The trading volume on the spot and futures markets of the cryptocurrency exchange Bitget in the first quarter of 2024 increased by 100% and 146% respectively, while the price of Bitget Token (BGB) rose by more than 80%. This was reported in the exchange’s report.

Since the beginning of the year, Bitget has listed 186 new crypto assets and distributed tokens of seven projects through the Launchpool platform. The number of platform users has exceeded 25 million, and BGB has reached a historical high of $1.15.

In addition, Bitget launched the Blockchain4Her ambassador program and celebrated the second year of collaboration with footballer Lionel Messi.

Due to the market’s recovery, the exchange removed fees on BTC/USDT and ETH/USDT pairs until May 20.

“The first quarter of 2024 saw many significant events, including the approval of a bitcoin ETF and the update of the historical high. The data from the report also indicates impressive growth for Bitget. This year, we will double our efforts to expand offerings in the spot markets.

We aim not only to strengthen our market position but also to make a significant contribution to the development of the cryptocurrency ecosystem by supporting startups with great potential,” commented Grace Chen, managing director of Bitget.

The platform also announced the appointment of Vugar Usi Zade and Elvin Kan as Chief Operating Officers of Bitget and Bitget Wallet respectively. According to Grace Chen, they bring extensive experience and strategic vision, which will contribute to global growth and innovation in the exchange’s ecosystem.

Bitget is a cryptocurrency exchange that has been operating since 2018, providing services for spot and futures trading, as well as margin lending.

Earlier, ForkLog published an interview with Bitget COO Vugar Usi Zade on expansion in the CIS and Ukrainian markets, marketing activities, and key development directions of the exchange.

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