Bitget_Sees_Explosive_Growth_in_Q2_2024,_with_$700M_Capital_Inflow

Bitget, a prominent cryptocurrency exchange, has published its Q2 2024 transparency report, revealing impressive growth and milestones achieved in the first half of the year. Notably, the report highlights a significant 50% surge in website traffic, resulting in a substantial 10 million monthly visitors. According to the exchange’s proof-of-reserve data, there has been a substantial […]

The post Bitget Sees Explosive Growth in Q2 2024, with $700M Capital Inflow and 50% Rise in Traffic appeared first on Coin Edition.

Bitget_Sees_Explosive_Growth_in_Q2_2024,_with_$700M_Capital_Inflow

  • Bitget’s website traffic surged by 50% in Q2, attracting 10M monthly visitors.
  • The exchange saw a significant capital inflow of approximately $700 million.
  • Bitget’s spot trading volume reached $32B in Q2 2024, with the addition of 2.9M million new users.

Bitget, a prominent cryptocurrency exchange, has published its Q2 2024 transparency report, revealing impressive growth and milestones achieved in the first half of the year. Notably, the report highlights a significant 50% surge in website traffic, resulting in a substantial 10 million monthly visitors.

According to the exchange’s proof-of-reserve data, there has been a substantial influx of funds, with users’ holdings in Bitcoin (BTC), Tether (USDT), and Ethereum (ETH) increasing by 73%, 80%, and 153%, respectively. This translates to a total capital inflow of approximately $700 million. Furthermore, the platform has seen an influx of new users, with 2.9 million registrations added during this period.

In addition to its website traffic and user base growth, Bitget’s spot trading volume also experienced a significant boost, rising by over 10% from $28 billion in Q1 to $32 billion in Q2. The exchange furth…

The post Bitget Sees Explosive Growth in Q2 2024, with $700M Capital Inflow and 50% Rise in Traffic appeared first on Coin Edition.