BCG Report: Bitget surpasses FTX in derivatives trading volume

moneycontrol.com:

Bitget, one of the leading derivatives exchanges, has surpassed FTX and top exchanges including KuCoin, Crypto.com, Huobi Global and more in derivatives trading volume as per data provided on CoinGecko.

As the overall crypto market continues to face volatility and negative tailwinds, Bitget has moved inversely projecting 500% + growth in trading volumes. Maintaining a tremendous growth record to generate strong and recurring cash flow despite uncertain market conditions.

A recent research report issued in collaboration with Boston Consulting Group (BCG) has unveiled substantial development trends in crypto trading markets, its role in enabling the Web3 economy and shares insights on navigating the crypto space during a bear market.

The report states Bitget's derivatives trading volume has exceeded that of FTX, ranking third globally. Since its global expansion in 2021, Bitget has grown rapidly, and captured 10% of the total global derivatives volume, predominantly due to the popularity of its flagship social trading products, most notably the One-Click Copy Trade product.

Bitget's One-Click Copy Trade has amassed over 55,000 professional traders, with approximately 1.1 million followers.

Most recently, Bitget also announced the launch of the US$200 million BitgetProtection Fund, as part of its continued efforts in prioritising security, ensuring its users' assets are safeguarded. The Bitget Protection Fund was created with the goal to provide unparalleled security and to ensure a secure and safe trading experience for users around the world. The fund will ultimately act as a safeguard for Bitget users and the Bitget trading platform, while also helping to usher in a new era of safety and protection in the crypto space as a