Crypto derivatives exchange Bitget published report for the first quarter of 2023. During this time, the trading volumes of the platform increased by 27%, and the price of the ecosystem utility token increased by 120%. This was reported on the Bitget blog.
The main achievements of the crypto exchange in Q1 2023 compared to the previous quarter were:
- site visited 33.1 million people – 35% more;
- users reached the total futures trading volume in $658 billion — 27% more;
- BGB token has risen in price to a historical maximum – by 120% in three months. The price at the peak reached $0.478, and the number of holders increased by 146% to 229,732 people;
- Bitget expanded staff by 30% to 1300 employees and opened several hundred more vacancies;
- the number of exchange subscribers in social networks grew by 181% and reached 1 million.
During this period, Bitget launched three new products: index futures, Fund Custody Service for holding funds in dedicated wallets, and copy trading in the spot market. The latter helped attract 100,000 new users who earned $41 million in two months.
According to the latest Proof-of-Reserve audit, Bitget’s reserve ratio rose from 224% in December 2022 to 246% in April 2023. The recovery of the price of bitcoin allowed to increase the insurance fund from $300 million to $380 million.
The crypto exchange became the majority shareholder of the BitKeep wallet and entered into partnerships with DeFi projects and blockchain data providers like Nansen and Coin360. The platform also resumed cooperation with FC Juventus and began sponsoring the club’s women’s team.
bitget is a cryptocurrency exchange that supports spot and futures trading, copy trading, P2P and OTC transactions. The platform develops the concept of social trading with its own service for publishing trading ideas Bitget Insights and copy trading in the futures and spot markets. The exchange serves more than eight million users from all over the world.
Earlier, Bitget launched a new referral program. The exchange will charge up to 9000 USDT for inviting friends.
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Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
Crypto derivatives exchange Bitget published report for the first quarter of 2023. During this time, the trading volumes of the platform increased by 27%, and the price of the ecosystem utility token increased by 120%. This was reported on the Bitget blog.
The main achievements of the crypto exchange in Q1 2023 compared to the previous quarter were:
- site visited 33.1 million people – 35% more;
- users reached the total futures trading volume in $658 billion — 27% more;
- BGB token has risen in price to a historical maximum – by 120% in three months. The price at the peak reached $0.478, and the number of holders increased by 146% to 229,732 people;
- Bitget expanded staff by 30% to 1300 employees and opened several hundred more vacancies;
- the number of exchange subscribers in social networks grew by 181% and reached 1 million.
During this period, Bitget launched three new products: index futures, Fund Custody Service for holding funds in dedicated wallets, and copy trading in the spot market. The latter helped attract 100,000 new users who earned $41 million in two months.
According to the latest Proof-of-Reserve audit, Bitget’s reserve ratio rose from 224% in December 2022 to 246% in April 2023. The recovery of the price of bitcoin allowed to increase the insurance fund from $300 million to $380 million.
The crypto exchange became the majority shareholder of the BitKeep wallet and entered into partnerships with DeFi projects and blockchain data providers like Nansen and Coin360. The platform also resumed cooperation with FC Juventus and began sponsoring the club’s women’s team.
bitget is a cryptocurrency exchange that supports spot and futures trading, copy trading, P2P and OTC transactions. The platform develops the concept of social trading with its own service for publishing trading ideas Bitget Insights and copy trading in the futures and spot markets. The exchange serves more than eight million users from all over the world.
Earlier, Bitget launched a new referral program. The exchange will charge up to 9000 USDT for inviting friends.
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Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
