Victoria, Seychelles, April 11, 2024—Bitget, the world's leading cryptocurrency exchange and Web3 company, has released its Q1 2024 Transparency Report, showcasing the ecosystem's achievements and growth over the past three months. It is noteworthy that compared to previous quarters, Bitget showed a 100% increase in transaction volumes in both spot and futures trading, as a result of which the BGB platform token soared by more than 80% in the first quarter.
Highlights:
Current Bitget serves 25 million users worldwide, futures trading volume grew by 146% to US$1.4 trillion, and spot grew by 100% in the first quarter of 2024.
Bitget saw the largest growth in derivatives market share : in March it grew by 2.4%.
The price of BGB crossed the $1 mark, which was the largest increase in the market value of CEX tokens with a 434% increase since 2023.
In the first quarter, Bitget listed 186 new tokens and 7 Launchpool projects.
Bitget launched $10 million Blockchain4Her initiative.
Celebrating the second year of cooperation with Messi and raising funds for the Kaakupe club.
Bitget futures trading volume was approximately $1.4 trillion, an increase of 146%, and spot trading volume grew by 113% to exceed $160 billion in the first quarter of 2024. The largest increase in derivatives market share was observed by Bitget: in March it grew by 2.4%. Meanwhile, Bitget's user base has surpassed 25 million worldwide, indicating significant growth and widespread adoption.
Bitget's native token, BGB, had a remarkable quarter, surpassing the 1 mark in February and significantly increasing its market capitalization to 1.5 billion. Since the beginning of 2023, BGB has grown by 434%, surpassing BTC and taking a leading position in the CEX token market.
Through a proactive listing strategy, the Bitget platform introduced 186 new tokens, expanding its portfolio to over 750 tokens and 820 spot trading pairs. In particular, tokens such as XAI, GPT and PIXEL showed significant growth, exceeding 3000%. Bitget also launched a zero-fee trading campaign on Bitcoin and Ethereum for USDT spot trading pairs in honor of Bitcoin and Ethereum achieving significant success.
Supporting its culture and social responsibility, Bitget released a report on gender inequality, launched a $10 million Blockchain4Her initiative, and invited 3 industry leaders as ambassadors. From the community, Bitget showed support by donating all of SLERF's trading fees to its recovery plan. Bitget organized fundraising events for Club Caacupé, a youth development non-profit organization celebrating its second year of collaboration with soccer icon Lionel Messi.
In addition, Bitget announced the appointment of Vugar Usi Zadeh and Alvin Kahn as chief operating officers of Bitget and Bitget Wallet, respectively, who, with extensive experience and strategic vision, will drive global growth and innovation in their ecosystem.
Gracie Chen, Managing Director of Bitget, comments: “The first quarter of 2024 saw many significant market developments, such as the approval of Bitcoin spot ETFs and Bitcoin reaching a new all-time high. In the midst of these major industry events, we are pleased to present our Bitget Transparency Report. This report sheds light on our impressive growth, our initiatives to strengthen our sense of community and our progress in corporate social responsibility. This year, Bitget will redouble its efforts to expand its offerings in the spot market. We strive not only to strengthen our position in the market, but also to make a huge contribution to the development of the cryptocurrency ecosystem by supporting startups with high growth potential.”
To access the full Bitget Q1 2024 report, visit the website.
To access the full Bitget Q1 2024 report, visit the website. p>
About Bitget
Founded in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving more than 25 million users in more than 100 countries and regions, Bitget is committed to helping users trade smarter through its innovative copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers a range of comprehensive Web3 solutions and features including wallet functionality, swap, NFT marketplace, DApp browser and much more. Bitget inspires people to use cryptocurrency through collaborations with trusted partners including legendary Argentine footballer Lionel Messi and official esports event organizer PGL.
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