Bitget Sees Trading Volume Double in First Quarter

The trading volume on the spot and futures markets of the cryptocurrency exchange Bitget increased by 100% and 146% respectively in the first quarter of 2024, while the value of Bitget Token (BGB) rose by more than 80%. This was reported in the exchange’s report.

Since the beginning of the year, Bitget has listed 186 new crypto assets and distributed tokens for seven projects through its Launchpool platform. The platform’s user base has exceeded 25 million, and BGB reached an all-time high of $1.15.

Additionally, Bitget launched the Blockchain4Her ambassador program and celebrated the second year of its partnership with footballer Lionel Messi.

In response to market activity, the exchange eliminated fees on BTC/USDT and ETH/USDT pairs until May 20.

“The first quarter of 2024 saw numerous significant events, including the approval of a Bitcoin ETF and a new all-time high. The report data also indicates impressive growth for Bitget. This year, we will double our efforts to expand offerings in the spot markets. 

We aim not only to strengthen our market position but also to make a substantial contribution to the development of the cryptocurrency ecosystem by supporting startups with great potential,” commented Bitget Managing Director Gracy Chen.

The platform also announced the appointment of Vugar Usi Zade and Elvin Khan as Chief Operating Officers of Bitget and Bitget Wallet, respectively. According to Gracy Chen, they bring extensive experience and strategic vision, which will contribute to the global growth and innovation of the exchange’s ecosystem.

Bitget is a cryptocurrency exchange that has been operating since 2018, offering services in spot and futures trading, as well as margin lending.

Earlier, ForkLog published an interview with Bitget COO Vugar Usi Zade about expansion into the CIS and Ukraine markets, marketing activities, and the main directions of the exchange’s development.