BasEx | Bitget Reports 94% Increase in Spot Trading in 2023
Bitget Reports 94% Increase in Spot Trading in 2023
16.01.2023
Bitget Reports 94% Increase in Spot Trading in 2023

On January 9th, the cryptocurrency exchange Bitget published its 2023 transparency report, highlighting significant growth in various areas of its operation. According to the report, the volume of spot trading on the platform increased by 94%, and the number of users reached 20 million.

Key Bitget metrics for 2023 include: an annual trading volume of $3.14 trillion, a spot trading volume of $81.6 billion, a 110% increase in Bitget Token (BGB) trading volume with a 291% price rise to $0.7, as well as an expansion to 600 tokens and 700 spot trading pairs.

Furthermore, the company invested significant amounts in various projects and obtained Virtual Asset Service Provider (VASP) licenses in Poland and Lithuania.

Bitget's Managing Director Gracie Chen commented: "In 2023, marked by an unpredictable market pace, Bitget achieved significant milestones. We have improved measures to comply with regulatory requirements and strengthened our positions in the cryptocurrency industry."

Chen also expressed optimism about future innovations and opportunities in the cryptocurrency sphere.

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