Bitget, the world’s top cryptocurrency exchange and Web3 company, exhibited impressive resilience in May. Despite a 20.1% decrease in combined spot and derivatives trading volume on centralized exchanges, which fell to $5.27 trillion, Bitget maintained its position as a leading derivative exchange and even experienced significant growth.
Bitget’s Open Interest Soars by 39.2% to $9.74 Billion
According to CCData, open interest on derivatives exchanges reached $55.2 billion this week, marking a 30.5% increase. Bitget, in particular, saw a substantial 39.2% surge in open interest to $9.74 billion. These strong numbers solidify Bitget’s status as a premier derivative exchange.
Additionally, based on on-chain data from DeFiLlama, Bitget had the largest one-month inflow among CEXs in May, with $975.4 million flowing into the exchange. This influx further establishes Bitget as a major player in the market.
In May, Bitget expanded its asset offerings by adding 62 new tokens, resulting in increased trading volumes and significant attention. Standout additions such as $TURBO, $MNTC, $CEL, $LIFEFORM, and $WOJAK saw increases in value ranging from 260% to 1430%. These proactive measures to meet evolving market demands demonstrate the substantial revenue potential within Bitget’s ecosystem.
Bitget Lists 21 Tokens, Sees Gains Up to 86% in UDS
Bitget listed 21 tokens, with UDS appreciating by 86% and DOGEMOB by 26%. Additionally, ATS and APRS experienced market cap surges of 46% and 17% respectively, boosting demand and product success, as the average annual percentage rate (APR) ranges between 10% and 45%.
May was also a transformative month for Bitget, as the company appointed Gracy Chen as the new CEO and introduced several strategic initiatives, including the BWB token, Signal Bot for crypto trading insights on Telegram, Elite Trader campaign, and global event PIZZA DAY.
In conclusion, Bitget’s achievements in May demonstrate the high efficiency of its strategic planning and active response to market needs. By expanding its asset selection and introducing innovative tools and campaigns, Bitget continues to strengthen its position in the cryptocurrency market, laying a solid foundation for future growth and success.