The position of derivatives exchange Bitget, compared to other platforms, quickly changed after the fall of FTX. The crypto platform launched in 2018 is now one of the top 3 crypto exchanges in its field. Here’s how the exchange, which works with Lionel Messi and Italian soccer team Juventus, came to this.
Bitget’s transaction volume increased by 300%!
Bitget, the first exchange to offer spot copy-trading, has only had success lately. With its more than 8 million users in more than 100 countries, it really has the wind in its sails. Also, Gracy Chen, the company’s chief executive, recently expressed Bitget’s commitment to always surprising the community. ” We are convinced that we will continue to push the limits! “, she said in a tweet on January 19, 2023.
That said, Bitget experienced remarkable growth some time after the dramatic collapse of FTX. Crypto Derivatives Exchange Succeeded to increase its market share 2.6 times, despite the bear market. The last report TokenInsight reveals that the latter rose from 3% to 11% after the collapse of FTX.
It is obvious that Bitget owes this success to the various projects it has launched so far. These allowed him to evolve at different levels. The company was able to grow its workforce from 200 people in 2022 to more than 1,100 employees in January 2023. It also recorded 300% increase in total transaction volume.
Moreover, according to Gracy Chen, 2022 marked one of the most important years in Bitget’s history “. The company’s general manager explained: Our accomplishments for the year are nothing short of remarkable, making us a dark horse in the face of these black swan events “.
She added: ” Although some negative incidents occurred in the industry, Bitget remained stable in its growth and took the opportunity to further strengthen its capabilities “. ” We believe that 2023 will be a year full of opportunities and challenges “, she pointed out.
The multiple efforts made have allowed Bitget to propel itself into the top 3 derivatives exchanges. It is therefore today one of the most widely used platforms for trading in crypto derivatives. Also, the last 12 months of crypto winter has not dampened Bitget in its momentum of becoming a strong brand.
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