Bitget, one of the largest cryptocurrency exchanges and Web3 company, unveiled its Q1 2024 Transparency Report, showcasing the ecosystem's accomplishments and growth over the past three months. Compared to previous quarters, Bitget saw transaction volumes in both spot and futures trading increase by 100%, causing the platform's BGB token to grow by more than 80% in the first quarter.
Basic indicators:
-
Bitget serves 25 million users worldwide, futures trading volume grew 146% to $1.4 trillion, and the spot market grew 113% to $160 billion in the first quarter of 2024.
-
The largest increase in the derivatives market share was observed at Bitget: in March the figure increased by 2.4%.
-
Price BGB surpassed the $1 mark, over the year the value of the token increased by 434%. The market capitalization of the crypto asset has grown to $1.5 billion.
-
In the first quarter, Bitget listed 186 new tokens and 7 Launchpool projects.
-
Bitget launched Blockchain4Her initiative with a budget of $10 million.
-
Bitget celebrated the second year of its partnership with world-famous football player Lionel Messi with a new film dedicated to the athlete's career.
Bitget has added 186 new tokens to the listing, expanding its pool to over 750 tokens and 820 spot trading pairs. Some crypto assets, such as XAI, GPT and PIXEL, have seen growth of over 3000%. Bitget also launched zero commission trading campaign on BTC and ETH for spot trading pairs with USDT.
The crypto exchange organized fundraising events for Club Caacupé, a non-profit organization dedicated to youth development and celebrating its second year of collaboration with Lionel Messi.
Additionally, Bitget announced the appointment of Vugar Usi Zadeh and Alvin Kahn as Chief Operating Officers of Bitget and Bitget Wallet, respectively, who will drive global growth and innovation within their ecosystem with extensive experience and strategic vision.
“The first quarter of 2024 saw many significant market developments, including the approval of Bitcoin spot ETFs and BTC reaching a new all-time high. In the midst of these major industry developments, we are pleased to present our Bitget Transparency Report, which 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 to not only strengthen our position in the market, but also make a huge contribution to the development of the cryptocurrency ecosystem by supporting startups with high growth potential,” said Bitget Managing Director Gracie Chen.
The full Bitget Q1 2024 report is available at official website exchanges.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
