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Bitget Soars: South Asia Crypto Trading Hits $3.14T

The global powerhouse in cryptocurrency exchange and Web3 innovation, unveils its remarkable journey
February 28, 2024

Bitget, a leading player in the cryptocurrency exchange realm, has revealed staggering insights into its meteoric rise and burgeoning trading volumes. Reports unveil that Bitget soared with a total trading volume exceeding a staggering US$3.14 trillion throughout 2023. Notably, amidst market turbulence, spot trading volume surged to US$81.6 billion, showcasing an impressive 94% uptick in performance. Particularly noteworthy is the exponential growth observed in the South Asia region, with spot trading volumes skyrocketing by an astounding 540% in the final quarter of 2023.

"The remarkable surge in our spot trading volumes within South Asia reflects our steadfast commitment to fostering trust, resilience, and robust user relationships within the region. At Bitget, we prioritize security compliance, adhering rigorously to global and regional financial regulations, all while nurturing a dynamic web3 ecosystem and investing in promising blockchain startups," remarked Vugar Usi Zade, Bitget's COO.

Bitget's ascent didn't stop at trading volumes; the platform's user base flourished, reaching a formidable 20 million, backed by a dedicated workforce of 1,500 individuals. Embracing a proactive listing strategy, Bitget added 355 new listings, marking a noteworthy 46% year-on-year surge, thereby expanding its repertoire to encompass over 600 tokens and 700 spot trading pairs, reaffirming its commitment to asset diversity.

Moreover, Bitget's native token, BGB, witnessed remarkable growth, hitting a historic all-time high price of $1.2 USD this month, a staggering 300% surge from its value at the start of 2023. The surge in BGB holders, totaling nearly 217,000 by the close of 2023, alongside a significant uptick in trading volume, can be attributed to the introduction of new features, advancements in launchpad and launchpool, compliance milestones, and continual enhancements to Bitget's trading services and ecosystem.

In a pivotal move in 2023, Bitget unveiled the $100M WEB3 Fund, aimed at catalyzing the Asian blockchain startup ecosystem. Hosting over 12 meetups and events solely in South Asia, including the Build For Web3 initiative, presenting funding opportunities to Indian startups under the $10M BlockchainForYouth Fund, Bitget has cultivated robust trust and credibility within the South Asian market, garnering the support of over a million users.

In the ever-evolving landscape of cryptocurrency trading, Bitget's exponential growth and strategic initiatives underscore its position as a pivotal player, driving innovation and fostering trust across global markets.

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