Because of its success, Bitget has moved up the ranks of derivatives exchanges, climbing from the top 20 to position 5 on Coingecko.
Since its introduction in early May of this year, the market for digital assets on the leading cryptocurrency exchange Bitget has grown by over 200%. With more than 8 million users globally, Bitget has succeeded in securing a sizeable portion of the South Asian market, leading to a surge of retail users registering.
In comparison to other derivatives exchanges, Bitget’s performance has helped it move up the rankings, from top #20 to position #5 right now on Coingecko. Its worldwide trade volumes have increased by more than 500% (from $600 million to $5 billion).
the promotion of social trading Professional Indian traders have joined Bitget for copy-trading on the platform, allowing new entrants to the cryptocurrency market to “copy” deals to increase their exposure. The organization was able to achieve one of the greatest growth rates in 2022 because of this feature.
Bitget is a fantastic platform for both experienced users and newcomers. Numerous crypto-investors have been drawn to it as a result of its phenomenal development and improved security, according to Pushpendra Singh, an experienced trader who uses Bitget.
Members of the cryptocurrency community prefer to trust exchanges that make an attempt to give back more to the community, and Bitget does just that, he continued.
The business has been under investigation ever since the demise of large cryptocurrency firms. Bitget introduced its Proof of Reserves Page as a full-reserve exchange to assist customers to establish confidence by enabling them to instantly verify the security and safety of their assets.
Bitget’s internal development is a reflection of its expansion as well. In less than a year, the team expanded from 200 members to a workforce of over 800. Bitget introduced a number of efforts in 2022 to strengthen asset security, including a $300 million “Protection Fund” and a $5 million “Builders Fund” for FTX victims. Along with this, a significant marketing initiative featuring Messi’s brand film “Make it Count” and World Cup-themed events was launched with a giveaway of up to 1 million BGB, as well as Messi’s signed jerseys and a seed NFT collection drop.
