Platform's Q2 2024 report reveals $700 million in capital inflow and a 50% increase in website traffic.
It also added 2.9 million new users and increased its overall market share.
Although
Bitget is not the largest cryptocurrency exchange in terms of total volumes, it
closed a favorable quarter. From April to June, the platform ranked third in
net capital inflow and showed the strongest market share growth compared to its
competitors.
Investors
transferred $700 million to Bitget in the second quarter, and activity on the
platform increased by nearly 50%.
Bitget Reports $700M
Capital Inflow and 50% Traffic Surge in Q2 2024
The
exchange experienced a surge in user funds, with Bitcoin (BTC), Tether (USDT),
and Ethereum (ETH) holdings increasing by 73%, 80%, and 153%, respectively,
over the first six months of the year. This growth coincided with the
addition of 2.9 million new users to the platform.
This placed
Bitget among the top exchanges with the highest net positive inflows in the
past quarter. Only Binance, which remains the market leader, and Bitfinex
achieved better results in this category.
According
to CCData's latest H2 Outlook Report, the exchange also reported the largest
market share growth among centralized exchanges, increasing by 38.4% from H2
2023 to H1 2024.
Bitget's
spot trading volume saw a visible uptick too, rising from $28 billion in Q1 to
$32 billion in Q2, marking an increase of over 10%. The platform's
monthly visitors reached 10 million. Although its volumes are increasing, Bitget still does not rank among
the top 10 cryptocurrency exchanges in terms of spot trading.
The changes occurring in the centralized cryptocurrency exchange market show that competition is becoming increasingly intense. An example of this is the recent surge in popularity of Bybit, which has become the second-largest exchange in terms of spot trading volumes.
Sport Sponsorships and New
Products
Gracy Chen, Source: LinkedIn
Gracy Chen,
CEO of Bitget, commented on the quarter's performance, stating, "Q2 2024
has been a pivotal period for Bitget. Our collaboration with Turkish athletes
along with significant growth in users and website traffic is a part of our
global expansion."
The
exchange also launched a $20 million TON Ecosystem Fund in collaboration with
Foresight Ventures to support early-stage projects on The Open Network.
The
exchange introduced two new initial token listing products, PoolX and
Pre-market, which collectively launched over 100 projects. What is more, Bitget's
native token, BGB, was recognized as the best-performing centralized exchange
token in June and was ranked in the top 10 cryptocurrencies by Forbes.
In its
latest move, the cryptocurrency exchange aimed to become a regulated player in India.
This announcement comes as the most populous democracy grapples with the
complexities of integrating cryptocurrencies into its financial ecosystem.
Also recently,
Bitget Wallet announced a joint investment with the crypto investment firm
Foresight X in Tomarket, a decentralized trading platform. This venture targets
emerging asset classes and aims to expand the wallet's services beyond
traditional decentralized exchanges (DEXs).
Although
Bitget is not the largest cryptocurrency exchange in terms of total volumes, it
closed a favorable quarter. From April to June, the platform ranked third in
net capital inflow and showed the strongest market share growth compared to its
competitors.
Investors
transferred $700 million to Bitget in the second quarter, and activity on the
platform increased by nearly 50%.
Bitget Reports $700M
Capital Inflow and 50% Traffic Surge in Q2 2024
The
exchange experienced a surge in user funds, with Bitcoin (BTC), Tether (USDT),
and Ethereum (ETH) holdings increasing by 73%, 80%, and 153%, respectively,
over the first six months of the year. This growth coincided with the
addition of 2.9 million new users to the platform.
This placed
Bitget among the top exchanges with the highest net positive inflows in the
past quarter. Only Binance, which remains the market leader, and Bitfinex
achieved better results in this category.
According
to CCData's latest H2 Outlook Report, the exchange also reported the largest
market share growth among centralized exchanges, increasing by 38.4% from H2
2023 to H1 2024.
Bitget's
spot trading volume saw a visible uptick too, rising from $28 billion in Q1 to
$32 billion in Q2, marking an increase of over 10%. The platform's
monthly visitors reached 10 million. Although its volumes are increasing, Bitget still does not rank among
the top 10 cryptocurrency exchanges in terms of spot trading.
The changes occurring in the centralized cryptocurrency exchange market show that competition is becoming increasingly intense. An example of this is the recent surge in popularity of Bybit, which has become the second-largest exchange in terms of spot trading volumes.
Sport Sponsorships and New
Products
Gracy Chen, Source: LinkedIn
Gracy Chen,
CEO of Bitget, commented on the quarter's performance, stating, "Q2 2024
has been a pivotal period for Bitget. Our collaboration with Turkish athletes
along with significant growth in users and website traffic is a part of our
global expansion."
The
exchange also launched a $20 million TON Ecosystem Fund in collaboration with
Foresight Ventures to support early-stage projects on The Open Network.
The
exchange introduced two new initial token listing products, PoolX and
Pre-market, which collectively launched over 100 projects. What is more, Bitget's
native token, BGB, was recognized as the best-performing centralized exchange
token in June and was ranked in the top 10 cryptocurrencies by Forbes.
In its
latest move, the cryptocurrency exchange aimed to become a regulated player in India.
This announcement comes as the most populous democracy grapples with the
complexities of integrating cryptocurrencies into its financial ecosystem.
Also recently,
Bitget Wallet announced a joint investment with the crypto investment firm
Foresight X in Tomarket, a decentralized trading platform. This venture targets
emerging asset classes and aims to expand the wallet's services beyond
traditional decentralized exchanges (DEXs).
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
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🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
