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Bitget report: derivatives trading volume on crypto exchange increased by 28%

As per a recent Bitget report from January, the crypto market’s growth has resulted in a remarkable increase in both derivatives trading and spot trading volumes on the crypto exchange.

During a market surge of 1.3%, Bitget experienced a significant surge of 28% in derivatives trading volume over the past month. Moreover, the platform witnessed substantial growth in spot trading volume, surpassing the market’s 2.6% growth with an impressive 9.4%.

According to the report, copy traders on Bitget amassed more than $15 million in profits from over 2.2 million profitable trades last month. The platform attracted 4,400 elite traders in January and gained over 26,990 new subscribers during that period.

In a previous study conducted by Bitget, it was discovered that there exists a gender funding gap in the blockchain startup ecosystem. From Q1 2022 to Q3 2023, women-led startups received a mere 6.34% of the total funding. Despite a decline in the number of women-led startups since the beginning of 2022, their market share slightly increased from 8.3% in 2022 to 8.6% in Q3 2023.

To address this issue, Bitget launched the Blockchain4Her initiative, which has allocated $10 million in Q3 2023 to support gender diversity and inclusion in the blockchain industry. The initiative was introduced at the Web3 Hub event in Davos during the World Economic Forum in 2024 and aims to empower women entrepreneurs through various programs, competitions, and awards.

Bitget recently marked its second year of collaboration with football legend Lionel Messi by unveiling a special film titled #MakeItCount 2024. This campaign seeks to inspire both the cryptocurrency and football communities by highlighting Messi’s remarkable journey from adversity to greatness. It encourages individuals to overcome obstacles and seize opportunities, transforming them into paths leading to success.

Furthermore, the Bitget platform provided insights into the employment sector, revealing a noticeable migration of banking sector employees into the crypto industry. Around a third of cryptocurrency applicants originate from traditional banks, indicating a growing interest in working within the cryptocurrency sector driven by higher salaries and technological innovation. To ensure access to high-potential tokens, Bitget has also introduced 52 new digital assets on its platform.