Bitget Surpasses 20mn Users Amid Wallet Integration
Seychelles-based cryptocurrency derivatives exchange Bitget has experienced rapid growth in key metrics through the first half of 2023, owing to the integration of a recently acquired self-custodial wallet service.
Bitget is now undergoing a rebranding drive as a result of its acquisition of BitKeep, with the latter being rebranded Bitget Wallet. In 2023, the platform delivered some excellent market performance indicators, ranking as the fourth-largest cryptocurrency exchange by trading volume.
TokenInsight’s Q2 report shows that Binance dominates the market with 52% trading volume, followed by OKX (15.13%), Bybit (10.6%), and Bitget (8.1%). The company reported a spot trading volume of over $60 billion, with $606 billion in futures trading. Bitget was the only exchange to increase futures trading volumes in six months following FTX’s collapse.
(With inputs from Shikha Singh)
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