TL;DR
- Bitget has experienced a 38.4% increase in its market share, surpassing Crypto.com and Bybit in growth.
- The exchange’s success is attributed to its strong user community and focus on global services. According to Gracy Chen, CEO of the platform.
- Forbes highlighted Bitget’s native token BGB among the top performers, with a 100% increase in the first half of 2024.
Bitget, one of the leading exchanges in the crypto and Web3 technology industry, has announced that it has achieved impressive growth in its market share according to the “2024 H2 Outlook Report” by CCData.
During the recent period, Bitget achieved a 38.4% increase in its market share, surpassing renowned competitors like Crypto.com and Bybit, which recorded increases of 24.6% and 22.2%, respectively. This level of development marks a significant achievement for the exchange, positioning its platform as dominant in the competitive exchange market.
Our latest Exchange Review shows CME futures volume fell in June, with the total down 11.5% to $103bn.$BTC futures down 11.5% to $85.2bn, ETH futures down 15.8% to $18.2bn. BTC options fell 28.2% to $1.50bn, ETH options plunged 58% to $408mn after May’s post-ETF approval spike. pic.twitter.com/FEFwPjh3SS
— CCData (@CCData_io) July 18, 2024
Bitget’s success is attributed to several key factors, including its strong user community and focus on providing services tailored to a global audience. According to Gracy Chen, CEO of the exchange, this achievement is the result of the platform’s commitment to excellence in customer service and user satisfaction.
Bitget Surpasses Binance and Bybit
The transparency report for the second quarter of 2024 reveals a 50% increase in traffic to Bitget. Mainly in regions such as the Commonwealth of Independent States (CIS), Latin America, and South Asia. The growth has been supported by the implementation of localized services that have resonated positively in key markets.
Additionally, Bitget has experienced a significant rise in the number of users holding assets such as BTC. USDT, and ETH, reaching a capital inflow of nearly $700 million in the last six months. In June, the exchange recorded the highest capital inflow among all major exchanges, reaching $1.3 billion. Surpassing platforms like Binance and Bybit.
Forbes has also recognized the outstanding performance of Bitget’s native token, BGB. Placing it among the top ten tokens for performance in the first half of 2024, with a 100% increase. The platform has become an undisputed heavyweight in the cryptocurrency and Web3 technology market.
