Bitget grows crypto derivatives trading volumes by 300% YoY

Rick Steves

Bitget was founded in July 2018 and has quickly grown to serve more than 1.8 million customers in 48 countries. The crypto exchange features one of the most successful crypto copy trading platforms.

Bitget has seen its cryptocurrency platform’s trading volume in derivatives reaching an all-time high of 8.69 billion as of 28 February 2022, up over 300% as compared to the previous year, the firm announced.

Ranked fifth globally in terms of its trading volume, according to CoinMarketCap, Bitget’s volumes have been driven by the rapid expansion across global markets. In the past 12 months, Bitget has also grown its user base from 1.1 million to 2 million users worldwide

The firm has been very active in sports sponsorships, namely partnerships with leading football teams and esports associations including Juventus, Galatasaray, PGL and Team Spirit.

One-Click Copy Trade as key driver for growth

The overall favorable climate for the digital asset economy continues to be a key factor in the steady and rapid development of global crypto operators around the world, including Bitget.

As to this particular crypto trading platform, Bitget has included 171 trading pairs which also facilitated the growth over the last year and continues to drive new users and volumes thanks to its social platform One-Click Copy Trade.

Sandra Lou, CEO of Bitget said, “We are thrilled to be able to achieve this growth in a span of 12 months. This would not have been possible without the dedicated support of the Bitget family. We look forward to introducing more dynamic investment options to our users and continuing to grow our community from all corners of the world. This is a monumental moment in the crypto space and we are eager to further contribute to the space in the years to come.”

Bitget most recently deployed its Launchpad in conjunction with BitKeep, a top cryptocurrency wallet with more than six million users globally which offers access to promising crypto projects and signifies Bitget’s official expansion into DeFi and the NFT space.

Last month, Bitget struck a partnership with Turkish clube Galatasaray’s football and basketball teams in which the exchange will be featured on multiple platforms and media assets.

The crypto exchange will be able to leverage the popular sports team to build brand awareness while allowing sports fans and crypto enthusiasts to learn about the thriving crypto space. The digital asset trading platform has recently engaged with major Italian football club Juventus.

Bitget was founded in July 2018 and has quickly grown to serve more than 1.8 million customers in 48 countries. The crypto exchange features one of the most successful crypto copy trading platforms.

Read this next


XCritical integrates with Brokeree Solutions, allowing its clients to launch copy trading 

The forex software provider – XCritical, has integrated Social Trading by Brokeree Solutions into their CRM system.

Industry News

HKEX partners with Saudi exchange for cross listings, ESG, Fintech

“The Kingdom of Saudi Arabia, and the broader Middle Eastern region, are one of the world’s most dynamic and exciting economic and innovation hubs and also home to some of the fastest growing investor groups in the world. Hong Kong and HKEX’s markets offer significant opportunities for international investors and corporates, including unrivalled connectivity to the Mainland Chinese markets through our unique Connect programmes. This agreement signals the beginning of even greater collaboration between our companies and our home markets, and we look forward to exploring many future areas of cooperation.”

Executive Moves

CMC Markets Connect relocates APAC team led by Peter Foster to Singapore

“Singapore is a vibrant city and is now undoubtedly seen as Asia’s leading financial hub. The decision to bolster the CMC Markets Connect team here will help us cement the company’s position as a leading provider of multi asset liquidity and comprehensive trading solutions across the region.”

Retail FX

Italian watchdog red flags Olympus Brokers, UnicoFX and Allfina Group

Italy’s Commissione Nazionale per le Società e la Borsa (CONSOB) has shut down new websites in an ongoing clampdown against firms it accuses of illegally promoting investment products in the country.

Retail FX

XTB revenues hits zł1.45 billion in 2022, Q4 earnings disappoint

Poland-based Forex and CFDs broker, XTB has reported its final results for Q4 of 2022 and the full fiscal year ending on December 31, 2022, showing one of its most successful corporate years.

Executive Moves

Lirunex Limited recruits Waleed Salah as head of MENA sales

Maldives-based brokerage firm Lirunex Limited has secured the services of Waleed Salah, who joined the company in the role of its head of sales for the MENA region.

Executive Moves

Trading 212 parts ways with co-founder Borislav Nedialkov

Trading 212 has a void to fill at its FCA-regulated business in London, following the departure of two key players, Raj Somal and Borislav Nedialkov.

Digital Assets

Binance acquires troubled crypto exchange GOPAX

Binance, the world’s largest digital asset trading platform, has reportedly acquired a majority stake in the troubled South Korea-based cryptocurrency exchange GOPAX.

Digital Assets

Kraken exits Middle East, closes UAE office

Digital currency exchange Kraken will close down its operations in Abu Dhabi, UAE and lay off the majority of its team focused on the Middle East and North Africa.