World Crypto Global
- Written by: Damian Chmiel
- Thu, 07 Mar 2024
- Israel
The rise ofBitcoin (BTC) to historical highs has led the cryptocurrency exchange Bitget toincrease its number of clients to over 25 million and achieve a significantjump in spot and futures volumes in February.Bitgets User Base Surgesto 25 Million amid Crypto Market BoomJust threemonths ago, Bitget boasted its 2023 results, in which it increased its clientbase from 8 to 20 million and nearly doubled its trading volumes. Given thatthe beginning of 2024 has brought a dynamic increase in the broadcryptocurrency market, and these have continued to attract the interest ofretail investors, Bitget added another 5 million investors in the first twomonths. As a result, the exchange surpassed the milestone of 25 millionclients."Thismilestone, coupled with our strategic expansions and innovations underscoresour commitment to providing the most dynamic and secure trading environment forour users, commented Gracy Chen, the Managing Director of Bitget.Recent moves aimed at global expansion aided the acquisition of new clients. To this end, in February, the company hired Alvin Kan as the new Chief Operating Officer. It further announced plans to leverage its partnership with Leo Messi, a global football legend, more effectively to attract traders inLatin America.Atención #Argentina #MuyPronto El #FootballChallenge que estabas esperando. Mantenete atento!Buenos Aires #Argentina¿Qué te gustaría que ocurra?#HacéQueCuente#MakeItCount@bitgetglobal #EventWithBitget#Staytuned pic.twitter.com/tMh4FwB8SX Bitget Español (@BitgetES) February 19, 2024Bitgets Spot and FuturesVolumes Jump in February 2024Thecryptocurrency market experienced a notable uptick in momentum during February,with the total open interest in BTC and Ethereum (ETH) reaching newhighs. This bullish trend was amplified by the excitement in the AIsector, particularly driven by the advancements in OpenAI's Sora project.Thisoptimism is reflected in the trading volumes of Bitget, which experienced an increase of 21% in the spot market and an uplift of 22% in the futures market, despite areduction in trading days due to the Lunar New Year holiday. Additionally, theplatform's native token, BGB, enjoyed a surge of 64%, surpassing the $1 thresholdand achieving a record high of $1.15.Thecompany's copy trading feature additionally continued to grow, with 5,200 professionaltraders and over 21,260 new followers joining the platform in January. Bitgetmaintains its position as the leading global crypto copy-trading exchange, withtraders collectively sharing over 780,000 USDT and followers gaining nearly11.4 million USDT in profits.The futurelooks incredibly bright, and we're just getting started, Chen concluded.This article was written by Damian Chmiel at www.financemagnates.com.
