Bitget Leads Market Surge with 28% Growth in Derivative Trading Volume in Jan 2024 Bitget Monthly Report

News release by Bitget

Victoria, Seychelles | February 15, 2024 05:09 AM Eastern Standard Time

Bitget, the world's leading cryptocurrency exchange and Web3 company, published its Monthly Report of Jan 2024 today, stating the emergence of derivative trading volume growth in January, surpassing the market by an impressive 28%. Amidst a market growth of 1.3%, Bitget's derivative trading volume soared, reinforcing its position as the top performer in the industry in the latest data published by WuBlockchain. Additionally, the platform experienced a remarkable 9.4% growth in spot trading volume, outpacing the market's 2.6% increase.

The report also highlights additional industry-leading achievements, with copy traders on Bitget generating over $15 million in profits from more than 2.2 million profitable trades in the same month, further reinforcing Bitget's status as the leading copy trading cryptocurrency exchange. In January, the platform attracted 4,400 elite traders and gained over 26,990 new followers eager to explore the cryptocurrency trading space.

As Bitget continues to redefine the cryptocurrency exchange landscape with its groundbreaking Monthly Report, the broader context of the UK market offers an intriguing backdrop to these achievements. With Bitcoin reaching new all-time highs for this quarter, and the markets rallying with unprecedented enthusiasm, Bitget's native token BGB is not left behind, soaring to new all-time highs of $0.73. This bullish sentiment underscores a growing confidence in cryptocurrency's role in the global financial ecosystem, despite the lingering uncertainty in the UK surrounding cryptocurrency regulation and acceptance.

In the UK, where the financial market is traditionally conservative, the rapid ascent of cryptocurrencies and platforms like Bitget signals a pivotal shift. Bitget's remarkable 28% surge in derivative trading volume over January, far surpassing the market's growth, is a testament to the platform's innovative approach and robust performance. This is particularly notable in a market that is cautiously optimistic about cryptocurrency's potential to revolutionize traditional financial paradigms.

As the platform continues to outpace market growth, attract thousands of new followers, and empower female entrepreneurs through its Blockchain4Her initiative, committing $10 million to foster gender diversity and inclusivity within the blockchain industry. The significant migration of banking sector employees to the crypto industry, as highlighted in Bitget's insights, further indicates a broader trend of financial professionals betting on the future of digital assets.

Bitget's efforts to bridge the gap in gender diversity within the blockchain industry, coupled with its strategic #MakeItCount 2024 partnership with football legend Lionel Messi, reflect a commitment to not just financial innovation but social impact. The platform's addition of 52 new digital assets and its leadership in copy trading are indicative of its forward-looking stance, poised to cater to a diverse and growing global audience.

As the UK market grapples with its stance on cryptocurrency, Bitget's accomplishments offer a vision of what's possible when innovation, inclusivity, and strategic partnerships merge. The platform's trajectory is not just a reflection of the current bullish trends in the cryptocurrency markets but a bold statement on the future of finance, where diversity, technological innovation, and global connectivity pave the way for a new era of economic empowerment and market growth.

Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.

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Contact Details

Bitget

Sylvia Huang

media@bitget.com