The Bitcoin
market left behind a really lengthy crypto winter in 2023, permitting corporations within the
trade to proceed their dynamic improvement. Amongst them was Bitget, the
crypto trade that celebrated its fifth anniversary and expanded
considerably throughout a number of key metrics.
Gracy Chen,
the Managing Director of Bitget, printed an open letter during which she
summarized the rise in spot volumes, employment progress, and the acquisition
of a document variety of purchasers, in addition to outlined the trade’s plans for
2024.
Though
Bitget initially targeted on crypto derivatives, the corporate reopened its spot
markets in 2021. This strategic transfer paid dividends in 2023, with spot buying and selling
volumes rising 94% year-over-year.
“Although
initially targeted on futures merchandise, we reopened the spot market,” mentioned
Chen. “In 2023, we went all-in in spot buying and selling and our efforts have paid
off considerably.”
Maintain Studying
The rise
outpaced broader spot market progress and cemented Bitget as a serious trade . For
instance, Bitget’s quantity firstly of the 12 months was $15.3 billion, and in
the record-breaking November 2023, it grew to nearly $30 billion.
Over the
12 months, the corporate, amongst different issues, rebranded the BitKeep pockets to Bitget
Pockets following its acquisition. It moreover launched a swap providing, enhancing
multi-chain buying and selling capabilities. Within the second half of the 12 months, the trade
launched a fund known as EmpowerX with a capital base of $100 million to take a position
in a spread of cryptocurrency tasks.
✨ Getting into 2024 with a recap of 2023’s #crypto journey – victories, challenges, and thrilling developments. Uncover the pivotal occasions steering the market’s path!
Dive into @GracyBitget’s open letter for insights on this 12 months’s transformative breakthroughs!
— Bitget (@bitgetglobal) January 3, 2024
Variety of Workers Grows
to 1,500
Bitget
aggressively expanded its workforce in 2023 to assist drive progress. “Bitget’s
staff has expanded from 1,100 to 1,500 workers, and the rise marks a
important leap in our progress trajectory,” Chen famous.
The
further workers will present enhanced assist throughout Bitget’s operations,
particularly for the fast-growing spot markets. The hiring spree contrasts with
main layoffs at crypto corporations in the course of the current crypto winter.
In 2023,
employment cuts within the cryptocurrency trade had been mentioned within the case of
KuCoin, Luno, and the Winklevoss brothers’ platform, Gemini.
Bitget’s Consumer Base Doubles
to twenty Million
Bitget additional noticed its consumer base greater than double from 8 million to twenty million in 2023. Amongst
the brand new customers, youthful individuals, significantly these from Technology Z, are
predominant. Bitget talked about the recognition of cryptocurrencies amongst this age
group in certainly one of its experiences in the course of final 12 months.
“We have
taken substantial measures to raise our customer support, firmly reaffirming
our dedication to delivering superior assist with a user-centric
method,” defined Chen. “In 2023, now we have engaged with and
assisted 600,000 customers by means of our on-line customer support.”
Supply: Bitget
The inflow
of recent customers was an extra issue that helped drive elevated spot buying and selling
volumes on Bitget’s platform.
Poised for Additional
Enlargement
With a visual
progress throughout key areas in 2023, Bitget appears poised for even stronger
enlargement going ahead. The corporate plans to proceed growing its
workforce, enhancing its product choices, and increasing into new markets in
2024.
“Collectively
with our customers, we are going to proceed to construct the world’s largest crypto copy
buying and selling group, leveraging new applied sciences like AI to assist the group
commerce smarter as an entire,” Chen concluded.
If 2023 is
any indication, Bitget has a method that might cement its place as certainly one of
the main world cryptocurrency exchanges.
The Bitcoin
market left behind a really lengthy crypto winter in 2023, permitting corporations within the
trade to proceed their dynamic improvement. Amongst them was Bitget, the
crypto trade that celebrated its fifth anniversary and expanded
considerably throughout a number of key metrics.
Gracy Chen,
the Managing Director of Bitget, printed an open letter during which she
summarized the rise in spot volumes, employment progress, and the acquisition
of a document variety of purchasers, in addition to outlined the trade’s plans for
2024.
Though
Bitget initially targeted on crypto derivatives, the corporate reopened its spot
markets in 2021. This strategic transfer paid dividends in 2023, with spot buying and selling
volumes rising 94% year-over-year.
“Although
initially targeted on futures merchandise, we reopened the spot market,” mentioned
Chen. “In 2023, we went all-in in spot buying and selling and our efforts have paid
off considerably.”
Maintain Studying
The rise
outpaced broader spot market progress and cemented Bitget as a serious trade . For
instance, Bitget’s quantity firstly of the 12 months was $15.3 billion, and in
the record-breaking November 2023, it grew to nearly $30 billion.
Over the
12 months, the corporate, amongst different issues, rebranded the BitKeep pockets to Bitget
Pockets following its acquisition. It moreover launched a swap providing, enhancing
multi-chain buying and selling capabilities. Within the second half of the 12 months, the trade
launched a fund known as EmpowerX with a capital base of $100 million to take a position
in a spread of cryptocurrency tasks.
✨ Getting into 2024 with a recap of 2023’s #crypto journey – victories, challenges, and thrilling developments. Uncover the pivotal occasions steering the market’s path!
Dive into @GracyBitget’s open letter for insights on this 12 months’s transformative breakthroughs!
— Bitget (@bitgetglobal) January 3, 2024
Variety of Workers Grows
to 1,500
Bitget
aggressively expanded its workforce in 2023 to assist drive progress. “Bitget’s
staff has expanded from 1,100 to 1,500 workers, and the rise marks a
important leap in our progress trajectory,” Chen famous.
The
further workers will present enhanced assist throughout Bitget’s operations,
particularly for the fast-growing spot markets. The hiring spree contrasts with
main layoffs at crypto corporations in the course of the current crypto winter.
In 2023,
employment cuts within the cryptocurrency trade had been mentioned within the case of
KuCoin, Luno, and the Winklevoss brothers’ platform, Gemini.
Bitget’s Consumer Base Doubles
to twenty Million
Bitget additional noticed its consumer base greater than double from 8 million to twenty million in 2023. Amongst
the brand new customers, youthful individuals, significantly these from Technology Z, are
predominant. Bitget talked about the recognition of cryptocurrencies amongst this age
group in certainly one of its experiences in the course of final 12 months.
“We have
taken substantial measures to raise our customer support, firmly reaffirming
our dedication to delivering superior assist with a user-centric
method,” defined Chen. “In 2023, now we have engaged with and
assisted 600,000 customers by means of our on-line customer support.”
Supply: Bitget
The inflow
of recent customers was an extra issue that helped drive elevated spot buying and selling
volumes on Bitget’s platform.
Poised for Additional
Enlargement
With a visual
progress throughout key areas in 2023, Bitget appears poised for even stronger
enlargement going ahead. The corporate plans to proceed growing its
workforce, enhancing its product choices, and increasing into new markets in
2024.
“Collectively
with our customers, we are going to proceed to construct the world’s largest crypto copy
buying and selling group, leveraging new applied sciences like AI to assist the group
commerce smarter as an entire,” Chen concluded.
If 2023 is
any indication, Bitget has a method that might cement its place as certainly one of
the main world cryptocurrency exchanges.
