Leading crypto exchange and Web3 company Bitget is proud to announce that it has reached an all-time high in trading volume, open interest, and daily active users. The recent market uptrend has increased the activity on the platform, helping the exchange surpass major competitors to rank #3 globally for futures trading on Coingecko.
According to Coingecko’s latest report, the total derivatives trading volume has skyrocketed to $1.51 trillion, with a 1.7% increase in the last 24 hours. Bitget’s remarkable milestone in the crypto futures trading space demonstrates the growing demand and scalability of the platform. By supporting a rapidly growing user base driven by the growing interest in futures trading, Bitget’s focus on liquidity and user experience has resonated with traders, helping Bitget maintain its competitive edge in the market.
“Bitget reaching ATH is a major milestone that we have achieved with the support of 1500 employees. Our continued focus and dedication in building the platform’s recovery in a downtrend market, has allowed us to thrive when the market recovers. By focusing on regulatory compliance and acquiring licenses worldwide, Bitget is now taking over from its predecessors,” said Gracy Chen, CEO of Bitget.
“This is possible thanks to the trust and reputation we have built, keeping the exchange transparent and secure. In a little over a year, Bitget has grown from 20 million to 45 million users. It has been an incredible journey, demonstrating the need for reliable and accessible crypto trading. With this, we will continue to direct our efforts towards providing the best performing crypto products to our users, bringing CeFi and DeFi into our overall ecosystem,” she added.
Recent data indicates a twofold increase in most trading figures compared to previous ATHs, signaling a new phase of growth. Bitget’s trading volume peak is in line with the overall industry trend, as derivatives trading continues to attract the attention of both institutional and retail traders looking for effective hedging and leverage opportunities. By continuously meeting the needs of a diverse trading community, Bitget is now among the top 3 companies in the derivatives market.
From November 2023 to November 2024, Bitget experienced significant growth in several areas. The user base increased exponentially, to 45 million from 20 million, while the number of employees increased by 6.7% due to increased operational demand. The diversity of the platform also expanded significantly, to over 200 regions, an increase of 100%, while professional traders increased from 120,000 to 190,000 traders.
Bitget currently has over 900 tokens listed, a daily trading volume of over $10 billion, and a futures trading volume of over $77 billion in the last 24 hours. The exchange, with its expansion plans, is on track to exceed its projected growth for the year.
