Leading global cryptocurrency exchange and Web3 company Bitget has released its “2023 Transparency Report.” Despite the volatility and breakthroughs in the cryptocurrency market over the past year, Bitget has demonstrated impressive resilience and growth. In 2023, the platform’s spot trading volume surged by 94%, and BGB trading volume saw a significant increase of 110%.
Highlights of Bitget’s performance include:
– Despite market challenges, Bitget achieved a total trading volume of 3.14 trillion US dollars, with a year-on-year increase of 94% in spot trading volume.
– The price of Bitget’s token (BGB) increased by 291%, and trading volume grew by 110%, with the price breaking the ATH level seven times last year.
– Strategic investments were made, including a $30 million investment in BitKeep, the establishment of EmpowerX Fund and Web3 Fund with a total investment of $100 million, to expand the ecosystem.
– The launch of the Blockchain4Youth project globally with a $10 million investment.
– Registration as a Virtual Asset Service Provider (VASP) in Poland and Lithuania.
The report shows that Bitget’s total trading volume exceeded 3.14 trillion US dollars, demonstrating robust development. It is worth noting that spot trading volume reached 81.6 billion US dollars, achieving an astonishing growth rate of 94% despite market turbulence. Bitget’s user base is also rapidly expanding, with a user count of 20 million supported by a professional team of 1,500 employees. In May 2023, the platform reached a peak monthly visit of 13.6 million.
Furthermore, the platform’s proactive listing strategy added 355 new coins, a year-on-year increase of 46%. Currently, Bitget’s products cover over 600 tokens and 700 spot trading pairs, showcasing the commitment to asset diversity.
BGB is Bitget’s native token, which has experienced significant growth, reaching a price of $0.70499, setting a new record high and a 291% increase compared to the price at the beginning of 2023. By the end of 2023, the number of BGB holders increased to nearly 217,000, and trading volume saw a significant rise. This can be attributed to the introduction of new features, the development of Launchpad and Launchpool, compliance achievements, and Bitget’s relentless efforts to enhance trading services and the ecosystem.
Gracy Chen, General Manager of Bitget, stated, “In 2023, amidst the unpredictable pace and market volatility, 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 business operations, strengthened compliance measures, and solidified our position in the cryptocurrency industry. These achievements symbolize our commitment to providing first-class services and our unwavering dedication to the cryptocurrency community. Bitget looks forward to future opportunities and will persistently drive innovation in the cryptocurrency field.”
BGB
Bitget
Further Reading
Bitget General Manager Gracy’s Open Letter: Three Outlooks for the Cryptocurrency World in 2024
Bitget and CV Labs to Host Davos Web3 Hub’s “Innovation Tuesday,” Gathering Global Talent to Discuss the Importance and Impact of Web3.