[Singapore, March 3, 2022] Leading global cryptocurrency exchange, Bitgate announced that the platform’s trading volume in derivatives has reached an all-time high of $8.69 billion as of February 28, 2022. Trading volume is up more than 300% compared to last year.
According to CoinMarketCap, Bitgate ranks fifth globally in terms of its trading volume. The significant volume growth is largely contributed by Bitgate’s rapid expansion of global markets.
It is also a natural expansion of its user base following partnerships with major football teams and esports associations including Juventus, Galatasaray, PGS and Team Spirit.
Despite increasing regulatory uncertainties and concerns, the overall favorable environment for the digital asset economy remains a key factor in the steady and rapid growth of global crypto operators across the globe.
Over the past 12 months, Bitgate has grown its worldwide user base from 1.1 million to 2 million. One-click copy trade – the key feature offered by the platform continues to be popular among traders and remains a key driver of growth.
The exchange also includes 171 trading pairs, which has facilitated growth over the past year.
Bitgate CEO Sandra Lu said, “We are thrilled to be able to achieve this growth over a period of 12 months. This would not have been possible without the dedicated support of the Bitgate family. We offer more dynamic investment options to our users. We look forward to doing and growing our community from all corners of the world.”
He added that “this is a pivotal moment in the crypto space and we look forward to contributing more to the space in the years to come.”
Bitgate’s significant increase in trading volume can be attributed to its dedication to providing a top-notch trading experience in addition to ensuring safe and secure transactions on its platform.
In addition, Bitgate recently deployed its launchpad in conjunction with BitKeep, a top cryptocurrency wallet with over six million users globally.
This latest addition to the platform will support the crypto ecosystem by providing access to promising crypto projects and marks the official expansion of Bitgate into the DeFi and NFT space.
about bitgate
Bitget is a leading global cryptocurrency exchange founded in July 2018. Serving over 2 million customers in 48 countries, Bitget aims to contribute to the adoption of decentralized finance globally.
Since its launch, Bitgate has grown into the world’s largest crypto copy trading platform by gaining the popularity of its flagship one-click copy trade products. According to CoinMarketCap, Bitget was ranked third globally in terms of its derivatives volume in January 2022.
Closely following its mission of better business and better life, Bitgate is committed to providing comprehensive and secure trading solutions to our users across the globe.
In September 2021, Bitgate announced the sponsorship of the world-renowned football team Juventus as its first slew partner and the official eSports crypto partner of the PGL Major.
Partnerships with leading Russian eSports organization Team Spirit and Turkey’s leading and long-standing football club, Galatasaray, were also announced in early 2022.
For more information about Bitgate, please visit their website.