Bitget, a leading crypto derivatives and copy trading platform, has once again proven its superior performance in the second quarter of 2023. The company’s exceptional achievements are highlighted in its recently released Transparency Report.
Bitget’s Market Share Soars
Bitget not only survived the tumultuous market conditions but thrived amidst them. The platform saw its market share grow by 1.81% to reach an impressive 8.7%, making it the second-highest among the top five Centralized Exchanges (CEXs). This increase is particularly notable given the overall decline in the cryptocurrency market.
Record-Breaking Trading Volume
In terms of trading volume, Bitget reached new heights with a total spot trading volume exceeding $60 billion and a futures trading volume crossing $606 billion. Despite a general fall in accumulated spot trading volumes by 44.8% and derivative volumes by 14.6% across CEXs, Bitget managed to buck the trend.
According to TokenInsight Crypto Exchange Report for Q2, Bitget ranks among the top four exchanges that account for over 85% of total market share.
Exceptional Performance of BGB Token
The native BGB token outperformed all other tokens in the Top 10 biggest cryptocurrencies with an impressive quarterly surge of nearly 80%, reaching an All-Time-High (ATH) of $0.51. The number of BGB holders also saw a significant rise by 130% to reach over 305,000 within three months.
Dominating Futures Trading Volume Post-FTX Collapse
In light of FTX’s collapse, many exchanges experienced a decline in their futures trading volumes. However, Bitget was an exception to this trend as observed by Nansen, a blockchain analysis firm. Bitget was able to capitalize on this situation and increased its futures trading volumes significantly during this period.
Expanding Token Listings
Bitget added an impressive number of new tokens to its platform during Q2, listing as many as 81 new tokens and becoming one of the top five exchanges in terms of listings.
Global Expansion Continues
In addition to these accomplishments, Bitget continued its global expansion efforts during Q2 by successfully registering as a Virtual Asset Service Provider (VASP) in Poland and Lithuania.
Established in 2018, Bitget serves millions of users across more than 100 countries worldwide with its secure one-stop crypto-trading solution. It continues to inspire individuals around the globe to embrace crypto through collaborations with credible partners like Lionel Messi and PGL eSports events organizer.
With these achievements under its belt for Q2 alone, it is clear that Bitget has positioned itself as an industry leader and is set for even greater success moving forward into the second half of this year.