Nikolas Sargeant
Global, July 17, 2024 – Bitget, a leading cryptocurrency exchange, has shown remarkable growth according to CCData's 2024 H2 Outlook Report. The report highlights a shift in the crypto landscape, with Bitget experiencing the highest market share increase of 38.4%, outpacing competitors Crypto.com and Bybit.
Following the approval of BTC and ETH ETFs, open interest on derivatives exchanges rose 30.5% to $55.2 billion in May. Bitget surpassed major exchanges with a 39.2% increase in open interests, compared to Binance's 33.2% and OKX's 22.1%.
Gracy Chen, CEO of Bitget, attributes this growth to strong community support and anticipates continued expansion. Bitget's Q2 2024 transparency report shows a 50% rise in traffic, with significant growth in CIS, Latin America, and South Asia regions.
The exchange's proof-of-reserves indicates substantial capital inflow, with user holdings in BTC, USDT, and ETH increasing by 73%, 80%, and 153%, respectively, over six months. In June, Bitget recorded the highest capital inflow among major exchanges at $1.3 billion.
Additionally, Forbes recently ranked Bitget Token (BGB) among the top 10 best-performing tokens in 2024, with a 100% surge in the first half of the year.
