The ever-evolving world of cryptocurrency has witnessed another significant milestone with Bitget, a prominent crypto exchange, making substantial strides. As the overall crypto market cap surpassed an impressive $3 trillion, Bitget has secured a prestigious spot among the top three global leaders in crypto futures trading. This achievement is bolstered by notable increases in derivatives trading volume, open interest, and daily active traders, all reaching unprecedented heights. In a remarkable development, the BGB token price has surged by 22% over the past week.
Daily Trading Volume Breaks the $10 Billion Barrier
In a press release dated November 13, Bitget announced that its daily trading volume had exceeded the $10 billion mark. The futures trading volume alone soared to an extraordinary $77 billion. During this period, the overall crypto market experienced a 1.7% uptick in total derivatives trading volume, reaching $1.51 trillion during what was termed the ‘Trump trade.’ CEO Gracy Chen emphasized Bitget’s steadfast commitment to constructing a resilient platform throughout recent bear markets.
Bitget currently offers an extensive selection of over 900 listed tokens and maintains a daily trading volume surpassing $10 billion. This achievement can be attributed to the trust and credibility the platform has cultivated, underpinned by its transparent and secure operations. Over the span of a year, Bitget’s user base has expanded from 20 million to an impressive 45 million, underscoring the growing demand for reliable and accessible crypto trading.
Ascent to the Top 3 in Global Crypto Futures Trading
With the global market on a recovery trajectory, Bitget has ascended to the ranks of the top three leading platforms for futures trading. This remarkable feat saw Bitget surpassing OKX to claim the third position. The exchange’s strategic focus on enhancing futures trading, liquidity, and user experience has played a pivotal role in expanding its user base. Bitget has experienced a substantial influx of both institutional and retail users, driven by its commitment to providing a seamless trading experience.
The exchange attributes its success in the global derivatives market to the rising popularity of futures trading and the growing integration of decentralized finance (DeFi) with centralized finance (CeFi). This convergence has fueled Bitget’s impressive growth trajectory.
Revitalization of the UK Market: Bitget Relaunches UK Website
In a recent endeavor to broaden its reach, Bitget has officially re-launched its UK website, offering British users access to a diverse array of over 150 tokens for trading. This initiative reflects Bitget’s dedication to providing a wide spectrum of options for UK crypto investors.
As of now, Bitget’s native token, BGB, is trading at $1.44, marking a 1% increase in the past 24 hours. This upward trend is indicative of the exchange’s growing influence and the positive reception from the market.
Bitget’s remarkable journey to becoming one of the top players in global crypto futures trading is a testament to its innovative approach and unwavering commitment to delivering excellence. As the crypto landscape continues to evolve, Bitget remains poised for further achievements and milestones.
