Bitget Sees User Numbers Skyrocket to 25 Million in Wake of Cryptocurrency Surge — TradingView Update

With the ascent of Bitcoin (BTC) reaching new heights, Bitget, the cryptocurrency exchange platform, has expanded its clientele to over 25 million users and witnessed a notable rise in its spot and futures trading activity in February.

Bitget Celebrates Customer Growth, Hits 25 Million Mark During Cryptocurrency Surge

Merely a quarter ago, Bitget celebrated its achievements throughout 2023, which saw its user base grow from 8 to 20 million and trading volumes nearly double. As the start of 2024 ushered in heightened activity within the wider crypto market, appealing to more individual investors, Bitget accrued an additional 5 million users within the first two months alone, thus cresting the new benchmark of 25 million patrons.

“This achievement, along with our focused growth and technological advancements, reflects our dedication to delivering the finest and most secure trading experience to our clientele,” remarked Bitget’s Managing Director, Gracy Chen.

Bitget’s quest for global presence has been bolstered by new strategic hires such as Alvin Kan, who took on the role of Chief Operating Officer in February. Moreover, the company announced intentions to optimize its association with renowned football icon Leo Messi to captivate an audience of traders in the Latin American market.

February 2024 Observes Surge in Bitget’s Spot and Futures Trading Volumes

February saw the crypto market gain remarkable traction, marked by a record-breaking open interest in Bitcoin (BTC) and Ethereum (ETH). Contributing to this upsurge was the enthusiasm surrounding AI technological progress, particularly highlighted by OpenAI’s “Sora” project.

This positive market sentiment is mirrored in Bitget’s performance, with trading activity climbing 21% in the spot domain and futures trading up by 22%, even considering the shorter trading period due to the Lunar New Year celebrations. Moreover, Bitget’s own cryptocurrency, BGB, leapt by 64%, breaching the $1 mark to hit an impressive peak of $1.15.

The exchange’s copy trading service also saw robust growth, attracting 5,200 skilled traders and welcoming more than 21,260 followers in January alone. Bitget sustains its role as a leading player in the global crypto copy-trading arena, with their traders distributing rewards exceeding 780,000 USDT, while their followers accrued profits nearing 11.4 million USDT.

“The prospects ahead are exceptionally promising, and we are just on the threshold of our journey,” concluded Chen.