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.
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.
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).
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.
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