VICTORIA, Seychelles, July 11,
2024 /PRNewswire/ -- Bitget, the leading cryptocurrency
exchange and Web3 company, has released the quarterly transparency
report for Q2 2024 showcasing the company's progress in the year so
far. Q2 2024, Bitget experienced a substantial increase in website
traffic, seeing a nearly 50% rise, which brought in a surge of
10M monthly visitors.
The exchange's inflow of funds increased. Data from the Bitget
Proof-of-Reserve (PoR) page indicates that in the first 6 months,
the amount of users' BTC, USDT, and ETH surged by 73%, 80%, and
153% respectively, equaling approximately $700 million in capital inflow. The growth was
complemented by the addition of 2.9 million new users to the
platform, aligning with its expanding reach and world-class crypto
trading solutions. The spot trading volume on Bitget increased by
over 10%, from $28B in Q1 to
$32B in Q2.
Bitget continued to innovate with the launch of two new initial
token listing products, PoolX and Pre-market. PoolX introduced
a new staking platform allowing users to earn tokens by staking BGB
and USDT, while Pre-market enabled trading for tokens not yet
officially listed on major exchanges. These products saw the launch
of a combined total of 100+ projects, providing more high-potential
offerings and attracting significant user participation.
In June BGB recorded tremendous growth as the best-performing
CEX token. BGB was also ranked in the Top 10 cryptocurrencies by
Forbes recently. Additionally, CCData's latest H2 Outlook Report
projected that Bitget had the largest market share growth amongst
CEXs amounting to 38.4% from H2 2023 to H1 2024, while most other
counterparts experienced a slight drop.
A major highlight of the quarter was the partnership with three
Turkish national athletes – Buse
Tosun Çavuşoğlu (Wrestling), Samet Gümüş (Boxing), and İlkin
Aydın (Volleyball) – as part of the #MakeItCount Lionel Messi
campaign. The athletes, embodying perseverance and passion
represented the campaign's essence, aiming to motivate audiences to
achieve new heights and make lasting impacts. This move was also a
part of Bitget's rapid expansion in Turkey.
In collaboration with Foresight Ventures, Bitget also launched a
$20M TON Ecosystem Fund to support
early-stage projects building on The Open Network (TON). This
initiative was to accelerate innovation and development within the
TON ecosystem, aligning with the broader goal of driving mass
adoption of crypto at Bitget.
"Q2 2024 has been a pivotal period for Bitget. Our collaboration
with Turkish athletes along with significant growth in users and
website traffic is a part of our global expansion. We appreciate
our community's support and will continue to build for the future
of Web3," said Gracy Chen, CEO of
Bitget.
The exchange continues to maintain its proof-of-reserves, with
the latest report highlighting reserve ratios well above 100% for
all major assets. Additionally, Bitget's Protection Fund, now
valued at approximately $420M+, stands as one of the largest in the
industry, providing an extra layer of security for users. In
addition to this, Bitget Research put out a report which spoke
about how deepfake crypto crimes may account for 70% of all crypto
crimes, while it's also planning to run an anti-scam campaign in
Vietnam. Along with this, Bitget
also partnered up with Sumsub to bring tighter security for its
25M users.
As Bitget looks ahead to Q3 2024, the platform remains focused
on enhancing its ecosystem, delivering value to its users, and
supporting the broader growth of the crypto industry. With
continued innovation, strategic partnerships, and strong layers of
security, Bitget closed its last quarter, reaching new positive
milestones.
To read in-depth on Bitget's Q2 performance, tap into the report
here.
About Bitget
Established in 2018, Bitget is the world's leading
cryptocurrency exchange and Web3 company. Serving over 25 million
users in 100+ countries and regions, the Bitget exchange is
committed to helping users trade smarter with its pioneering copy
trading feature and other trading solutions. Formerly known as
BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet
that offers an array of comprehensive Web3 solutions and features
including wallet functionality, swap, NFT Marketplace, DApp
browser, and more. Bitget inspires individuals to embrace crypto
through collaborations with credible partners, including legendary
Argentinian footballer Lionel Messi
and Turkish National athletes Buse
Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş
(Boxing gold medalist) and İlkin Aydın (Volleyball national
team).
For more information, visit: Website | Twitter | Telegram |
LinkedIn | Discord | Bitget Wallet
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