Bitget Reached Record Transaction Volume in the First Three Months of the Year

According to Coinmarketcap data, it is the 12th largest cryptocurrency exchange in the world. bitgetshared its financial status report data for the first quarter of 2024. The figures announced by the company are based on the spot and futures prices of the stock market. in transaction volume It reveals that it is experiencing a serious increase.

Bitget had a forward transaction volume of $658 billion and a spot transaction volume of $59 billion in the first quarter of 2023. This figure increased to 1.4 trillion dollars on the futures side and 160 million dollars on the spot transaction side in the first quarter of 2024. The company thus 1.6 trillion dollars reached transaction volume.

The rise in Bitcoin (BTC) price and new token listings enabled this significant rise

According to the statements made by Bitget, there are basically two reasons for such a serious increase in transaction volume. The first of these reasons is that the price of Bitcoin (BTC) a new ATH, meaning that it has reached an all-time high. Additionally, Bitget will launch in the first three months of 2024. 186 new crypto assets listed. These new listings allowed Bitget to reach more users. According to the statement, Bitget more than 25 million It has active users.

Of course, it should not be forgotten that cryptocurrency markets have been seriously moved. The main reason for this is that the Bitcoin halving will now take place days later. This being the case, money flows into the markets in droves. Many people think that there will be a huge change in the cryptocurrency markets with the halving. uptrend He believes it will start.

*This content cannot be considered investment advice.