Bitget Records Highest Capital Inflow and Open Interest Surged 39.2% in May, Reaching $9.74 Billion
Victoria, Seychelles, 18th June 2024 – Bitget, the world's leading cryptocurrency exchange and Web3 company, has navigated May with resilience, maintaining its position as a top derivative exchange with the highest capital inflow amongst centralized exchanges and sustained open interest growth.
According to CCData's report, During the wake of the Bitcoin Halving and BTC ETF events, the combined spot and derivatives trading volume on centralized exchanges declined by 20.1% to $5.27 trillion in May. However, open interest on derivatives exchanges surged by 30.5% to $55.2 billion. Against this backdrop, Bitget experienced a remarkable 39.2% increase in open interest, reaching $9.74 billion, solidifying its standing as a leading derivative exchange.
Concurrently, Bitget recorded the highest one-month inflows among all centralized exchanges in May, with $975.4 million in capital flowing into the platform according to on-chain data from DeFiLlama . This substantial influx of capital firmly establishes Bitget as an industry leader.
In May, Bitget significantly expanded its asset selection by listing 62 new tokens, driving notable interest and increased trading volumes. Among the top-performing additions, $TURBO, $MNTC, $CEL, $LIFEFORM, and $WOJAK saw impressive gains ranging from 260% to 1430%, demonstrating Bitget's proactive approach to meet evolving market demands and highlighting the substantial potential for lucrative returns within its ecosystem.
In addition, Bitget listed 19 new tokens on PoolX , attracting 120,381 participants to stake a total of 427 million USDT throughout May. PoolX listed 21 tokens in total, with standout gains from UDS (86%) and DOGEMOB (26%), along with significant market cap increases for ATS (46%) and APRS (17%). The average annual percentage rate (APR) of 10%-45% further contributes to the product's growing demand and success.
The month was also punctuated by pivotal developments at Bitget, including the appointment of Gracy Chen as the new CEO , the launch of the BWB token , a Signal Bot to revolutionize crypto trading insights dissemination on Telegram, the rollout of the Elite Trader campaign , and global celebrations of Pizza Day.
For more information on the monthly report, please visit here .
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com
- Press releaseBitget Lists Scroll (SCR) Ethereum-based zkEVM Layer 2 for Pre-market Trading Victoria, Seychelles, September 20th, 2024 – Bitget, the leading cryptocurrency exchange and Web3 company, has listed SCR tokens from the Scroll ecosystem, a zero-knowledge EVM L2 based around the Ethereum ecosystem. With this listing, Scroll tokens are now available for Bitget users to place buy and sell orders prior to its market listings on various CEXs. Scroll is a security-focused scaling solution for Ethereum, using innovations in scaling design and zero knowledge proofs to build a new2024-09-20
- Press releaseBitget Enters A Multi-Million Dollar Deal With La Liga to Explore Crypto-Sports Synergy Victoria, Seychelles, 19th September, 2024: Bitget, the world's leading cryptocurrency exchange and Web3 company, has partnered up with LALIGA, the world's most celebrated football league, as an official crypto partner. The collaboration unveiled at Token2049 in Singapore indicates Bitget's strategic move into the sports sector across Eastern, Southeast Asia, and Latin America. The multi-million dollar partnership boasts exclusive benefits to both parties and alig2024-09-18
- Press releaseBitget Announces Winners of Smart Awards 2024 – the Best in Crypto Space Finally Recognized Victoria, Seychelles, 19 September 2024 – Bitget, the leading cryptocurrency exchange and Web3 company, has released the list of winners of its esteemed Smart Awards 2024 event, recognizing the top performers within the scope of a year in the crypto space across 5 categories. The event was held in collaboration with Bitget’s data provider — 0xScope, which ensured a transparent and fair winner selection process. The highly anticipated Bitget Smart Awards 2024, which took place on September 122024-09-18