Victoria, Seychelles, October 20th, 2023, Chainwire
Bitget, a top crypto derivatives and copy trading platform, has released its Transparency Report for Q3 of 2023. The report highlights the platform’s performance during a challenging market period and the growth of its native token, BGB.
The overall industry faced a decline in the market. According to CCData’s report, the spot trading volume on centralized exchanges dropped by 22% and the derivative trading volume decreased by 23%. Bitget, however, recorded one of the highest increases in market share, rising to 9.43%.
The platform’s native token BGB became one of the Top 5 platform tokens by market cap. The price of BGB rose from US$0.18 at the beginning of the year to a quarterly high of US$0.4927 in September. The number of BGB holders increased to 354,472 in Q3, while the volume of BGB traded reached over US$1.3 billion.
“The exceptional performance of BGB reflects Bitget’s strong commitment to accelerating crypto adoption with its DeFi and CeFi products in the ecosystem,” said Gracy Chen, Managing Director at Bitget.
Bitget’s Protection Fund consistently exceeded US$300 million during the past quarter. The platform partnered with multiple industry stakeholders to bring simplicity and convenience to crypto tax reporting, portfolio management, and trading automation.
In Q3, Bitget unveiled its expansion plans into the Middle East region and launched the US$100 million EmpowerX Fund to support the development of its Web3 ecosystem. The platform also celebrated its fifth anniversary with the EmpowerX Summit in Singapore.
Bitget is committed to establishing industry gold standards for transparency and trustworthiness. With its quarterly reports, the platform aims to continue leading innovation and creating a more equitable future for all.
About Bitget
Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the exchange is dedicated to providing innovative and secure trading solutions. Bitget Wallet is a decentralized multi-chain digital wallet supporting 250,000+ cryptocurrencies across 90+ chains.
For more information, visit: [email protected]
Contact
Global PR Manager
Rachel Cheung
Bitget
[email protected]
