Gracy Chen - The Future is Not Centralized - It's Universal - TOKEN2049 Singapore 2025

Hi everyone. Um I'm Gracie Chen, uh CEO of Big. So Big is one of the top five centralized exchanges today. And my title here is to tell you the future is not about centralized change anymore. It's universal.

So I just want to share a story uh that I uh I countered a few months ago in central Italy. So Bigette is a sponsor of Moto GP. Basically it's the motorcycle version of Formula 1 and we were at Tuskani in central Italy. Um, and that's, you know, me and the Moto GP higher executives. When I was watching the games, there were a staff coming to me and leaning to me said, "Do you know Gracie that when those bikes were at the maximum speed, it's very much similar, I think 350 kilometers per hour.

Uh, and that's the speed of a airplane when it take off." I said, 'Oh, that gear must be very powerful. How many gears do they have? So the staff said typically the motorcycle only have six spears, sorry, six gears, but when they really need to do very fast and try to, you know, be the champagne and to encounter the most difficult races, there is an invisible seventh gear that they have in mind that they try to reach. So the idea of this invisible seventh gear got very sticky in my mind and because we are celebrating big's seventh anniversary this year so I decided to use gear up to seven as an idea uh of this year's campaign.

So on the track the bikes need to push towards the limit towards this seventh gear that doesn't really exist. For us at big we do the same. If you know us for a while you probably have heard of big uh especially for the upcoming one or two years. We are considered sorry the previous one or two years we are considered the black horse in this industry as a central exchange that came out in the past cycle and we have built on not just central exchange today big has lots of ecosystem partners we have a decentralized wallet big wallet Asia's largest uh distress wallet morph which is a uh public chain that we built we incubated and we also have published get agent which is our AI agent AI tool. By the way, this whole week get agent is free.

Usually we charge our user about $30 um for for use that using that for a monthly subscription fee but this whole week is free. So if you have a big app or if you don't have download one and start to use it. Uh the other day I asked at agents um what is according to my tra trading portfolio and trading behavior tell me what's my trading MBTI personality and according to get agent my trading personality is very much something like INTJ which is the same as Warren Buffett. So hopefully we can do pretty well in my long-term trading. But get agent is an AI tool that we built for this industry.

We've also worked with UNICEF. We've came up with these two corporate social responsibility campaigns, blockchain for her and blockchain for youth. Uh because we see that the youth and the female communities is a little bit underprivileged uh in in crypto industry. So these are some of the things that we built. But not only that, we actually have a very big ecosystem including some media partners including uh um our our earning and uh some other fully centralized fully regulated exchanges.

Otherwise um the problem that I saw today in terms of centralized exchanges and decentralized exchanges is that the centralized exchanges or tra any trading platform have this kind of a trillemma just like the ethereum trillemma stablecoin trillemma at a central exchange you need to balance uh between experience security and asset variety. For example, if you look at the old model central exchanges, we typically only list 200 to maybe 800 different tokens. We want to be slightly selective in terms of what we list because our users trust us a lot on uh the listing platform, but we have fewer assets. We also have this uh hierarchy and bureaucratic process of listing and of management. Then for decentralized exchanges, it's much more uh you have much more asset variety, but the market is more fragmented and a bit complicated.

You need to memorize your uh wallet keys. You need to be able to do a lot more defy trading without a 247 customer support. And then in trady um we probably some of you probably other than just invest in crypto you also invest in the US stocks you know it's not available 24/7 like our industry uh and when I I have a friend who lives in Hong Kong but he trades a lot of US stocks so he pretty much live like a vampire like he needs to get up at 10 p.m. and then do the trading when the US hours are open and sleep at know 4 or or five uh am in Hong Kong time.

You know it's it's this traffic is just has having very limited availability. What if we don't have to choose in between them? Our solution is the universal exchange where we combine decentralized exchange, central exchange and traffic in terms of the asset coverage. So all the tradable assets in one place. Now your bitcoin can set right next to your uh Tesla and Nvidia.

Also, we want to support tokenized forex and commodity like tokenized gold and silver together with not just crypto. So, it's not just a a uh simple, you know, combination. It's actually a technical and philosophical fusion of all these three different concepts. It's not about choosing one side. It's about building for users and having it all.

So the central interest changes core technical breakthroughs. Uh number one we talked about the comprehensive asset coverage but also AI we are actually very very bullish on AI agent but it's not like just simple AI agent issue a a token like what we did uh the industry did last year. Our AI agent which is what we call get agent can help you place an order, can help you analyze your trading behavior very thoroughly. Uh can automate lots of work can also grab information from here and there you know all together for you very upto-date all the price all the data uh most up to date. So the AI powered integration is part also part of our UEEX concept and then enhanced security infrastructure.

Uh big is known for having the second largest centralized uh exchanges protection fund. The largest protection fund in our industry among central exchanges is Binance Safu which has I think 1 billion or two billion uh in terms of the asset underlying. We have a 850 million protection fund. Of course, when Bitcoin price fluctuates, the protection fund fluctuates. But the idea is to protect our user when ex for example if they were hacked or they lost their money due to instable security or our system, they the user got compensated.

And we have uh established this protection fund right um actually before FTX collapse for the past few years already. And we also publish our proof reserve on a monthly basis. We want to be very transparent to our users and have people uh be aware that we uh we we have this protection scheme and we also want to detect the risk and you know protect our users in general. These are all parts of the core UEEX technical breakthroughs. Um so security is the foundation which I talked earlier but we also have deep security layers for example uh separation of cold and hot wallets for example very advanced monitoring as and risk medication by the way um I don't talk about this very publicly but I was hacked a few uh months ago by Lazarus the the very same group that targeted by bit for the historically really big um theft but um we didn't lose anything although I was hacked and uh I was very targeted but basically our different layers of security are there in order to ensure uh the security of our user and even me as a CEO don't have access to everything because we want to make sure there's like data uh segregation and again for our users benefit um So the here are some predictions I want to make about the future.

Like I think tokens, stock tokens will become more mainstream and AI integration will shape the trading workflow. Crossber transactions, finance, payi will be more and more available and seamless and permissionless in our industry and also UEX will surge as a global demand for diversified portfolio and uh frictionless access as a trading platform concept. Well, um, here are some of our our philosophy. In Chinese, there's a sentence called in English that means without taking small steps, one cannot reach a thousand miles. And that's indeed our philosophy when we build big.

Uh, we we do we do consider oursel as marathon runner. We don't look for short-term gain. We look for long-term competition and long-term, you know, consistency marathon. And that's our spirit. So very happy to celebrate our seventh year anniversary and introduce you know different new concepts to you guys.

We have a booth at the at the fifth floor and we also have another popcorn booth on the fourth floor uh that I will both go to after this. So uh definitely happy to interact with you guys more know more about what you do. If you want to get listed, you know, talk to us. If you want to look for investment, we also have a 400 400 million AUM fund that we manage that do lots of investment. Um, and again, happy to chat with you more in the booth, but right now since we have a little bit time, another two minutes, I can take maybe one or two questions.

Hello. Uh, can you answer um question about your blockchain, the Bitgate blockchain? Is it public? Uh is it working on post on proof of work? You

you mean our public chain?

Yes. Yes. Yes. Yes.

Okay. That was morph. So uh morph is this layer two that's was heavily building on Ethereum. Uh but right now it's very much used as a payment chain. It launches it um mainet already a year ago actually.

Yeah. last year during Defcon uh and it's available online so you can try that out and uh more right now strategically we are targeting to support global transactions uh crossber transactions payment etc.

Yeah but we have a public chain and it's launched already.

Hey thanks a lot. Um just wanted to say congratulations on the the recent growth that you've had at BitGet

and um just wanted to ask uh just for us we're a startup in the in the crypto space and um what would be the best way if we're looking for investment and partnership um to help us uh grow the project? What would be the best way to have a conversation with you guys? And

so go to our booth. Um we do have our listing team, marketing team, um financial product team, different teams over there and if they are not there, you can let me know or another staff know that we can introduce you to the right people.

Okay, awesome. Thanks a lot.

All right, thank you very much for your time and uh hope to connect more.