Following the crypto market surge, Bitget reaches all-time highs (ATH) in trading volumes, open interest, and daily active users, securing the 3rd spot globally in futures trading on Coingecko.
What’s the significance: The surge in trading activity shows strong market confidence and highlights crypto derivatives as a popular choice for many traders.
Key details:
- Bitget’s trading volume reached ATHs with $2.84 trillion trillion in derivatives trading.
- The firm credited the significant growth in futures trading to increased demand and platform scalability.
- Accordingly, Bitget now ranks #3 in global futures trading, following Binance and Bybit.
CoinGecko Top Derivative Exchanges Ranked by Open Interest and Trade Volume:
- As of writing, data from CoinGecko, shows that Bitget ranks third globally for futures trading, with a 24-hour open interest of ₱826.61 billion and a trading volume of ₱2.84 trillion.
- Binance holds the top spot with ₱1.51 trillion in open interest and ₱6.83 trillion in volume, followed by Bybit with ₱1.09 trillion in open interest and ₱2.96 trillion in volume.
- OrangeX and BYDFi follow in fourth and fifth places, respectively.
Key quote:
“The ATH numbers at Bitget is a strong milestone which we have achieved with the help of a 1500-strong workforce. Our constant focus and dedication to building a resilient platform during bear markets, allows us to flourish as the market rebounds. By focusing on regulatory compliance and acquiring licenses worldwide, Bitget is now taking over its predecessors.”
Gracy Chen, CEO, Bitget
Chen added that the company’s growth is due to the trust and credibility gained from a transparent and secure exchange. She highlighted Bitget’s dedication to offering top crypto products by combining CeFi and DeFi in its ecosystem.
The numbers: Platform achievements over the past year (between November 2023 and November 2024):
- Bitget’s user base grew from 20 million to 45 million in one year.
- Employee count increased by 6.7% to meet operational demands.
- User diversity expanded to over 200 regions, doubling the previous count.
- Pro traders grew from 120,000 to 190,000.
Worth reading: Recently, Bitget Wallet Lite, a multi-chain wallet integrated into Telegram, gained over 6 million users since its soft launch on October 28, 2024.
This article is published on BitPinas: Bitget Hits ATH in Trading Volume, 3rd in Futures Trading
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