- Bitget has released its Q1 Transparency report.
- The exchange witnessed remarkable growth in futures and spot trading volumes.
- The BGB token printed massive gains during the same period.
Crypto exchange Bitget unveiled its Q1 2024 Transparency Report, demonstrating a range of achievements and growth over the past three months.
Besides growing its user base to 25 million people globally, Bitget saw an outstanding over 100% surge in transaction volumes for both spot and futures trading, propelling the exchangeโs native token, BGB, to an all-time high of $1.38.
Bitget Highlights Q1 Success
According to a statement shared with DailyCoin on April 11, Bitgetโs futures trading volume jumped 146% to $1.4 trillion in Q1 2024, while spot volume registered an impressive 123% growth to $160 billion during the same period.
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The exchange witnessed the highest increase in derivatives market share, marking a 2.4% growth in March., thanks to its โproactive listing strategy.โ Bitget said it introduced 186 new tokens with 7 Launchpool projects in the first quarter, expanding its offerings to over 750 tokens and 820 spot trading pairs.
Notably, some newly listed tokens on the platform, such as XAI, GPT, and PIXE, printed massive gains, surging over 3,000%.
Bitget Managing Director Gracy Chen welcomed the report, echoing the exchangeโs next steps.
โThis year, Bitget is doubling down on its commitment to enhance our spot market offerings. We aim not only to bolster our market position but also to contribute tremendously to the broader crypto ecosystem, supporting startups with high potential to grow,โ Chen stated.
In the meantime, Bitgetโs BGB token was trading at $1.32 as of press time after gaining 5.51% in the last 24 hours. Per the statement, the token has surged 434% since the start of the year, outpacing Bitcoin and emerging as a โstandout performerโ in the CEX market.
Stay updated on how Bitgetโs new Staking PoolX works:
How Bitgetโs New Staking PoolX Changes Crypto Earnings
Read about Binanceโs support for the ARC-20 token standard in its Inscription marketplace:
Binance Inscription Marketplace Enables ARC-20 Token Support
