Bitget, one of the leading crypto exchanges and Web3 companies, showcased its resilience and growth amid a volatile cryptocurrency market. The report outlined key performance indicators for the year:
-
Total annual trading volume on Bitget reached $3.14 trillion, with a 94% year-on-year increase in spot trading volume.
-
The Bitget token (BGB) witnessed a price increase of 291% and a trading volume increase of 110%. The token’s price reached historical highs seven times over the year.
-
Bitget made strategic investments, including a $30 million investment in BitKeep, as well as the establishment of the $100 million EmpowerX Fund and Web3 Fund to expand its ecosystem.
-
The exchange launched the Blockchain4Youth educational project with a $10 million budget.
-
Bitget registered as a virtual asset service provider (VASP) in Poland and Lithuania.
Bitget’s user base expanded to 20 million people over the year, supported by a team of 1,500 employees. In May 2023, the platform experienced a peak in traffic with 13.6 million visitors to the exchange website within a month.
“In 2023, amidst unpredictable market fluctuations, Bitget has achieved significant milestones. We are delighted to present the Bitget Transparency Report, showcasing remarkable growth in our user base and global trading volume. We have also expanded our business operations and enhanced compliance efforts, solidifying our position in the cryptocurrency industry. These achievements underscore our commitment to providing top-quality service and our ongoing dedication to the crypto community. We eagerly anticipate the new opportunities ahead as we continue to innovate in the cryptocurrency space,” said Gracie Chen, CEO of Bitget.
Due to a proactive advertising strategy, Bitget displayed 355 new advertisements on the platform, a 46% increase from the previous year. This expansion allowed Bitget to offer over 600 tokens and 700 spot trading pairs.
The demand for BGB, Bitget’s native token, surged throughout the year, reaching a record price of $0.70499, marking a 291% increase since the beginning of 2023. The number of BGB holders also grew, reaching 217,000 users by the end of the year. The report attributes the significant increase in token trading volume to the introduction of new features, advancements in regulatory compliance, the development of Launchpad and Launchpool services, and ongoing efforts to enhance Bitget’s trading services and ecosystem.