Bitget 2023 Annual Report: Significant Surge in Spot Trading by 94%, BGB Trading Volume Skyrockets by 110%
Leading global cryptocurrency exchange and Web3 company, Bitget, has released its “2023 Bitget Transparency Report.” Despite the volatility and disruptions in the cryptocurrency market over the past year, Bitget has demonstrated impressive resilience and growth. In 2023, the platform witnessed a staggering 94% increase in spot trading volume and a significant 110% increase in BGB trading volume.
Highlights of Bitget’s performance include:
– Despite market challenges, Bitget achieved a total trading volume of $3.14 trillion throughout the year, with spot trading volume increasing by 94% compared to the previous year.
– The price of Bitget’s token (BGB) increased by 291%, while trading volume grew by 110%, reaching ATH levels seven times last year.
– Strategic investments were made, including a $30 million investment in BitKeep, the establishment of the EmpowerX Fund and Web3 Fund with investments of $100 million each, aimed at expanding the ecosystem.
– The launch of the Blockchain4Youth project globally, with a commitment of $10 million.
– Registration as a Virtual Asset Service Provider (VASP) in Poland and Lithuania.
The report reveals that Bitget’s total trading volume exceeded $3.14 trillion, showcasing robust development. Notably, spot trading volume reached $81.6 billion, achieving an impressive growth of 94% even in turbulent market conditions. Bitget’s user base has also seen rapid growth, reaching 20 million users with the support of a professional team of 1,500 employees. In May 2023, the platform reached a peak monthly visitation of 13.6 million.
Furthermore, the platform’s proactive listing strategy added 355 new tokens, representing a 46% year-on-year increase. Currently, Bitget offers trading for over 600 tokens and 700 spot trading pairs, demonstrating its commitment to asset diversity.
BGB, Bitget’s native token, has experienced significant growth, reaching a price of $0.70499, a historic high and a 291% increase compared to the beginning of 2023. By the end of 2023, the number of BGB holders had increased to nearly 217,000, and trading volume had significantly risen. This can be attributed to the introduction of new features by Bitget, the development of Launchpad and Launchpool, compliance achievements, and the platform’s relentless efforts to enhance trading services and the ecosystem.
Gracy Chen, Managing Director of Bitget, stated, “In 2023, amidst the unpredictable pace and market fluctuations, Bitget has achieved significant milestones. We are pleased to announce the ‘Bitget Transparency Report,’ which highlights the substantial growth of our user base and global trading volume. Additionally, we have expanded our business operations, strengthened compliance measures, and consolidated our position in the cryptocurrency industry. These achievements symbolize our commitment to providing top-notch services and our unwavering dedication to the cryptocurrency community. Bitget looks forward to future opportunities and will continue to drive innovation in the cryptocurrency field.”
BGB
Bitget
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