Bitget says it made a bunch of notable achievements in the second quarter of this year – a few of which it underscored in a Transparency Report on Tuesday.
Bitget continued to increase market share in Q2
According to the quarterly update, its market share climbed further in the three-month period to 8.7%.
That translates to a 1.81% increase – second highest among the top five centralised exchanges. Spot trading exceeded $60 billion in terms of volume while futures trading surpassed $600 billion.
Bitget is the only CEX that saw an increase in futures trading volume this year following the FTX fiasco, as per Nansen – a blockchain analytics platform.
These disclosures arrive just days after the Seychelles-based company launched “Crypto Loans” to debut in lending (find out more).
Copy trading helped add new elite traders
Bitget increased its followers by more than 85,000 in the second quarter. Copy trading, it added, helped grow the number of elite traders on the platform by 9,033 as well.
“BGB” – its native token outperformed peers unlocking a whopping 23% as trading volume hit $1.3 million – an 80% increase. The Transparency Report also reads:
Demand for BGB has been on the rise, with the number of BGB holders rising by 130% to 305,653 in three months.
Bitget remained committed to expansion in the second quarter and successfully registered as a VASP in Poland and Lithuania. It also entered Turkey in Q2 with a new website.