In January 2024, the cryptocurrency exchange Bitget recorded a 28% increase in trading volumes compared to the previous month, setting a record among CEX. The platform announced this in its monthly report citing data from WuBlockchain.
The overall growth of the crypto derivatives market was 1.3%. Spot trading volume on Bitget reached 9.4%, also surpassing the average for centralized exchanges of 2.6%.
In January, Bitget listed 52 projects, including AltLayer (ALT) and Xai (XAI).
“The new tokens attracted user attention and generated significant trading volumes. Xai and AltLayer showed substantial growth of 5900% and 3100% respectively,” the report states.
The crypto exchange also attracted over 4,400 elite traders and 26,990 followers to its copy trading platform. They earned 740,000 USDT and 15 million USDT respectively, executing more than 2.2 million profitable trades.
Bitget is a cryptocurrency exchange operating since 2018, serving over 20 million users in 100 countries. Its services include spot and futures trading, margin lending, and an NFT marketplace.
Previously, Bitget published a report on the use of custodial services. According to it, from November 2023 to January 2024, the volume of assets under management by Copper and Cobo grew by 250%, and deposits nearly doubled.