{"id":10709,"date":"2024-02-14T17:25:49","date_gmt":"2024-02-14T15:25:49","guid":{"rendered":"https:\/\/forklog.com\/en\/bitget-reports-250-increase-in-custodial-account-assets\/"},"modified":"2024-02-14T17:25:49","modified_gmt":"2024-02-14T15:25:49","slug":"bitget-reports-250-increase-in-custodial-account-assets","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitget-reports-250-increase-in-custodial-account-assets\/","title":{"rendered":"Bitget Reports 250% Increase in Custodial Account Assets"},"content":{"rendered":"<p>The cryptocurrency exchange Bitget <a class=\"tracking_link\" href=\"https:\/\/www.bitget.com\/blog\/articles\/bitget-reports-a-250-percent-surge-in-custodial-assets\" target=\"_blank\" rel=\"noopener\">released<\/a> a report on the use of custodial services. According to the report, from November 2023 to January 2024, the volume of assets managed by Copper and Cobo increased by 250%, while deposits nearly doubled.<\/p>\n<p>The platform partnered with Copper for over-the-counter settlements and with Cobo SuperLoop for institutional digital asset custody in 2023. <\/p>\n<p>In its report, Bitget examined investor behavior, market dynamics, and the development of the crypto economy. Key findings of the study include:<\/p>\n<ul class=\"wp-block-list\">\n<li>total asset volume increased by 250% due to anticipation of a Bitcoin ETF;<\/li>\n<li>deposit volume nearly doubled;<\/li>\n<li>43% of custodial wallet holders make repeat deposits;<\/li>\n<li>77% of accounts are used for short-term investments;<\/li>\n<li>the industry is growing amid expectations of a bull market, integration of digital assets into daily life, and global instability, prompting users to use cryptocurrencies to protect savings.<\/li>\n<\/ul>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite><em>\u201cThe latest Bitget research statistics highlight the dynamic nature of the crypto economy. We expect the recent approval of a Bitcoin ETF to further accelerate cryptocurrency adoption,\u201d commented Bitget Managing Director Gracy Chen. <\/em><\/cite><\/p><\/blockquote>\n<p><a class=\"tracking_link\" href=\"https:\/\/www.bitget.com\/ru\/\" target=\"_blank\" rel=\"noopener\">Bitget<\/a> is a cryptocurrency exchange that has been operating since 2018, serving over 20 million users in 100 countries. The platform&#8217;s ecosystem includes <a class=\"tracking_link\" href=\"https:\/\/www.bitget.com\/ru\/\" target=\"_blank\" rel=\"noopener\">Bitget Wallet<\/a>, a multi-currency Web3 wallet supporting swaps, an NFT marketplace, and a dapp browser.<\/p>\n<p>Previously, Bitget Wallet <a href=\"https:\/\/u1f987.com\/en\/news\/bitget-wallet-expands-with-lightning-network-and-arc-20-token-support\">integrated<\/a> the L2 solution Lightning Network and the ARC-20 token standard as part of expanding support for the Bitcoin ecosystem. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency exchange Bitget released a report on the use of custodial services. According to the report, from November 2023 to January 2024, the volume of assets managed by Copper and Cobo increased by 250%, while deposits nearly doubled. The platform partnered with Copper for over-the-counter settlements and with Cobo SuperLoop for institutional digital asset [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10708,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1222],"class_list":["post-10709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitget"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/10709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=10709"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/10709\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/10708"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=10709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=10709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=10709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}