BitGet , one of the world’s top 5 crypto exchanges, has announced a strategic integration with local fintech leader CallPay to enable South African users to deposit and withdraw funds in South African Rand (ZAR). This move is designed to streamline fiat-to-crypto transactions and accelerate mainstream crypto adoption in South Africa.
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Enhanced User Experience with Local Integration
Through its partnership with CallPay, BitGet is offering a suite of benefits that aim to make digital asset trading more accessible and user-friendly. As part of the launch, BitGet is temporarily waiving all deposit fees and providing an exclusive 25% rebate in $BGB—the exchange’s native token—on ZAR-to-crypto conversions. This initiative not only reduces transaction costs but also incentivizes users to explore the platform’s features and benefits.
“Our partnership with CallPay underscores our commitment to making crypto trading more accessible and user-friendly,” said Gracy Chen, CEO at BitGet. “By integrating ZAR deposits and withdrawals, we are empowering South African users with a reliable and convenient way to participate in the global crypto economy.”
A Strategic Expansion into Emerging Markets
This integration is part of BitGet’s broader strategy to expand its footprint into emerging markets. Over the course of 2024, BitGet’s user base saw an extraordinary surge—from 20 million users in January 2024 to 100 million by December 2024, marking a remarkable 400% growth. While East Asia dominated the market in 2021 with nearly 90% of the total user base, the past few years have witnessed significant shifts:
- South Asia: Growth from under 5% in 2021 to around 15% in 2024, demonstrating rapid adoption in the region.
- Southeast Asia: Increased from about 5% in 2021 to nearly 12% by 2024.
- Europe: Maintained steady growth, contributing approximately 10% of users in 2024 compared to 6% in 2021.
- Latin America and the Middle East: Expanded from negligible shares in 2021 to 8% and 6% respectively in 2024.
- CIS Region: Grew from less than 2% in 2021 to nearly 5% by 2024.
- Africa: Although starting below 1%, the region experienced a 300% growth in 2024, emerging as the fastest-growing market globally.
South Africa, recognized as Africa’s most mature market for digital assets, now boasts over 248 crypto providers that are legally approved to operate. This dynamic growth and robust regulatory environment make the country a key focus for BitGet’s expansion strategy.
Benefits for South African Crypto Traders
The integration with CallPay brings a number of advantages to South African crypto traders, including:
- Instant Fiat-to-Crypto Conversions: Users can convert ZAR into crypto assets seamlessly, enhancing trading agility.
- Zero Deposit Fees (Temporarily): BitGet’s waiver of deposit fees during the promotional period lowers entry barriers for new users.
- Attractive Incentives: The 25% rebate in $BGB on ZAR-to-crypto conversions provides a compelling incentive, rewarding users for their transactions.
- Secure and Efficient Transactions: CallPay’s local expertise ensures that all deposits and withdrawals are processed securely and efficiently, reinforcing user trust.
Looking Ahead
BitGet’s integration with CallPay marks a significant milestone in its mission to democratize access to crypto trading. By bridging the gap between traditional banking systems and digital finance, BitGet is poised to tap into the growing demand in emerging markets, particularly in South Africa. This partnership is expected to further drive adoption, ultimately contributing to a more inclusive global crypto ecosystem.
As BitGet continues to roll out similar initiatives across other emerging markets, South African traders can look forward to a more seamless, cost-effective, and secure trading experience—paving the way for broader participation in the global digital asset economy.
Stay tuned to TawkCrypto for more updates and in-depth analysis on how these developments are shaping the future of crypto trading worldwide.
