Bitget experienced substantial growth in Q2 2024, reporting a 50% increase in website traffic and welcoming 2.9 million new users.
Bitget, a leading cryptocurrency exchange, saw great growth in Q2 2024. It had a 50% increase in website traffic and gained 2.9 million new users, showing its growing impact in the crypto market.
Bitget Breaks Records in Q2
The platform had a huge 50% increase in website traffic, attracting 10 million monthly visitors. This growth came with a 10% rise in spot trading volume compared to the last quarter. Bit get’s Bitcoin, Tether, and Ethereum holdings also grew by 70%, bringing in about $700 million in capital.
New Partnerships and $20M Fund to Boost Web3
As part of its global expansion strategy, Bit get forged strategic partnerships with Turkish national athletes, complementing its existing collaboration with football superstar Lionel Messi. These high-profile associations solidify Bitget’s position as a leading global cryptocurrency exchange.
CEO Gracy Chen expressed gratitude for the unwavering support of the Bitget community and reaffirmed the exchange’s dedication to advancing Web3 technologies. To foster innovation within the ecosystem, Bit get launched a $20 million ecosystem fund in collaboration with Foresight Ventures, aimed at supporting early-stage projects on The Open Network (TON).
Prioritizes Security and Transparency
Bitget showed its commitment to transparency and security by releasing a proof-of-reserves report, which demonstrated asset ratios of over 100%. Additionally, the exchange teamed up with Sumsub to improve user protection against deepfake scams during KYC verification processes.
Bit get had a remarkable Q2 with unprecedented growth, driven by a substantial $700 million influx of capital and key partnerships. The exchange grew its user base significantly, improved security measures and confirmed its dedication to Web3 development. These achievements solidify Bit get’s position as a major player in the cryptocurrency market.
