Bitget, one of the largest cryptocurrency exchanges and a Web3 company, has presented a transparency report for the first quarter of 2024, demonstrating the achievements and growth of the ecosystem over the past three months. Compared to previous quarters, Bitget demonstrated transaction volumes in both spot and futures trading by 100%, as a result of which the BGB platform token grew by more than 80% in the first quarter.
The main indicators are:
Bitget serves 25 million users worldwide, futures trading volume increased by 146% to $1.4 trillion, and the spot market grew by 113% to $160 billion in the first quarter of 2024.
Bitget had the largest increase in the derivatives market share: in March, the indicator increased by 2.4%.
The price of BGB has surpassed the $1 mark, and the value of the token has increased by 434% over the year. The market capitalization of the crypto asset has grown to $1.5 billion.
In the first quarter, Bitget included 186 new tokens and 7 Launchpool projects in the listing.
Bitget has launched the Blockchain4Her initiative with a budget of $10 million.
Bitget has marked the second year of partnership with the world famous footballer Lionel Messi with a new film dedicated to the athlete's career.
Bitget has added 186 new tokens to the listing, expanding its pool to more than 750 tokens and 820 spot trading pairs. Some crypto assets, such as XAI, GPT and PIXEL, have shown growth of more than 3,000%. Bitget has also launched a zero commission trading campaign on BTC and ETH for spot trading pairs with USDT.
The crypto exchange organized fundraising events for Club Caacupé, a non—profit organization dedicated to youth development and celebrating the second year of cooperation with Lionel Messi.
In addition, Bitget announced the appointment of Vugar Usi Zadeh and Alvin Kahn as Chief Operating Officers of Bitget and Bitget Wallet, respectively, who, with their extensive experience and strategic vision, will contribute to global growth and innovation in their ecosystem.
"In the first quarter of 2024, there were many significant events in the market, including the approval of spot ETFs for bitcoin and the achievement of a new historical maximum by BTC. In the midst of these major industry events, we are pleased to present our Bitget Transparency Report, which sheds light on our impressive growth, our initiatives to strengthen a sense of community, and our successes in corporate social responsibility. This year, Bitget will redouble its efforts to expand its offerings in the spot market. We strive not only to strengthen our position in the market, but also to make a huge contribution to the development of the cryptocurrency ecosystem by supporting startups with high growth potential," said Bitget Managing Director Gracie Chen.
The full Bitget Q1 2024 report is available on the official website of the exchange.