Altcoin
Bitget Records Landmark Trading Volume, BGB Price Jumps 22%
Crypto exchange Bitget has reached a new milestone as the crypto market cap surpassed $3 trillion, achieving third position in futures trading volumes globally. The exchange saw its derivatives trading volume, open interest, and daily active traders hit a new all-time high. BGB token price extends rally to 22% in a week.
Bitget Saw $77 Billion in Crypto Futures Trading Volumes
As per a press release on November 13, Bitget revealed that it hits all-time-high trading volumes, open interest, and daily active users. The crypto exchange’s daily trading volume surged to over $10 billion and futures trading volume climbed to $77 billion.
Overall, the crypto market saw a 1.7% increase in total derivatives trading volume to $1.51 trillion during the ‘Trump trade’, according to Coingecko’s latest report. Bitget as one of the top crypto exchanges has dedicated towards building a resilient platform during the recent bear markets, said CEO Gracy Chen.
“This has been possible with the trust and credibility we have built, keeping the exchange transparent and secure. Over a year, Bitget has grown from 20 million to 45 million users. It has been an incredible journey, which shows the demand for reliable and accessible crypto trading.”
ATH Season!
Bitget hit all-time highs in trading volume, open interest, and daily active traders yesterday. 🚀
Most metrics doubled compared to the previous peak. Just the beginning! 🦾#BUIDL pic.twitter.com/EGGtRef0R6
— Gracy Chen @Bitget (@GracyBitget) November 13, 2024
The exchange has expanded its user base by focusing on providing better futures trading, focus on liquidity and user experience. In addition, the exchange saw a massive increase in institutional and retail users by consistently delivering a seamless trading experience.
BGB Token Price Rallied 22%
On Tuesday, Bitget announced the relaunch of its platform in the UK, offering over 150 crypto tokens. The re-launch aligns with the UK Financial Conduct Authority’s (FCA) Financial Promotions Regime. Last week, the exchange also introduced the “Pitch n Slay” initiative under its Blockchain4Her program to support women entrepreneurs in Web3.
The crypto market cap surpassed $3 trillion after the re-election of Donald Trump as president. Trump’s nomination of crypto-friendly candidates such as Elon Musk and Vivek Ramaswamy in his administration has triggered a massive rally.
Bitget’s native token BGB price jumped 3% in the last 24 hours and 22% in a week. The price is currently trading at $1.44, with a 24-hour low and high of $1.39 and $1.45, respectively. However, the trading volume saw a 34% drop in the last 24 hours.
Coingape Staff
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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