{"id":79044,"date":"2023-05-19T19:18:15","date_gmt":"2023-05-19T16:18:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=79044"},"modified":"2025-09-11T08:43:09","modified_gmt":"2025-09-11T05:43:09","slug":"in-the-first-quarter-of-2023-bitgets-utility-token-price-rose-by-120","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/in-the-first-quarter-of-2023-bitgets-utility-token-price-rose-by-120\/","title":{"rendered":"In the first quarter of 2023, Bitget&#8217;s utility token price rose by 120%"},"content":{"rendered":"<p>The Bitget cryptocurrency derivatives exchange <a class=\\\"tracking_link\\\" href=\\\"https:\/\/www.bitget.com\/en\/blog\/articles\/bitget-transparency-report-quarter-one-twenty-twenty-three\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">published<\/a> its first-quarter 2023 report. During this period, the platform&#8217;s trading volumes rose by 27%, and the ecosystem&#8217;s utility token price climbed 120%. This is according to Bitget&#8217;s blog.<\/p>\n<p>Key achievements for the exchange in Q1 2023, compared with the previous quarter, were:<\/p>\n<ul class=\\\"wp-block-list\\\">\n<li>The site attracted <strong>33.1 million<\/strong> visitors \u2014 up 35%;<\/li>\n<li>Users achieved a total futures trading volume of <strong>$658 billion<\/strong> \u2014 up 27%;<\/li>\n<li><a class=\\\"tracking_link\\\" href=\\\"https:\/\/www.bitget.com\/en\/spot\/BGBUSDT_SPBL?type=spot\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">The BGB token<\/a> rose to an all-time high \u2014 up 120% in three months. The price at its peak reached $0.478, and the number of holders rose by 146% to 229,732 people;<\/li>\n<li>Bitget expanded its staff by 30% to <strong>1,300 employees<\/strong> and opened hundreds more vacancies;<\/li>\n<li>The exchange&#8217;s followers on social media grew by 181% and reached <strong>1 million<\/strong>.<\/li>\n<\/ul>\n<p>During this period Bitget launched three new products: index futures, Fund Custody Service for storing funds on dedicated wallets, and <a class=\\\"tracking_link\\\" href=\\\"https:\/\/www.bitget.com\/en\/copytrading\/spot\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">copy trading<\/a> on the spot market. The latter helped attract 100,000 new users who earned $41 million in two months.<\/p>\n<p>According to the latest Proof-of-Reserve audit, Bitget&#8217;s reserve ratio rose from <a href=\"https:\/\/u1f987.com\/en\/news\/bitget-confirms-balances-with-merkle-tree-deposits-backed-at-244\">224% in December 2022<\/a> to 246% in April 2023. The recovery in Bitcoin&#8217;s price allowed increasing the insurance fund from $300 million to $380 million.<\/p>\n<p>The cryptocurrency exchange <a href=\"https:\/\/u1f987.com\/en\/news\/bitget-invests-30-million-in-bitkeep-wallet\">became<\/a> holder of a controlling stake in the BitKeep wallet and forged partnerships with DeFi projects and blockchain-data providers such as Nansen and Coin360. The platform also renewed cooperation with FC Juventus and <a href=\"https:\/\/u1f987.com\/en\/news\/bitget-becomes-sponsor-of-juventus-womens-team\">began sponsoring<\/a> the club&#8217;s women&#8217;s team.<\/p>\n<p><a class=\\\"tracking_link\\\" href=\\\"http:\/\/bitget.com\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">Bitget<\/a> is a cryptocurrency exchange offering spot and futures trading, copy trading, P2P and OTC deals. The platform is developing a social-trading concept with its Bitget Insights service for publishing trading ideas and <a class=\\\"tracking_link\\\" href=\\\"https:\/\/www.bitget.com\/en\/copytrading\/spot\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">copy trading<\/a> on futures and spot markets. The exchange serves more than eight million users worldwide.<\/p>\n<p>Earlier, Bitget <a href=\"https:\/\/u1f987.com\/en\/news\/bitget-to-award-up-to-9000-usdt-for-inviting-friends\">launched<\/a> a new referral program. The exchange will award up to 9,000 USDT for inviting friends.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitget published its Q1 2023 report. During this period, the platform&#8217;s trading volumes rose by 27%, and the ecosystem&#8217;s utility token price climbed by 120%.<\/p>\n","protected":false},"author":1,"featured_media":79045,"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":[1222,1166],"class_list":["post-79044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitget","tag-centralized-exchanges-cex"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"2","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/79044","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=79044"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/79044\/revisions"}],"predecessor-version":[{"id":79046,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/79044\/revisions\/79046"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/79045"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=79044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=79044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=79044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}