According to data from Coinmarketcap, it is the 12th largest cryptocurrency exchange in the world. bitshared its financial status report data for the first quarter of 2024. The figures announced by the company are based on the spot and futures prices of the stock market. in terms of transaction volume This shows that there is a serious increase.

Bitget had a forward transaction volume of $658 billion and a spot transaction volume of $59 billion in the first quarter of 2023. This figure rose to $1.4 trillion on the futures side and $160 million on the spot transaction side in the first quarter of 2024. So the company $1.6 trillion transaction volume reached.

The rise in the price of Bitcoin (BTC) and new token listings made this significant increase possible

According to Bitget’s statements, there are basically two reasons for such a serious increase in transaction volume. The first of these reasons is that the price of Bitcoin (BTC) a new ATH, meaning it has reached an all-time high. Moreover, Bitget will be launched in the first three months of 2024. 186 new crypto assets mention. These new listings allowed Bitget to reach more users. According to the statement, Bitget more than 25 million It has active users.

Of course, we shouldn’t forget that the cryptocurrency markets have been too seriously moved. The main reason for this is that the Bitcoin halving will now take place days later. If this is the case, money will flow into the markets in droves. Many people believe that the halving will bring a huge change to the cryptocurrency markets. upward trend He believes it will begin.

*This content should not be considered investment advice.