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Apex Trader Funding - News

Bitget Q2 Report Highlights $700M Capital Inflow and nearly 50% Rise in Traffic

VICTORIA, Seychelles, July 11, 2024 /CNW/ -- Bitget, the leading cryptocurrency exchange and Web3 company, has released the quarterly transparency report for Q2 2024 showcasing the company's progress in the year so far. Q2 2024, Bitget experienced a substantial increase in website traffic, seeing a nearly 50% rise, which brought in a surge of 10M monthly visitors. The exchange's inflow of funds increased. Data from the Bitget Proof-of-Reserve (PoR) page indicates that in the first 6 months, the amount of users' BTC, USDT, and ETH surged by 73%, 80%, and 153% respectively, equaling approximately $700 million in capital inflow. The growth was complemented by the addition of 2.9 million new users to the platform, aligning with its expanding reach and world-class crypto trading solutions. The spot trading volume on Bitget increased by over 10%, from $28B in Q1 to $32B in Q2. Bitget continued to innovate with the launch of two new initial token listing products, PoolX and Pre-market. PoolX introduced a new staking platform allowing users to earn tokens by staking BGB and USDT, while Pre-market enabled trading for tokens not yet officially listed on major exchanges. These products saw the launch of a combined total of 100+ projects, providing more high-potential offerings and attracting significant user participation. In June BGB recorded tremendous growth as the best-performing CEX token. BGB ...