A testament to an exchange’s legitimacy and reliability is its ability to facilitate large volumes of assets for trading. Recently, Bitget became the third largest exchange by derivatives volume according to CoinMarketCap, which uses different factors to measure its ranking. Here are a few ways they achieved these monumental achievements:

BGB hits a new all-time high: Bitget’s native token, BGB, reaches $8.5 because of the explosive growth the Bitget ecosystem has experienced in 2024.

BGB and BWB merger: Bitget decides to merge its two tokens, BGB and BWB, to provide all users exposure to the Bitget ecosystem.

Increased trading volume interest: On November 13, Bitget experienced its most explosive trading volume, having over $10 billion in spot trading volume and $77 billion in futures trading volume within 24 hours.

User Growth: At the start of the year, Bitget had 20 million users. Recently, this user count has then surpassed 45 million users, becoming the 4th largest crypto exchange by volume, with a 400% user increase through product innovation and regional expansion.

Token Expansion: In a recent quarterly transparency report, Bitget added more than 70+ tokens, now offering over 800 tokens and 900+ trading pairs.

Staking Success: PoolX staking platform saw 94,805 participants, with staked value doubling to $2.3 billion. Popular pools were BGB, BTC, ETH, and USDT.

TON Ecosystem Support: Invested $30 million with Foresight Ventures in TON, supporting projects like DOGS, Hamster Kombat, and Notcoin to leverage Telegram's user base.

LALIGA Partnership: Multi-million dollar deal to boost crypto and Web3 adoption in Eastern Europe, Southeast Asia, and LATAM through sports.

Token Discovery with Nansen: Enhanced token selection with on-chain data, leading to 240 new listings since April, focusing on early-stage offerings.

These astounding achievements are the cause for both the increase in trading volume and userbase. Bitget’s ability to handle an increase of trading volume shows their reliability as an exchange to deliver its users’ needs. However, it is important to do sufficient research before selecting your exchange of choice, such as government regulations, availability of trading pairs, liquidity, security, and many more.

Disclaimer: Tokens mentioned in this article are not financial advice. The purchase of cryptocurrency may result in financial losses if done recklessly.