In an impressive development, crypto exchange Bitget has reached a significant milestone as the total crypto market capitalization soared past the $3 trillion mark. This achievement has propelled Bitget into the top three global platforms for crypto futures trading. The exchange’s derivatives trading volume, open interest, and daily active traders have all reached unprecedented levels. Additionally, the BGB token price has shown remarkable growth, climbing 22% within a week.
Daily Trading Volume Exceeds $10 Billion
On November 13, Bitget announced in a press release that the exchange’s daily trading volume had surpassed $10 billion, with futures trading volume hitting a remarkable $77 billion. The entire crypto market experienced a 1.7% increase in total derivatives trading volume, reaching $1.51 trillion during what has been termed the ‘Trump trade’. CEO Gracy Chen emphasized Bitget’s commitment to building a robust platform, particularly during challenging bear markets. Presently, Bitget offers more than 900 listed tokens and maintains a daily trading volume exceeding $10 billion. The exchange attributes its success to the trust and credibility it has cultivated by ensuring transparency and security.
Over the past year, Bitget’s user base has expanded from 20 million to an impressive 45 million, reflecting the growing demand for reliable and accessible crypto trading services. This remarkable growth further cements the exchange’s reputation as a leading player in the industry.
Bitget Climbs to Top 3 in Global Crypto Futures Trading
As the global crypto market continues its recovery, Bitget has firmly established itself as one of the top three platforms for futures trading, overtaking the OKX exchange to secure its position. This achievement is largely attributed to Bitget’s strategic focus on enhancing futures trading, liquidity, and user experience. The exchange has seen a significant influx of both institutional and retail users, drawn by its consistent delivery of a seamless trading experience.
Bitget credits its success in the global derivatives market to the rising popularity of futures trading and the increasing convergence of decentralized finance (DeFi) with centralized finance (CeFi). This integration has broadened the appeal of Bitget’s offerings, attracting a diverse range of traders and investors.
Bitget Relaunches UK Platform with Expanded Offerings
In a recent move to strengthen its presence in the UK market, Bitget has officially relaunched its UK website. This relaunch provides British users with access to over 150 tokens for trading, showcasing Bitget’s dedication to offering a wide array of options for UK crypto investors. The exchange continues to enhance its services to meet the diverse needs of its global user base.
The native BGB token of Bitget is currently trading at $1.44, marking a gain of over 1% in the last 24 hours. This positive performance reflects the growing confidence in Bitget’s platform and its expanding influence in the crypto trading landscape.
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