Bitget skilled vital development throughout its buying and selling volumes and consumer base within the first quarter of 2024, driving the wave of widespread market resurgence.
The Seychelles-headquartered trade revealed that its futures buying and selling quantity soared to round $1.4 trillion, marking a 146% enhance, whereas spot buying and selling quantity surged by 113% to exceed $160 billion.
- Bitget noticed its most vital development in derivatives market share in March, with an increase of two.4%. This enabled it to safe the place of the third-largest derivatives buying and selling platform by quantity and marked the primary time since December that Bitget had achieved this rating.
- The platform presently boasts over 25 million customers worldwide, in response to its Q1 2024 Transparency Report.
- In the meantime, Bitget’s native token, BGB, had a formidable quarter, because it surpassed 1 in February. Its market capitalization, then again, rose to $1.5 billion.
- Because the starting of 2023, BGB has delivered 434% positive factors, even outperforming BTC and establishing itself as a standout performer within the CEX token market.
- Commenting on the cryptocurrency trade’s efficiency previously quarter, Bitget’s Managing Director, Gracy Chen, mentioned,
“This yr, Bitget is doubling down on its dedication to reinforce our spot market choices. We goal not solely to bolster our market place but in addition to contribute tremendously to the broader crypto ecosystem, supporting startups with excessive potential to develop.”
- All through the quarter, Bitget revealed itemizing 186 new tokens, amongst which Solana meme coin Dogwifhat (WIF) and rollup utility token Altlayer (ALT) stood out and finally raked in positive factors of over 1,000%.
- Earlier this yr, Bitget introduced increasing its workforce, rising from 1,100 to 1,500 staff.
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