Bitget Records a 300% Increase in DeFi Trade Derivatives

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ByG. Dautovic
March 10, 2022

Bitget, one of the prominent worldwide cryptocurrency exchanges, has reached a 300% growth in DeFi derivatives trading compared to last year. Having started out in 2018, Bitget peaked at 8.69 billion trading volume in derivatives on Feb. 28, 2022. According to CoinMarketCap, the data aggregator and distributor, Bitget got fifth place internationally for its trading volume.

Most of Bitget’s volume growth comes from the quick expansion of the company’s global markets. Over the last 12 months, the exchange’s user base has increased from 1.1 million to 2 million users across 48 countries. 

Another crucial factor in the company’s growth is Bitget’s active approach to football partnerships with Juventus and Galatasaray and its eSports partnerships with PGL and Team Spirit. The company also managed to impress Giorgio Ricci, Chief Revenue Officer for Juventus, and Silviu Stroie, CEO of PGL, indicating the company is doing good work in both sports and esports markets.

Bitget continues to draw new users with One-Click Copy Trade, the company’s social platform. The company’s 171 trading pairs were another reason for the exchange’s rapid expansion over the last year. The digital asset economy continues to grow, and Bitget is definitely using the market shift to its advantage.

The company’s CEO, Sandra Lou, has commented that everyone is thrilled to have achieved this growth within 12 months. The Bitget family’s dedicated support is the main reason for the company’s rise. Ms. Lou has said that they are excited to introduce more dynamic investment options and continue the expansion of the global user community.

Bitget’s latest business moves were deploying a crypto investment tool called Launchpad and partnering with BitKeep, a crypto wallet with six million users. These additions to Bitget’s platform signal the company’s full support for and extension into the NFT and DeFi spaces.

About author

I have always thought of myself as a writer, but I began my career as a data operator with a large fintech firm. This position proved invaluable for learning how banks and other financial institutions operate. Daily correspondence with banking experts gave me insight into the systems and policies that power the economy. When I got the chance to translate my experience into words, I gladly joined the smart, enthusiastic Fortunly team.

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