Bitget Hits Record Trading Volume, BGB Price Up 22%

Bitget has reached all-time highs in trading volume, and daily active traders, now securing the number 3 spot globally for futures trading amid a market surge.

Bitget, a cryptocurrency exchange, has achieved a new milestone by surpassing the $3 trillion crypto market cap and securing the third position in global futures trading volumes. The exchange achieved a new all-time high in its derivatives trading volume, open interest, and daily active traders. The BGB token price has experienced a 22% increase in the past week.

Bitget observed a $77 billion increase in the volume of crypto futures trading

Bitget achieved all-time highs in daily active users, open interest, and trading volumes, according to a press release issued on November 13. The daily trading volume of the crypto exchange increased to more than $10 billion, while the volume of futures trading increased to $77 billion.

According to the most recent report from Coingecko, the crypto market experienced a 1.7% increase in total derivatives trading volume to $1.51 trillion during the “Trump trade.” CEO Gracy Chen stated that Bitget, one of the most prominent cryptocurrency exchanges, has invested in developing a robust platform in response to the recent bear markets.

“This has been possible with the trust and credibility we have built, keeping the exchange transparent and secure. Over a year, Bitget has grown from 20 million to 45 million users. It has been an incredible journey, which shows the demand for reliable and accessible crypto trading.”

By emphasizing liquidity and user experience, the exchange has broadened its user base and improved futures trading. Furthermore, the exchange experienced a substantial surge in institutional and retail users due to its consistent provision of a seamless trading experience.

The price of BGB tokens increased by 22%

Bitget announced the relaunch of its platform in the United Kingdom on Tuesday, providing a selection of more than 150 crypto tokens. The relaunch is consistent with the Financial Promotions Regime of the UK Financial Conduct Authority (FCA). Additionally, the exchange launched the “Pitch n Slay” initiative as part of its Blockchain4Her program last week to assist female entrepreneurs in the Web3.

After Donald Trump’s re-election as president, the crypto market cap surpassed $3 trillion. The announcement of Trump’s nomination of crypto-friendly candidates, including Vivek Ramaswamy and Elon Musk, to his administration has incited a significant rally.

The price of Bitget’s native token, BGB, has increased by 3% in the past 24 hours and by 22% in the past week. The price is currently trading at $1.44, with a 24-hour low of $1.39 and a high of $1.45. Nevertheless, the trading volume experienced a 34% decrease in the past 24 hours.