Tag Archives: Bitget

Business & Investments

Bitget added 2.9 million new users with $700M Capital Inflow in Q2

Bitget Q2 Report Highlights $700M Capital Inflow and nearly 50% Rise in Traffic

Global, 11th July, 2024 — Bitget, the leading cryptocurrency exchange and Web3 company, has released the quarterly transparency report for Q2 2024 showcasing the company’s progress in the year so far. Q2 2024, Bitget experienced a substantial increase in website traffic, seeing a nearly 50% rise, which brought in a surge of 10M monthly visitors.

The exchange’s inflow of funds increased. Data from the Bitget Proof-of-Reserve (PoR) page indicates that in the first 6 months, the number of users’ BTC, USDT, and ETH surged by 73%, 80%, and 153% respectively, equalling approximately $700 million in capital inflow. The growth was complemented by the addition of 2.9 million new users to the platform, aligning with its expanding reach and world-class crypto trading solutions. The spot trading volume on Bitget increased by over 10%, from $28B in Q1 to $32B in Q2.

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Business & Investments

Bitget to List the First BGB Perpetual Futures with up to 50x Leverage

Global, 9th July 2024 – Bitget, the leading global cryptocurrency exchange and web3 company, is excited to announce that its native token, Bitget Token (BGB), is now exclusively available for futures trading on the platform. As the first BGB perpetual futures, BGBUSDT-M will be live on July 8, 2024, with a maximum leverage of 50x.

BGB is the ecosystem token of Bitget, designed to create a simple, secure crypto ecosystem accessible to all. Launched in July 2021 with a total supply of 2 billion, BGB now has 1.4 billion tokens in circulation. Bitget Token (BGB) offers exclusive perks to all holders, aiming to share the fruits of Bitget’s growth with all users. These benefits include spot trading fee discounts, free withdrawal, access to token sales or airdrops on Launchpad and Launch Pool, and other platform-specific benefits, incentivizing users to hold and use BGB, thereby creating a strong utility-driven ecosystem.

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Business & Investments

Bitget and Foresight Ventures Launch $20 Million TON Ecosystem Fund

Bitget and Foresight Ventures Launch $20 Million TON Ecosystem Fund to nurture and support early-stage projects 

Global, June 26, 2024 – Bitget, the leading cryptocurrency exchange and Web3 company, announced a $20 million TON Ecosystem Fund in alliance with Singapore-based investment firm Foresight Ventures, aiming to support early-stage projects building on The Open Network (TON). This strategic initiative highlights the duo’s commitment to fostering innovation and development within the TON ecosystem.

The Open Network (TON) has been gaining significant traction, with $TON price reaching a new all-time high lately. According to Delphi Digital, the ecosystem’s growth is bolstered by Telegram’s massive user base of 900 million, pushing the daily active addresses on TON beyond those of Ethereum.

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Technologies

Bitget Strengthens Partnership with Ethena Labs 

Bitget Strengthens Partnership with Ethena Labs by Supporting USDe in Earn Offerings and Futures Collateral

Global, June 21, 2024 — Bitget, the world’s leading cryptocurrency exchange and Web3 company, announced the expansion of the partnership with Ethene Partnership with Ethena, a synthetic dollar protocol developed on the Ethereum blockchain, to introduce its synthetic USDe into services such as Bitget Savings and Coin-Margined (Coin-M) Contracts.

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Featured

Bitget Collaborates with Three Turkish National Athletes under the #MakeItCount Campaign

Bitget Collaborates with Three Turkish National Athletes under the #MakeItCount Campaign

Bitget enters partnership with Turkish National Athletes – Buse Tosun Çavuşoğlu (Wrestling team), Samet Gümüş (Boxing team) and İlkin Aydın (Volleyball team) under the #MakeItCount Campaign

L-R : Samet Gümüş (Boxing team) , İlkin Aydın (Volleyball team), and Buse Tosun Çavuşoğlu (Wrestling team), under the #MakeItCount Campaign

Global, 11th June 2024 – Bitget, the world’s leading cryptocurrency exchange and Web3 company, announces the addition of renowned Turkish Athletes, Buse Tosun Çavuşoğlu, Samet Gümüş and İlkin Aydın to its #MakeItCount campaign. The campaign initially launched with Lionel Messi in 2022, and the latest formed sports collaborations represent a commitment to expanding Bitget’s vision of inspiring and empowering its users in Turkey.

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