Bitget Reports 82% Surge In Crypto Spot Trading For November

Bitget, the world's leading cryptocurrency exchange and Web3 company, released their Monthly Report of November 2023 today. In a crypto landscape recovering from a year of turbulence and tightening regulations, Bitget showcased remarkable resilience and growth throughout November 2023. This month marked the first anniversary of market challenges, yet both Bitcoin and altcoins experienced consistent upward trends. Bitcoin surged 130% from its 2022 lows, surpassing a US$700 billion market cap. Bitget mirrored this momentum with an 82% increase in spot trading volume.

Business Performance Highlights:

1. Hackathon for Indian Blockchain Startups: Bitget's US$10 million Blockchain4Youth (B4Y) Web3-focused project initiated a Hackathon for Indian blockchain startups, fostering collaboration and identifying promising projects.
2. Educational Partnership with UCL: Bitget Academy partnered with University College London’s Blockchain Society and FinTech Society, offering students practical insights into blockchain technology and trading under the Blockchain4Youth initiative.
3. Bitget Builders Global Tour: Expanding B4Y and Bitget's reach, the Builders Global Tour in Mombasa marked the initiation of the Bitget Builders Program, aiming to cultivate the next generation of crypto leaders.
4. Limited Edition NFTs: To express gratitude to its community, Bitget launched limited edition NFTs for Bitget Builders, recognising core contributors with exclusive benefits.
5. Partnership with Chiliz: Bitget Wallet partnered with Chiliz, integrating the Chiliz Chain to manage CHZ tokens and fan tokens.

Business Growth and New Listings:

1. 51 New Token Listings: Bitget added 51 tokens, generating significant attention and notable price surges, including standout performances like MEMECOIN soaring over 2000%.
2. Copy Trading Success: Bitget maintained its position as the leading global crypto copy-trading exchange, attracting 5,000 elite traders and over 20,000 new followers in November. Traders collectively earned over 445,000 USDT.
3. Elite Trader Private Mode Launch: Bitget introduced the Elite Trader Private Mode, enhancing the copy trading experience with personalised follower management and flexible profit-sharing ratios.
4. P2P Expansion in the Middle East: Bitget P2P expanded its fiat gateways in the Middle East, allowing users to buy and sell crypto with zero fees using seven different currencies.
5. MEV Protection Upgrade: Bitget Wallet strengthened its MEV protection feature by integrating with Flashbots, addressing issues of MEV attacks on the Ethereum network.

Ecosystem Partnerships:

Bitget Wallet expanded support for cross-chain trading and interoperability by partnering with zkLink, WOOFi, and Bungee.

Global Presence and Community Engagement:

Bitget actively participated in major conferences worldwide, conducting engaging panel discussions and workshops, including Australia Crypto Convention in Melbourne, Devconnect in Istanbul, Labitconf in Buenos Aires and so on.

Bitget Research and Academy Insights:

Bitget provided must-read insights on Binance’s regulatory challenges, the surge of BRC-20 market cap, the popularity of memecoins, and significant news like Hong Kong's approval of the first BTC ETF in Asia.

Gracy Chen's Exclusive Perspectives:

Gracy Chen, Managing Director of Bitget, shared exclusive insights on Bitcoin rallies, spot ETFs, and the intersection of crypto with traditional finance and the real economy. She emphasised the importance of isolating crypto from traditional finance.

Bitget's November 2023 report encapsulates groundbreaking achievements, reinforcing its commitment to driving crypto adoption, fostering education, and expanding its ecosystem for the benefit of its growing global community. Despite market challenges, Bitget not only weathered the storm but emerged stronger, setting the stage for continued success in the evolving crypto landscape.

About Bitget

Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organiser PGL.