Bitget added 9,033 new elite traders in Q2.

Bitget added 9,033 new elite traders in Q2.

The Remarkable Growth of Bitget in the Blockchain Industry

Bitget, a prominent player in the blockchain industry, has recently released a Transparency Report highlighting its significant achievements in the second quarter of this year. This report not only showcases the company’s remarkable growth but also provides valuable insights into the state of the blockchain industry as a whole.

Bitget’s Increasing Market Share

One of the key highlights of the Transparency Report is Bitget’s continuous increase in market share. In the three-month period, Bitget’s market share climbed to 8.7%, representing a 1.81% increase, the second highest among the top five centralized exchanges. This growth is a testament to the platform’s popularity and its ability to attract traders.

In terms of trading volume, Bitget saw impressive numbers. Spot trading exceeded $60 billion, while futures trading surpassed $600 billion. What is particularly noteworthy is that Bitget is the only centralized exchange that experienced an increase in futures trading volume this year, following the FTX fiasco. This accomplishment further solidifies Bitget’s position as a reliable and trusted platform in the blockchain industry.

Copy Trading and the Rise of Elite Traders

Bitget’s focus on innovation and user experience has led to the introduction of copy trading, which has played a significant role in attracting new traders to the platform. In the second quarter alone, Bitget gained more than 85,000 new followers. Additionally, copy trading has helped grow the number of elite traders on the platform by an impressive 9,033 individuals.

The success of Bitget’s native token, “BGB,” has also contributed to its growth. With a trading volume of $1.3 million, an 80% increase, BGB outperformed its peers by unlocking a whopping 23% appreciation. This surge in demand is reflected in the number of BGB holders, which rose by 130% to 305,653 in just three months. These numbers demonstrate the trust and confidence traders have in Bitget and its native token.

Expansion and Global Reach

Bitget’s commitment to expansion and global reach is evident in its strategic moves during the second quarter. The company successfully registered as a Virtual Asset Service Provider (VASP) in Poland and Lithuania, allowing it to operate legally in these countries. Furthermore, Bitget expanded its presence in Turkey by launching a new website, further strengthening its foothold in the European market.

Conclusion

Bitget’s achievements in the second quarter of this year showcase its remarkable growth and success in the blockchain industry. With an increasing market share, the introduction of copy trading, and the rise of elite traders, Bitget has proven itself as a leading platform in the cryptocurrency space. As it continues to expand its global reach and innovate its services, Bitget is well-positioned to further solidify its position as a key player in the blockchain industry.

Key Achievements in Q2
– Increased market share to 8.7%
– Spot trading volume exceeded $60 billion
– Futures trading volume surpassed $600 billion
– Copy trading attracted over 85,000 new followers
– BGB token appreciated by 23% with a trading volume of $1.3 million
– Registered as a VASP in Poland and Lithuania
– Expanded presence in Turkey with a new website