Victoria, Seychelles, June 18th, 2024,
Chainwire
Bitget, the world's leading cryptocurrency
exchange and Web3 company, has navigated May with
resilience, maintaining its position as a top derivative exchange
with the highest capital inflow amongst centralized exchanges and
sustained open interest growth.
According to CCData's report, During the wake of the Bitcoin
Halving and BTC ETF events, the combined spot and derivatives
trading volume on centralized exchanges declined by 20.1% to $5.27
trillion in May. However, open interest on derivatives exchanges
surged by 30.5% to $55.2 billion. Against this backdrop, Bitget
experienced a remarkable 39.2% increase in open interest, reaching
$9.74 billion, solidifying its standing as a leading derivative
exchange.
Source: CCData
Concurrently, Bitget recorded the highest one-month inflows
among all centralized exchanges in May, with $975.4 million in
capital flowing into the platform according to on-chain data from
DeFiLlama. This substantial influx of capital
firmly establishes Bitget as an industry leader.
Sou
Source: DeFiLlama
In May, Bitget significantly expanded its asset selection by
listing 62 new tokens, driving notable interest and increased
trading volumes. Among the top-performing additions, $TURBO, $MNTC,
$CEL, $LIFEFORM, and $WOJAK saw impressive gains ranging from 260%
to 1430%, demonstrating Bitget's proactive approach to meet
evolving market demands and highlighting the substantial potential
for lucrative returns within its ecosystem.
Source: Bitget
In addition, Bitget listed 19 new tokens on PoolX, attracting 120,381 participants to stake
a total of 427 million USDT throughout May. PoolX listed 21 tokens
in total, with standout gains from UDS (86%) and DOGEMOB (26%),
along with significant market cap increases for ATS (46%) and APRS
(17%). The average annual percentage rate (APR) of 10%-45% further
contributes to the product's growing demand and success.
The month was also punctuated by pivotal developments at Bitget,
including the appointment of Gracy
Chen as the new CEO, the launch of the BWB token,
a Signal Bot to revolutionize crypto trading insights dissemination
on Telegram, the rollout of the Elite Trader campaign,
and global celebrations of Pizza Day.
For more information on the monthly report, users can visit
here.
About Bitget
Established in 2018, Bitget is the
world's leading cryptocurrency
exchange and Web3 company. Serving over 25 million users in
100+ countries and regions, the Bitget exchange is committed to
helping users trade smarter with its pioneering copy trading
feature and other trading solutions. Formerly known as BitKeep,
Bitget Wallet is a world-class multi-chain
crypto wallet that offers an array of comprehensive Web3 solutions
and features including wallet functionality, swap, NFT Marketplace,
DApp browser, and more. Bitget inspires individuals to embrace
crypto through collaborations with credible partners, including
legendary Argentinian footballer Lionel Messi and Turkish National
athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet
Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national
team).
For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
Contact
PR
team
media@bitget.com