Bitget, the cryptocurrency derivatives exchange based in Seychelles, has undergone substantial expansion, growing its workforce from 1,100 to 1,500 employees, paralleling the expansion of its user base from 8 million to 20 million.
Gracy Chen, the managing director at Bitget, highlighted the pivotal role played by the support team in successfully recovering over 495,000 USDT in missing assets, as stated in an open letter.
Benefiting from the market's recovery, Bitget witnessed a notable surge of 94% in spot trading volume throughout 2023. Simultaneously, the exchange introduced 355 new coins, resulting in a substantial 46% year-over-year increase in issuance.
The exchange's positive business performance also reflected in the remarkable growth of Bitget's native token BGB. Commencing the year at $0.18, BGB soared to an all-time high of $0.704 in December, marking an impressive surge of 291%. This propelled BGB to rank among the top 5 CEX platform tokens by market capitalization.
Looking forward to the growth strategy for the upcoming year, Bitget has outlined three primary areas of focus: compliance, emerging markets, and Web 3.
In July 2023, Bitget underwent a rebranding initiative after acquiring BitKeep, resulting in the latter being rebranded as Bitget Wallet. This strategic move significantly boosted trading volumes on the exchange, briefly elevating Bitget to the position of the fourth-largest cryptocurrency exchange by trading volume, as highlighted in TokenInsight’s Q2 report.
Additionally, in August, Bitget announced a year-long partnership with popular American actor and comedian Adam Devine as part of the #SetForChange campaign. Furthermore, the derivatives market launched the ‘Bitget EmpowerX Fund’ aiming to maximize its long-term impact on the digital asset space and its ecosystem.
