On January 9th, cryptocurrency exchange Bitget released its transparency report for 2023. According to the report, the platform’s spot trading volume increased by 94%, and the number of users reached 20 million.
Bitget analysts highlighted the company’s key achievements:
- The annual trading volume amounted to $3.14 trillion, with spot trading volume at $81.6 billion, marking a 94% increase from the previous year;
- The number of users reached 20 million, with a peak of 13.6 million users per month;
- The trading volume of Bitget Token (BGB) increased by 110%, its price rose by 291% to $0.7;
- The number of tokens on the exchange increased to 600, with spot trading pairs reaching 700;
- The company invested $30 million in BitKeep and $100 million each in the EmpowerX and Web3 funds, and launched the Blockchain4Youth project with a $10 million allocation;
- The platform obtained a virtual asset service provider (VASP) license in Poland and Lithuania.
“In 2023, marked by unpredictable market pace and fluctuations, Bitget reached significant milestones. We expanded business operations and enhanced regulatory compliance measures, strengthening our position in the cryptocurrency industry. These achievements underscore our commitment to providing top-notch services and unwavering dedication to the crypto community.
We eagerly anticipate new opportunities as we continue to drive innovation in the cryptocurrency sector,” noted Bitget’s Managing Director, Gracy Chen.
Bitget is a cryptocurrency exchange and Web3 company founded in 2018. The platform offers spot and futures trading services, margin lending, and an NFT marketplace.
Previously, Bitget invested in Morph, a layer-two solution for scaling the Ethereum network.