Bitget Marks 2023 Finish with 94% Bounce in Spot Volumes


The Bitcoin
market left behind a really lengthy crypto winter in 2023, permitting firms within the
business to proceed their dynamic improvement. Amongst them was Bitget, the
crypto alternate that celebrated its fifth anniversary and expanded
considerably throughout a number of key metrics.

Gracy Chen,
the Managing Director of Bitget, printed an open letter through which she
summarized the rise in spot volumes, employment progress, and the acquisition
of a document variety of purchasers, in addition to outlined the alternate’s plans for
2024.

Though
Bitget initially centered on crypto derivatives, the corporate reopened its spot
markets in 2021. This strategic transfer paid dividends in 2023, with spot buying and selling
volumes
rising 94% year-over-year.

“Although
initially centered on futures merchandise, we reopened the spot market,” stated
Chen. “In 2023, we went all-in in spot buying and selling and our efforts have paid
off considerably.”

The rise
outpaced broader spot market progress and cemented Bitget as a significant alternate . For
instance, Bitget’s quantity at the start of the 12 months was $15.3 billion, and in
the record-breaking November 2023, it grew to nearly $30 billion.

Over the
12 months, the corporate, amongst different issues, rebranded the BitKeep pockets to Bitget
Pockets
following its acquisition. It moreover launched a swap providing, enhancing
multi-chain buying and selling capabilities. Within the second half of the 12 months, the alternate
launched a fund known as EmpowerX with a capital base of $100 million to take a position
in a spread of cryptocurrency initiatives.

Variety of Staff Grows
to 1,500

Bitget
aggressively expanded its workforce in 2023 to assist drive progress. “Bitget’s
staff has expanded from 1,100 to 1,500 workers, and the rise marks a
vital leap in our progress trajectory,” Chen famous.

The
further workers will present enhanced help throughout Bitget’s operations,
particularly for the fast-growing spot markets. The hiring spree contrasts with
main layoffs at crypto corporations in the course of the latest crypto winter.

In 2023,
employment cuts within the cryptocurrency business have been mentioned within the case of
KuCoin
, Luno, and the Winklevoss brothers’ platform, Gemini.

Bitget’s Consumer Base Doubles
to twenty Million

Bitget additional noticed its consumer base greater than double from 8 million to twenty million in 2023. Amongst
the brand new customers, youthful individuals, notably these from Technology Z, are
predominant. Bitget talked about the recognition of cryptocurrencies amongst this age
group in considered one of its studies in the midst of final 12 months.

“We have
taken substantial measures to raise our customer support, firmly reaffirming
our dedication to delivering superior help with a user-centric
strategy,” defined Chen. “In 2023, now we have engaged with and
assisted 600,000 customers by means of our on-line customer support.”

Supply: Bitget

The inflow
of latest customers was an extra issue that helped drive elevated spot buying and selling
volumes on Bitget’s platform.

Poised for Additional
Enlargement

With a visual
progress throughout key areas in 2023, Bitget appears poised for even stronger
enlargement going ahead. The corporate plans to proceed rising its
workforce, enhancing its product choices, and increasing into new markets in
2024.

“Collectively
with our customers, we are going to proceed to construct the world’s largest crypto copy
buying and selling neighborhood, leveraging new applied sciences like AI to assist the neighborhood
commerce smarter as an entire,” Chen concluded.

If 2023 is
any indication, Bitget has a method that would cement its place as considered one of
the main world cryptocurrency exchanges.

The Bitcoin
market left behind a really lengthy crypto winter in 2023, permitting firms within the
business to proceed their dynamic improvement. Amongst them was Bitget, the
crypto alternate that celebrated its fifth anniversary and expanded
considerably throughout a number of key metrics.

Gracy Chen,
the Managing Director of Bitget, printed an open letter through which she
summarized the rise in spot volumes, employment progress, and the acquisition
of a document variety of purchasers, in addition to outlined the alternate’s plans for
2024.

Though
Bitget initially centered on crypto derivatives, the corporate reopened its spot
markets in 2021. This strategic transfer paid dividends in 2023, with spot buying and selling
volumes
rising 94% year-over-year.

“Although
initially centered on futures merchandise, we reopened the spot market,” stated
Chen. “In 2023, we went all-in in spot buying and selling and our efforts have paid
off considerably.”

The rise
outpaced broader spot market progress and cemented Bitget as a significant alternate . For
instance, Bitget’s quantity at the start of the 12 months was $15.3 billion, and in
the record-breaking November 2023, it grew to nearly $30 billion.

Over the
12 months, the corporate, amongst different issues, rebranded the BitKeep pockets to Bitget
Pockets
following its acquisition. It moreover launched a swap providing, enhancing
multi-chain buying and selling capabilities. Within the second half of the 12 months, the alternate
launched a fund known as EmpowerX with a capital base of $100 million to take a position
in a spread of cryptocurrency initiatives.

Variety of Staff Grows
to 1,500

Bitget
aggressively expanded its workforce in 2023 to assist drive progress. “Bitget’s
staff has expanded from 1,100 to 1,500 workers, and the rise marks a
vital leap in our progress trajectory,” Chen famous.

The
further workers will present enhanced help throughout Bitget’s operations,
particularly for the fast-growing spot markets. The hiring spree contrasts with
main layoffs at crypto corporations in the course of the latest crypto winter.

In 2023,
employment cuts within the cryptocurrency business have been mentioned within the case of
KuCoin
, Luno, and the Winklevoss brothers’ platform, Gemini.

Bitget’s Consumer Base Doubles
to twenty Million

Bitget additional noticed its consumer base greater than double from 8 million to twenty million in 2023. Amongst
the brand new customers, youthful individuals, notably these from Technology Z, are
predominant. Bitget talked about the recognition of cryptocurrencies amongst this age
group in considered one of its studies in the midst of final 12 months.

“We have
taken substantial measures to raise our customer support, firmly reaffirming
our dedication to delivering superior help with a user-centric
strategy,” defined Chen. “In 2023, now we have engaged with and
assisted 600,000 customers by means of our on-line customer support.”

Supply: Bitget

The inflow
of latest customers was an extra issue that helped drive elevated spot buying and selling
volumes on Bitget’s platform.

Poised for Additional
Enlargement

With a visual
progress throughout key areas in 2023, Bitget appears poised for even stronger
enlargement going ahead. The corporate plans to proceed rising its
workforce, enhancing its product choices, and increasing into new markets in
2024.

“Collectively
with our customers, we are going to proceed to construct the world’s largest crypto copy
buying and selling neighborhood, leveraging new applied sciences like AI to assist the neighborhood
commerce smarter as an entire,” Chen concluded.

If 2023 is
any indication, Bitget has a method that would cement its place as considered one of
the main world cryptocurrency exchanges.



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