Bitget sees largest market share growth after FTX bankruptcy
VICTORIA, Seychelles, Jan. 19, 2023 /PRNewswire/ -- Leading crypto derivatives exchange Bitget has become one of the world's top 3 crypto exchanges in the derivatives sector paired with enormous achievements, such as a 2.6x market share increase and 8 million registered users in 100+ countries globally, despite the poor market sentiment after FTX's bankruptcy in 2022.
- 2022 was one of the roughest years in the crypto industry, which saw the collapse of Terra LUNA, Celsius, and FTX, consequently wiping out over US$2 trillion from the crypto market.
- According to the latest data shared by the TokenInsight report , Bitget's market share increased dramatically from 3% to 11% after the collapse of the former second-largest exchange, FTX, marked the single largest market share growth in the crypto derivatives sector.
- Gracy Chen, Managing Director of Bitget remarks "2022 marked one of the most important years in the history of Bitget.
- We will also continue to expand our spot markets and improve our overall capabilities to optimize the trading experience on Bitget.