Bitget’s User Base Soars to 25 Million amid Crypto Boom

The rise of Bitcoin (BTC) to historical highs has led the cryptocurrency exchange Bitget to increase its number of clients to over 25 million and achieve a significant jump in spot and futures volumes in February.

Bitget’s User Base Surges to 25 Million amid Crypto Market Boom

Just three months ago, Bitget boasted its 2023 results, in which it increased its client base from 8 to 20 million and nearly doubled its trading volumes. Given that the beginning of 2024 has brought a dynamic increase in the broad cryptocurrency market, and these have continued to attract the interest of retail investors, Bitget added another 5 million investors in the first two months. As a result, the exchange surpassed the milestone of 25 million clients.

"This milestone, coupled with our strategic expansions and innovations underscores our commitment to providing the most dynamic and secure trading environment for our users,” commented Gracy Chen, the Managing Director of Bitget.

Recent moves aimed at global expansion aided the acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of new clients. To this end, in February, the company hired Alvin Kan as the new Chief Operating Officer. It further announced plans to leverage its partnership with Leo Messi, a global football legend, more effectively to attract traders in Latin America.

Atención #Argentina 🇦🇷 #MuyPronto

⚽️El #FootballChallenge que estabas esperando.
Mantenete atento!

📍Buenos Aires #Argentina
¿Qué te gustaría que ocurra?#HacéQueCuente#MakeItCount@bitgetglobal #EventWithBitget#Staytuned pic.twitter.com/tMh4FwB8SX

— Bitget Español (@BitgetES) February 19, 2024

Bitget’s Spot and Futures Volumes Jump in February 2024

The cryptocurrency market experienced a notable uptick in momentum during February, with the total open interest in BTC and Ethereum (ETH) reaching new highs. This bullish trend was amplified by the excitement in the AI sector, particularly driven by the advancements in OpenAI's “Sora” project.

This optimism is reflected in the trading volumes of Bitget, which experienced an increase of 21% in the spot market and an uplift of 22% in the futures market, despite a reduction in trading days due to the Lunar New Year holiday. Additionally, the platform's native token, BGB, enjoyed a surge of 64%, surpassing the $1 threshold and achieving a record high of $1.15.

The company's copy trading feature additionally continued to grow, with 5,200 professional traders and over 21,260 new followers joining the platform in January. Bitget maintains its position as the leading global crypto copy-trading exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, with traders collectively sharing over 780,000 USDT and followers gaining nearly 11.4 million USDT in profits.

“The future looks incredibly bright, and we're just getting started,” Chen concluded.