{"id":72856,"date":"2023-01-20T16:11:47","date_gmt":"2023-01-20T14:11:47","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=72856"},"modified":"2025-09-09T10:45:11","modified_gmt":"2025-09-09T07:45:11","slug":"bitget-breaks-into-the-top-three-by-crypto-derivative-trading-volume","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitget-breaks-into-the-top-three-by-crypto-derivative-trading-volume\/","title":{"rendered":"Bitget breaks into the top three by crypto-derivative trading volume"},"content":{"rendered":"<p>According to the Boston Consulting Group, in 2022 <a class=\\\"tracking_link\\\" href=\\\"http:\/\/bitget.com\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">Bitget<\/a> broke into the top three by crypto-derivative trading volumes. Binance took first place, OKX second.<\/p>\n<p>\\n\\n<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh6.googleusercontent.com\/QiWQaHRlSx0Nw3CTjkNcgoxxocF49pRYWykDpBX09TauJ4Ifkqvy5ruXxPsEFOk6_Wpp6jOfbvdI7FMlzf0Dku1ee1WSKpeUbw-DJmQkKKLmWNqNI7cfby6dlhFL6OGY1vHe7DG2vyxP0Rv09hp5gXME9IoUjDd5fs65X1wA9aKaBbRYiKE3RslIolKWHQ\\\" alt=\\\"Bitget breaks into the top three by crypto-derivative trading volume\\\"\/><figcaption>Data: <a class=\\\"tracking_link\\\" href=\\\"https:\/\/github.com\/Foresight-Ventures\/Research\/blob\/main\/What%20Does%20the%20Future%20Hold%20for%20Crypto%20Exchanges_Eng_Jul%202022.pdf?utm_source=PR&#038;utm_medium=Media+release&#038;utm_campaign=BCG+report\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">Boston Consulting Group<\/a> study for July 2022.<\/figcaption><\/figure>\n<p>\\n\\n<\/p>\n<p>According to a <a class=\\\"tracking_link\\\" href=\\\"https:\/\/coinmarketcap.com\/community\/articles\/63c68d606b0fce5e3bcec8a2\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">study<\/a> by TokenInsight, Bitget&#8217;s share of total crypto-derivative trading volume rose from 3% to 11% last year, and the exchange&#8217;s open interest grew by 344% \u2014 from $841 million to $3.74 billion.<\/p>\n<p>\\n\\n<\/p>\n<p>Analysts at TokenInsight highlighted the main drivers of Bitget&#8217;s market share growth:<\/p>\n<p>\\n\\n<\/p>\n<ul class=\\\"wp-block-list\\\">\n<li><strong>The popularity of copy trading among platform users.<\/strong> According to Bitget, since the service&#8217;s launch, 340,000 followers have executed more than 42 million profitable trades;<\/li>\n<li><strong>Expansion into Europe, Turkey, Southeast Asia and Latin America.<\/strong> In January 2023, the number of crypto exchange clients from these regions reached 8 million;<\/li>\n<li><strong>Partnership with Lionel Messi.<\/strong> Advertising campaigns with the Argentine footballer boosted user interest in the exchange\u2019s activities and the King\u2019s Cup tournament. At KCGI 2022, <a href=\"https:\/\/u1f987.com\/en\/news\/bitget-reports-a-record-number-of-participants-in-the-kings-cup-lionel-messi-promoted-the-tournament\">participated<\/a> 32,174 users \u2014 a record for the event&#8217;s history.<\/li>\n<\/ul>\n<p>\\n\\n<\/p>\n<p>Gracie Chen, Bitget&#8217;s managing director, says the exchange&#8217;s team achieved these results thanks to timely responses to market challenges:<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>The past year has been one of the most important in the history of our platform: we launched the Proof-of-Reserves solution for transparent wallet verification, increased staff to 1,100 employees and entered new markets.<\/p>\n<p>We are confident that 2023 will also present opportunities for growth. The industry is consolidating and gradually reducing the share of borrowed funds, and will therefore soon emerge from this crypto-winter.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>The Bitget cryptocurrency exchange supports spot and futures trading, P2P and OTC deals, copy trading, and passive earnings on Bitget Earn products. The platform is also developing services for social trading \u2014 the automatic trading service \\&#8221;Market Strategies\\&#8221; and the Bitget Insights platform for publishing trading ideas.<\/p>\n<p>\\n\\n<\/p>\n<p>In January 2023, Bitget <a href=\"https:\/\/u1f987.com\/en\/news\/bitget-launches-asset-custody-service-on-a-dedicated-wallet\">launched<\/a> a funds-storage function on dedicated wallets.<\/p>\n<p>\\n\\n<\/p>\n<p>Follow ForkLog&#8217;s bitcoin news on our <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices, and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the Boston Consulting Group, in 2022 Bitget broke into the top three by crypto-derivative trading volumes. Binance took first place, OKX second.<\/p>\n","protected":false},"author":1,"featured_media":72857,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"2","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1222],"class_list":["post-72856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitget"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"2","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/72856","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=72856"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/72856\/revisions"}],"predecessor-version":[{"id":72858,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/72856\/revisions\/72858"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/72857"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=72856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=72856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=72856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}