Crypto News– Bitget Q1 2024 Report, a prominent cryptocurrency exchange and Web3 firm, has unveiled its Q1 2024 Transparency Report, showcasing remarkable growth and unwavering commitment to a thriving crypto community. Trading volumes for both spot and futures markets surged by 100% compared to the previous quarter, while Bitget’s native BGB token witnessed an 80% surge during Q1 2024, consolidating Bitget’s position as a major player in the crypto sphere.
Bitget Q1 2024 Report Unveils a 100% Surge in Transaction Volume, Accompanied by an 80% Soar in BGB
Futures trading volume soared to US$1.4 trillion, marking a substantial 146% increase compared to Q4 2023. Similarly, spot trading witnessed an equally impressive performance, surpassing US$160 billion, representing a 113% surge. Consequently, Bitget’s market share in the derivatives market experienced a notable 2.4% growth in March 2024.
Success wasn’t confined to trading activities alone. Bitget observed a remarkable surge in its user base, expanding to encompass over 25 million individuals globally. This growth underscores the platform’s increasing appeal and widespread adoption within the crypto community.
Bitget’s BGB Token Sees a 434% Growth Since 2023
Bitget’s native token, BGB, experienced a remarkable surge, reaching $1 in February, and subsequently witnessing a substantial increase in market capitalization to $1.5 billion. The exceptional performance of BGB has translated into a staggering 434% increase since the beginning of the year, surpassing Bitcoin (BTC) and emerging as one of the top performers in the CEX token market.
Bitget’s growth trajectory extends beyond trading volumes, as its proactive listing strategy led to the introduction of 186 additional tokens, expanding its portfolio to encompass over 750 tokens and 820 spot trading pairs. Tokens like XAI, GPT, and PIXEL recorded significant price hikes, surpassing an impressive high of 3000%.
In addition to its core products, Bitget emphasizes its societal role and the importance of fostering a vibrant community. Initiatives such as publishing a gender imbalance report, unveiling the Blockchain4Her project valued at $10 million, and appointing three industry experts as brand representatives underscore Bitget’s commitment to social responsibility.
Furthermore, Bitget actively engages in charitable activities, offering support to Club Caacupé, a youth development organization, through fundraising initiatives and allocating all SLERF trading fees towards its rebuilding efforts.
Bitget Sets its Sights on Global Expansion
Bitget Appoints Vugar Usi Zade and Alvin Kan to Drive Global Expansion and Innovation Forward. They are appointed as Chief Operations Officers, tasked with leading Bitget and Bitget Wallet, respectively. Leveraging their vast expertise and strategic acumen, these new leaders are poised to bolster Bitget’s path towards sustained success and future growth.
Additionally, Gracy Chen, the Managing Director of Bitget, emphasizes the company’s commitment to enhancing its spot market offerings and making significant contributions to the broader cryptocurrency market.
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