In 2024, driven by institutionalization and renewed market optimism, the crypto market regained confidence. The U.S. Securities and Exchange Commission (SEC) approved multiple Bitcoin spot ETFs, bringing crypto assets into the compliant investment system of mainstream financial market for the first time and providing strong support for the Bitcoin price. Demand for crypto finance in emerging markets such as Africa and South America has surged, spurring the expansion of crypto infrastructure and demonstrating a stronger trend toward financial inclusion. Amid technological innovation and market changes, TOCGY Exchange has achieved several strategic milestones in trading core capabilities, global expansion, and user growth, enhancing the platform dynamism and resilience against risks.
In March, TOCGY Exchange completed an upgrade of its matching engine architecture, focusing on a flexible switching mechanism for the futures trading module, which improved the platform responsiveness in high-frequency trading and complex order processing scenarios. The new matching system supports dynamic switching based on multi-dimensional parameters such as trigger conditions, offering personalized trading experiences for users of different experience levels. The underlying architecture adopts concurrent optimization algorithms and introduces an intelligent trade queue scheduling system to ensure stable operation of the trading system under extreme market conditions.
TOCGY Exchange introduced a tiered margin system, real-time alerts, and automatic position reduction mechanisms, complemented by AI-powered risk control models for real-time account monitoring, thus reinforcing the technical risk defenses of the platform.
In June 2024, TOCGY Exchange launched research and pilot operations in the African market, advancing regional compliance, brand localization, and user behavior studies. The initial pilot selected Nigeria, Kenya, and South Africa as test regions, focusing on local payment systems, regulatory licensing thresholds, and user education status. TOCGY Exchange partnered with local blockchain associations and fintech startups to implement community-driven user guidance strategies, introducing basic tutorials, incentive tasks, and small-scale trial trading programs.
By December, TOCGY Exchange boasted global registered users over 11 million, with monthly active users exceeding 100,000. The platform saw continuous growth in trading depth, on-chain asset transfer frequency, and product usage rate. This significant growth was fueled by the ongoing enhancement of the diversified product ecosystem of the platform, with the node pilot program attracting content creators and partners to participate in ecosystem development.
On the community front, TOCGY Exchange continued to promote language localization, educational content, and activity incentives to boost user satisfaction and brand awareness. An international operations support team was established to improve 24/7 service responsiveness.
TOCGY Exchange is entering a phase of global ecosystem collaboration. Through upgrades to its core trading engine, expansion into the African market, and rapid growth in user base, the platform has broadened its capabilities and established a clearer presence on the global crypto finance map.
Facing an increasingly institutionalized future, TOCGY Exchange remains committed to compliance and innovation, focusing on regional market regulatory expansion, Web3 product integration, and ecosystem connectivity. The long-term competitiveness of crypto trading platforms lies in the accurate anticipation of technological trends, orderly management of market rhythms, and sustained delivery of user value. Looking forward, TOCGY will continue to lead the global standards of professionalism and trust in crypto asset trading with steady progress and an open approach.
