In Q1 2024, Bitget, a significant crypto exchange and Web3 company, unveiled its transparency report, highlighting remarkable expansion and commitment to a flourishing cryptocurrency community. The platform experienced a 100% increase in trading volumes for both spot and futures markets compared to the previous quarter. Additionally, the value of Bitget’s native BGB token rose by 80%, reinforcing Bitget’s status as a leading figure in the crypto sector.
In Q4 2023, the futures trading volume at Bitget amounted to $1.4 trillion, marking a significant leap of 146% compared to the previous quarter. Furthermore, the spot trading saw an impressive surge as well, exceeding $160 billion, which represents a noteworthy increase of 113%. As a result, Bitget gained a 2.4% larger market share in the derivatives market during March 2024.
The success of Bitget extended beyond trading, as it experienced an impressive increase in users. Over 25 million people from around the world now use the platform, highlighting its rising popularity and acceptance within the cryptocurrency community.
Bitget’s BGB Token Grows 434% Since 2023
In February, Bitget’s native token BGB experienced a significant surge, reaching a value of $1. This increase came with a substantial boost to its market capitalization, which rose to an impressive $1.5 billion. The exceptional growth of BGB has led to a remarkable 434% rise in value since the beginning of the year, surpassing Bitcoin (BTC) and making it one of the standout performers among CEX tokens.
Bitget’s expansion goes beyond just increasing trading volumes. Through its active approach to listings, the platform has introduced 186 new tokens, resulting in a portfolio of over 750 tokens and 820 spot trading pairs. Some of these tokens, such as XAI, GPT, and PIXEL, have seen significant price surges, reaching impressive highs of over 3000%.
In addition to offering its main items, Bitget prioritizes its social impact and the importance of fostering a lively community. Some ways they do this include publishing a report on gender imbalance, launching the Blockchain4Her project with a $10 million budget, and selecting three industry professionals as brand ambassadors.
Additionally, Bitget supports different philanthropic initiatives. They collaborate with Club Caacupé, a group that fosters young people’s growth, by arranging charity events and donating all SLERF trading fees to help rebuild their facilities.
Bitget Eyes Global Expansion
Bitget announced the appointment of Vugar Usi Zade and Alvin Kan to drive forward its global expansion and technological advancements. They will assume the roles of Chief Operating Officers, overseeing Bitget and Bitget Wallet respectively. With their wealth of experience and strategic thinking, these new appointees will strengthen Bitget’s path towards continued prosperity and development in the future.
Additionally, Gracy Chen, Bitget’s Managing Director, emphasizes their commitment to improving their spot market services and significantly impacting the larger cryptocurrency industry.
“Chen stated that our goal is not just to strengthen our place in the market, but also to make a significant impact on the larger cryptocurrency community. We will be helping promising start-ups thrive,”.
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2024-04-11 18:24