By ZyCrypto - 4 months ago - Reading Time: 2 minutes
Bitget Report 2023 Highlights 94% Surge in Spot Trading And a 110% Spike in BGB Volume
Today, Bitget, the top Web3 firm and cryptocurrency exchange, released its Bitget Transparency Report 2023. In the last year, the cryptocurrency market has seen ups and downs, but Bitget has shown remarkable growth and durability. The platform saw a notable 110% growth in BGB trading volume and a 94% increase in spot trading volume in 2023.
Business Performance Highlights:
Despite market challenges, Bitget’s overall yearly trading volume reached $3.14 trillion as year-on-year spot trading volume surged by 94%. Bitget Token (BGB) saw exceptional growth of 291% in price and a 110% increase in trading volume, with prices breaking out of the ATH level multiple times last year. Made strategic investments, including a $30 million investment in BitKeep, and established the EmpowerX Fund and Web3 Fund with $100 million capital each to expand the ecosystem. Launched Blockchain4Youth project worldwide with $10 million allocated funding. Registered as a Virtual Asset Service Provider (VASP) in Poland and Lithuania.The research claims that Bitget flourished, with a total trading volume of more than US$3.14 trillion. Despite market volatility, spot trading volume impressively increased by 94% to US$81.6 billion. With the help of a committed team of 1,500 employees, Bitget’s user base grew to 20 million. In May 2023, the site saw a peak of 13.6 million monthly visits.
In addition, 355 new listings were added as a result of the platform’s proactive listing approach, representing an amazing 46% growth over the previous year. As a result, Bitget’s offers have expanded to include more than 600 tokens and 700 spot trading pairs, demonstrating our dedication to a wide range of assets.
Gracy Chen, Managing Director of Bitget, states: “In 2023, marked by its unpredictable pace and market fluctuations, Bitget achieved notable milestones. We are pleased to unveil our Bitget Transparency Report, which highlights significant growth in both our user base and trading volume to the world. Additionally, we expanded our business operations and fortified our compliance measures, solidifying our position in the cryptocurrency industry. These accomplishments underscore our commitment to providing top-notch services and our unwavering dedication to the crypto community. We look forward to the opportunities that lie ahead as we persist in driving innovation within the cryptocurrency space.”
Bitget’s native token, BGB, saw tremendous growth as a result of this expansion and reached a record-breaking all-time high price of 0.70499 USD, a phenomenal 291% rise from its value at the beginning of 2023. Bitget’s continuous efforts to improve its trading services and ecosystem, along with the introduction of new features and advancements in launchpad and launchpool, have all contributed to the significant increase in trading volume and the surge in BGB holders, which is expected to reach nearly 217,000 by the end of 2023.
Original source: ZyCrypto