Trading: Bitget ranks third worldwide

In the midst of the crypto winter, the market is bearish and volatility is at its peak. Many operators and their users are paying the price, especially because of the freezing of recordings. But despite the chaos, Bitget’s dedicated team manages to steer the barter to its destination. Despite uncertain market conditions, it continues to record extraordinary growth and generate strong and recurring cash flow.

“What does the future hold for crypto exchanges? »

A research reportWhat does the future hold for crypto exchanges?(“What the Future Holds for Crypto Exchanges”) was recently published in collaboration with the Boston Consulting Group (BCG) and Foresight Ventures. It reveals key trends in the development of the cryptocurrency exchange market, their role in shaping the Web3 economy, and offers some ideas for surviving a bear market.

The report also states that Bitget has overtaken FTX to take third place globally in derivatives trading volume. Indeed, since its global expansion in 2021, Bitget has grown rapidly, capturing 10% of total global derivatives volume, mainly due to the popularity of its flagship social trading products, including One-Click Copy Trade.

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Social trading: the future of investing?

One-Click Copy Trade has been Bitget’s flagship product since its launch in May 2020. It has broken down the barriers of traditional trading models in the cryptocurrency market to bridge the gap between professional traders and individuals. Social trading is the innovation at the heart of the Bitget project. It enables followers and traders to communicate across borders and chart their own interconnected path to financial freedom. To date, the One-Click Copy Trade program has copied over 55,000 professional traders by approximately 1.1 million followers. As the report points out, the derivatives market is dominated by offshore exchanges. Bitget is no exception as it is one of the major players in Korea thanks to its popular One-Click Copy Trade feature among traders in the country.

The company recently announced the launch of a $200 million Bitget Protection Fund as part of its ongoing efforts to ensure the security and protection of its users’ assets. The Bitget Protection Fund ensures unparalleled security and a safe trading experience for all Bitget users around the world. The fund will therefore be used to protect them and the Bitget exchange platform, while helping to open a new era of security and protection in the world of cryptocurrencies.

Bitget CEO Gracy Chen said: “We are extremely proud of how far Bitget has come. The fact that we can catch up with some of the major players in the market is a testament to the dedicated contribution of the Bitget family. At the beginning of 2021 we had a small team of 150 people and since then we have tripled our headcount by mid-2022. To cope with booming growth, we recently announced the acceleration of our recruitment plan. As we continue to develop our product and service offerings, we have also ensured that our users have a secure trading experience. We look forward to many more milestones in the years to come, with the support of our trusted traders and partners around the world.»

If you want to learn more about Bitget and its social trading offerings, you can follow them on their website and on social media: TwitterTelegram, Instagram.

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