Bitget added 9,033 new elite merchants in Q2

Bitget says it made a bunch of notable achievements within the second quarter of this yr – a number of of which it underscored in a Transparency Report on Tuesday.

Bitget continued to extend market share in Q2

In response to the quarterly replace, its market share climbed additional within the three-month interval to eight.7%.

That interprets to a 1.81% improve – second highest among the many high 5 centralised exchanges. Spot buying and selling exceeded $60 billion by way of quantity whereas futures buying and selling surpassed $600 billion.

Bitget is the one CEX that noticed a rise in futures buying and selling quantity this yr following the FTX fiasco, as per Nansen – a blockchain analytics platform.

These disclosures arrive simply days after the Seychelles-based firm launched “Crypto Loans” to debut in lending (discover out extra).

Copy buying and selling helped add new elite merchants

Bitget elevated its followers by greater than 85,000 within the second quarter. Copy buying and selling, it added, helped develop the variety of elite merchants on the platform by 9,033 as nicely.

“BGB” – its native token outperformed friends unlocking a whopping 23% as buying and selling quantity hit $1.3 million – an 80% improve. The Transparency Report additionally reads:

Demand for BGB has been on the rise, with the variety of BGB holders rising by 130% to 305,653 in three months.

Bitget remained dedicated to enlargement within the second quarter and efficiently registered as a VASP in Poland and Lithuania. It additionally entered Turkey in Q2 with a brand new web site.