The exchange’s Q1 2024 report highlights a growing customer appetite for complex crypto products during the crypto bull market.
Futures and spot volume on crypto exchange Bitget topped $1.4 trillion and $160 billion in the first quarter, growing substantially from the $658 billion in futures trading volume and $59 billion in spot trading volume, respectively, in Q1 of 2023.
According to its Q1 2024 report released on April 11, the exchange now has more than 25 million users through its trading platform and Web3 wallet. “Q1 2024 has been notable for several key developments in crypto,” the exchange wrote, adding: “February saw a robust market recovery, with Bitcoin soaring to unprecedented heights. Together with the buzz around Solana and advancements in the AI [artificial intelligence] sector, this underscored the market’s dynamic nature.”
During the quarter, the exchange listed 186 new tokens, with Solana memecoin Dogwifhat (WIF) and rollup utility token Altlayer (ALT) witnessing gains of over 1,000% post-listing.
