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Bitget Report 2023: 94% surge in spot trading, BGB volume up 110%

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Bitget Report 2023: 94% surge in spot trading, BGB volume up 110%

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Victoria, Seychelles, Jan. 9, 2024, Chainwire

Bitget, a cryptocurrency exchange and web3 company, unveiled its Bitget Transparency Report 2023 on Jan. 9.

In 2023, Bitget showed strong resilience and growth. There was a 94% increase in spot trading volume and a 110% rise in BGB trading volume.

Bitget Report 2023: 94% surge in spot trading, BGB volume up 110% - 1

Business performance highlights:

  • Despite market challenges, Bitget’s overall yearly trading volume reached $3.14 trillion as year-on-year spot trading volume surged by 94%.
  • Bitget Token (BGB) rose 291%, with prices breaking out of the ATH level multiple times last year. There was also a 110% increase in trading volume.
  • Made strategic investments, including a $30 million investment in BitKeep, and established the EmpowerX Fund and web3 fund with $100 million capital each to expand the ecosystem.
  • Launched Blockchain4Youth project worldwide with $10 million allocated funding.
  • Registered as a Virtual Asset Service Provider (VASP) in Poland and Lithuania

In 2023, Bitget excelled with a total trading volume surpassing $3.14 trillion. Spot trading volume notably increased by 94% to US$81.6 billion, even in turbulent markets.

Its user base reached 20 million, supported by a 1,500-member team, and peaked at 13.6 million monthly visits in May 2023.

Bitget’s proactive listing approach added 355 new listings, a 46% YoY increase, expanding its offerings to over 600 tokens and 700 spot trading pairs.

This strategy boosted demand for BGB, which reached an all-time high of $0.70499, a 291% increase in 2023. The rise in BGB holders, nearing 217,000, and increased trading volume can be attributed to new features, launchpad developments, compliance achievements, and ongoing efforts to enhance Bitget’s trading services and ecosystem.

Gracy Chen, managing director of Bitget, said:

“In 2023, marked by its unpredictable pace and market fluctuations, Bitget achieved notable milestones. We are pleased to unveil our Bitget Transparency Report, which highlights significant growth in both our user base and trading volume to the world. Additionally, we expanded our business operations and fortified our compliance measures, solidifying our position in the cryptocurrency industry. These accomplishments underscore our commitment to providing top-notch services and our unwavering dedication to the crypto community. We look forward to the opportunities that lie ahead as we persist in driving innovation within the cryptocurrency space.”

About Bitget

Established in 2018, Bitget is a cryptocurrency exchange and web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its copy trading feature and other trading solutions.

Formerly known as BitKeep, Bitget Wallet is a multi-chain crypto wallet that offers web3 solutions and features including wallet functionality, swap, NFT marketplace, dapp browser, and more.

Bitget inspires individuals to embrace crypto through collaborations with partners, including Argentinian footballer Lionel Messi and official eSports events organizer PGL.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

Contact

Rachel Cheung
[email protected]

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.