The cryptocurrency exchange Bitget has reached a significant milestone as the overall crypto market cap has catapulted past the $3 trillion mark. The platform now ranks within the top three global leaders in crypto futures trading. Impressively, Bitget’s metrics for derivatives trading volume, open interest, and daily active traders have all attained unprecedented levels. Additionally, the price of the BGB token has experienced a remarkable 22% increase over the past week.
Daily Volume Surges Over $10 Billion
According to a press release dated November 13, Bitget announced that its daily trading volume has exceeded $10 billion, with its futures trading volume soaring to $77 billion. The broader crypto market has also observed a 1.7% rise in total derivatives trading volume, reaching $1.51 trillion during what is referred to as the ‘Trump trade.’ CEO Gracy Chen emphasized that Bitget, as a leading crypto exchange, has remained steadfast in constructing a robust platform, even amidst recent bearish market conditions.
Currently, Bitget supports over 900 listed tokens and boasts a daily trading volume surpassing $10 billion. The exchange attributes this success to the trust and credibility it has cultivated, maintaining transparency and security. Furthermore, in the span of just over a year, Bitget has expanded its user base from 20 million to 45 million, highlighting the increasing demand for dependable and accessible crypto trading.
Bitget Surges to Top 3 in Global Crypto Futures Trading
Amidst the ongoing market recovery, Bitget has ascended to become one of the top three platforms for futures trading worldwide, surpassing the OKX exchange to claim the third spot. The exchange has achieved this by prioritizing enhanced futures trading capabilities, liquidity, and user experience. Moreover, Bitget has witnessed substantial growth in both institutional and retail users by consistently providing a seamless trading experience.
Bitget attributes its achievements in the global derivatives market to the increasing attractiveness of futures trading and the growing convergence of decentralized finance (DeFi) with centralized finance (CeFi).
Bitget Relaunches UK Website
In a recent development, Bitget has officially relaunched its UK website, granting British users access to over 150 tokens for trading. This move underscores the exchange’s dedication to offering a diverse array of options for UK crypto investors. At present, Bitget’s native token BGB is trading at $1.44, marking an increase of over 1% in the last 24 hours.
The rapid expansion and strategic initiatives undertaken by Bitget signify its commitment to becoming a leading force in the crypto trading landscape. As the platform continues to innovate and adapt to the evolving market dynamics, it remains well-positioned to capture further growth and success in the future.
