Bitget Sees Market Share Increase in Q2, with $BGB Becoming Best-Performing CEX Token

Bitget Sees Market Share Increase in Q2, with $BGB Becoming Best-Performing CEX Token

Crypto exchange Bitget released its Q2 2023 report. According to the report, though the total trading volume on centralized exchanges declined in Q2, Bitget mananged to increase its market shares. In addition, $BGB is the best-performing CEX token in Q2.

Bitget recorded a trading volume above $60 billion for spot trading and $606 billion for futures trading in Q2. According to TokenInsight's Crypto Exchange Report 2023Q2, Bitget ranks the fourth in trading volume among all CEXs, and its market share increased by 1.81% to 8.7%, the second-highest increase among the Top5 CEXs. In the spot market, Bitget doubled its market share to 6%. Meanwhile, according to Nansen, Bitget was the only crypto exchange to increase futures trading volumes in the six months following the collapse of FTX.

In terms of the performance of CEX tokens, the price of $BGB went up by nearly 23% QoQ, more than other tokens of Top10 CEXs. It reached ATH at $0.51 in Q2. In addition, the volume of $BGB traded increased by almost 80% to $1.3 million, and the number of $BGB holders rose by 130% to 305,653.

In Q2, Bitget listed 81 new tokens, and launched multiple new products such as multi-chain EVM-compatible address, Martingale AI strategy, and more.

Related: Crypto Exchange Report 2023Q2

 

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