Bitget Expands Team and User Base
Bitget, the crypto derivatives exchange based in Seychelles, has experienced significant growth in its team and user base. The company’s workforce has increased from 1,100 to 1,500 employees, while its user base has grown from 8 million to 20 million.
Support Team Recovers Missing Assets
In an open letter, Gracy Chen, Bitget’s Managing Director, highlighted the crucial role played by the support team in recovering over 495,000 USDT in missing assets.
Growth in Spot Trading Volume and Coin Listings
Bitget saw a surge of 94% in spot trading volume during 2023, taking advantage of the market resurgence. Additionally, the exchange introduced 355 new coin listings, reflecting a 46% year-on-year increase.
Rise of BGB Token
The positive business performance of Bitget contributed to the price growth of its native token, BGB. Starting the year at $0.18, BGB reached an all-time high of $0.704 in December, marking a substantial 291% surge. This propelled BGB into the top 5 CEX platform tokens by market capitalization.
Development Strategy for Next Year
Bitget outlined its priorities for next year’s development strategy, focusing on compliance, emerging markets, and Web 3.
Rebranding and Increased Trading Volume
Following its acquisition of BitKeep, Bitget underwent a rebranding initiative and renamed BitKeep to Bitget Wallet. This move significantly boosted the exchange’s trading volume and briefly made it the fourth-largest cryptocurrency exchange by trading volume.
Partnership and EmpowerX Fund
In August, Bitget announced a one-year partnership with actor and comedian Adam Devine as part of the #SetForChange campaign. Additionally, the derivatives marketplace launched the ‘Bitget EmpowerX Fund’ to maximize its impact in the digital assets space and ecosystem.
Hot Take: Bitget’s Impressive Growth and Future Prospects
Bitget has demonstrated impressive growth in its team, user base, trading volume, and coin listings. The recovery of missing assets by the support team showcases their dedication to customer satisfaction. The rise of BGB token further solidifies Bitget’s position in the market. With a clear development strategy for the future and strategic partnerships in place, Bitget is well-positioned for continued success in the crypto industry.
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