Bitget’s Q1 Trading Volume Surpassed $1.6 Trillion Amid Crypto Market Rally: Report
The first quarter of 2024 saw a major increase in demand for complex crypto products due to the crypto bull market, according to reports from various exchanges.
Bitget’s Q1 2024 Report shows a 100% surge in spot and futures trading transaction volume, topping $1.4 trillion and $160 billion, respectively.
The surge represents a substantial growth from the $658 billion in futures trading volume and $59 billion in spot trading volume, respectively , in Q1 of 2023.
In the first quarter, Bitget became home to more than 25 million users through its web3 wallet and trading platform.
“February saw a robust market recovery, with Bitcoin soaring to unprecedented heights,” the Bitget report said. Together with the buzz around Solana and advancements in the AI sector, this underscored the market’s dynamic nature.”
During Q1 2024, the market exchange introduced 186 new tokens, including Dogwifhat (WIF), Solana meme coin, and rollup utility token Altayler (ALT), which experienced a major pump of over 1,000% post-listing.
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