Bitget Hits All-time Highs in Trading Volume, Open Interest, and Daily Active Traders 

Share This Post

Bitget is back

The post Bitget Hits All-time Highs in Trading Volume, Open Interest, and Daily Active Traders  appeared first on Coinpedia Fintech News

Crypto exchange Bitget has achieved a new milestone as the crypto market cap surpassed $3 trillion. It now surged to the top 3 in global crypto futures trading! Notably, its derivatives trading volume, open interest, and daily active traders are all hitting a new all-time high. BGB token price has jumped 22% in a week.

Daily Volume Surges Over $10B

As per a press release on November 13, Bitget revealed that the exchange’s daily trading volume surged to over $10 billion and futures trading volume rose to $77 billion. Overall, the crypto market witnessed a 1.7% increase in total derivatives trading volume to $1.51 trillion during the ‘Trump trade. CEO Gracy Chen stated that Bitget as one of the top crypto exchanges has dedicated itself towards building a resilient platform during the recent bear markets. 

Currently, Bitget offers over 900 listed tokens and boasts over $10 billion in daily trading volume. The exchange noted that this was possible with the trust and credibility built, keeping the exchange transparent and secure. It also noted that in over a year, Bitget has grown from 20 million to 45 million users, which shows the demand for reliable and accessible crypto trading.

Bitget Surges to Top 3 in Global Crypto Futures Trading

As the global market continues to rebound, Bitget is now among the top three leading platforms for Futures trading. Notably, Bitget overtook the third position from the OKX exchange.

The exchange has expanded its user base by focusing on providing better futures trading, focus on liquidity, and user experience. In addition, the exchange saw a massive increase in institutional and retail users by consistently delivering a seamless trading experience.

Bitget accredits its success in the global derivatives market to the growing appeal of Futures trading and the increasing integration of decentralized finance (DeFi) with centralized finance (CeFi).

Bitget Relaunches UK Website

Just recently, Bitget officially re-launched its UK website, providing British users with access to over 150 tokens for trading, which shows the exchange’s commitment to deliver a broad range of options for UK crypto investors.

Bitget’s native token BGB is currently trading at $1.44, up over 1% in the last 24 hours. 

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Solana Surges As Momentum Resumes, Is $240 the Next Stop?

Solana (SOL) is gaining momentum once more, with bullish energy pushing it higher as it aims for the next major resistance at $240 Following recent consolidations, SOL has surged onto traders’

Coinbase Acquires Utopia Labs Team to Accelerate Onchain Payments

Coinbase is enhancing its onchain payments capabilities with the acquisition of the Utopia Labs team, which will join Base to advance the onchain payments roadmap within Coinbase Wallet Jesse Pollak,

Crypto Legal Battle: 18 States Accuse SEC Of Unconstitutional Regulatory Actions

In a significant challenge to the US Securities and Exchange Commission (SEC) and its regulatory approach toward the crypto industry, 18 states have filed a lawsuit against the agency and its

SEC facing joint lawsuit from 18 US states over ‘unconstitutional persecution’ of crypto

Attorney Generals of 18 US states have filed a joint lawsuit against the Securities and Exchange Commission (SEC), its Commissioners, and Chair Gary Gensler The lawsuit accuses the agency of

Senator Lummis Proposes Selling Fed’s Gold To Fund Strategic BTC Reserve: Bloomberg

The post Senator Lummis Proposes Selling Fed’s Gold To Fund Strategic BTC Reserve: Bloomberg appeared first on Coinpedia Fintech News According to a latest Bloomberg report, Republican Senator

New Era For Crypto Regulation? SEC Chair Gensler Suggests He May Step Down

A potential shift in crypto regulation could be in the works as the US Securities and Exchange Commission (SEC) Chairman Gary Gensler hints at a possible resignation following President-elect Donald