects MTN Nigeria’s broader vision of fostering youth empowerment and revitalizing athletics at the grassroots level.
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