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Bitget Leads Global Exchanges with $975M Inflow Amid Market Shifts and Token Surges in May

Bitget's leading status among global exchanges with $975M inflow in May, amidst market shifts and token surges
June 20, 2024

Bitget, a global leader in cryptocurrency exchanges and Web3 technologies, has marked a significant milestone in May with an impressive capital inflow of $975.4 million, the highest among all centralized exchanges worldwide. Despite a 20.1% decline in combined spot and derivatives trading volume across centralized exchanges to $5.27 trillion, Bitget has maintained resilience and demonstrated robust growth in open interest, which surged by 39.2% to $9.74 billion. This growth solidifies Bitget's position as a top derivative exchange, according to CCData's latest report.

The exceptional capital inflow into Bitget underscores its appeal and leadership in the cryptocurrency market, setting it apart as an industry frontrunner. Throughout May, Bitget also expanded its asset offerings by listing 62 new tokens, including standout performers like $TURBO, $MNTC, $CEL, $LIFEFORM, and $WOJAK, which saw remarkable gains ranging from 260% to 1430%. These additions reflect Bitget's proactive approach in responding to market demands and the potential for lucrative returns within its ecosystem.

Additionally, Bitget's PoolX platform listed 19 new tokens, attracting 120,381 participants who staked a total of 427 million USDT. Notable gains were seen in tokens such as UDS (86%) and DOGEMOB (26%), contributing to significant market cap increases for ATS (46%) and APRS (17%). The high average annual percentage rate (APR) of 10%-45% further enhances the product's appeal, driving its growing demand and success.

May was a pivotal month for Bitget, marked by strategic advancements including the appointment of Gracy Chen as the new CEO, the launch of the BWB token, and the introduction of a Signal Bot for crypto trading insights on Telegram. The Elite Trader campaign and global celebrations of Pizza Day further underscore Bitget's commitment to innovation and community engagement.

Founded in 2018, Bitget has grown to serve over 25 million users across 100+ countries and regions, providing innovative trading solutions and a world-class multi-chain crypto wallet. The platform continues to inspire individuals to embrace crypto through partnerships with renowned figures such as Lionel Messi and Turkish National athletes Buse Tosun Çavuşoğlu, Samet Gümüş, and İlkin Aydın.

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