The Bitget Monthly Report for November 2023 reveals an extraordinary performance with many news in the context of crypto and Web3.
In the final part of the year, Bitget has shown remarkable resilience and growth, consolidating its position as a global leader in the blockchain ecosystem.
Summary
Among the news from Bitget’s crypto report: 82% increase in Spot Trading
Bitget, the leading global cryptocurrency and Web3 exchange platform, has officially released its monthly report for November 2023.
In a crypto-market context that is emerging from a year of instability and increasing regulation, Bitget has demonstrated a surprising ability to recover and develop throughout the entire month.
This period marks the first anniversary of market challenges, but both Bitcoin and altcoins have recorded a constant upward trajectory.
Bitcoin has experienced a 130% increase compared to the 2022 lows, surpassing the $700 billion market capitalization threshold.
Bitget has reflected this momentum with a significant 82% increase in spot trading volume.
News about Bitget’s Highlights of Business Results and Crypto Collaborations
The Blockchain4Youth (B4Y) project by Bitget, worth 10 million dollars and focused on Web3, has launched a Hackathon dedicated to Indian blockchain start-ups, encouraging collaboration and identifying promising projects.
Bitget Academy has collaborated with the Blockchain Society and the FinTech Society of University College London, providing students with practical insights into blockchain technology and trading as part of the Blockchain4Youth initiative.
Expanding the scope of B4Y and Bitget, the Builders Global Tour in Mombasa marked the beginning of the Bitget Builders Program, with the aim of nurturing the next generation of leaders in the crypto sector.
As a sign of gratitude to its community, Bitget has launched limited edition NFTs for Bitget Builders, recognizing the top contributors with exclusive benefits.
Bitget Wallet has consolidated a partnership with Chiliz, integrating the Chiliz Chain to manage CHZ tokens and fan tokens.
Business growth and results of Bitget’s different modes
Addition of 51 new tokens: Bitget has expanded its offering by including 51 new tokens, generating considerable interest and significant price increases, with standout performances like MEMECOIN surpassing 2000%.
Copy Trading Success: Bitget has maintained its position as a global leader in copy trading, attracting 5,000 elite traders and over 20,000 new followers in November. Traders have collectively earned over 445,000 USDT.
Launch of Elite Trader private mode: Bitget has introduced the Elite Trader private mode, enhancing the copy trading experience with personalized follower management and flexible profit sharing reports.
Expansion of P2P in the Middle East: Bitget P2P has expanded its fiat gateways in the Middle East, allowing users to buy and sell cryptocurrencies with zero fees, using seven different currencies.
MEV Protection Update: Bitget Wallet has strengthened its MEV protection function by integrating with Flashbots, addressing the issues related to MEV attacks on the Ethereum network.
Bitget Wallet has expanded support for cross-chain trading and interoperability through collaboration with zkLink, WOOFi, and Bungee.
Global presence and community involvement
Bitget has actively participated in major global conferences, conducting engaging roundtables and workshops, including the Melbourne Crypto Convention in Australia, Devconnect in Istanbul, Labitconf in Buenos Aires, and so on.
Bitget has provided crucial insights on Binance’s regulatory challenges, the surge in BRC-20 market cap, the popularity of memecoins, and significant news such as Hong Kong’s approval of the first BTC ETF in Asia.
Gracy Chen, Managing Director of Bitget, has shared her exclusive insights on Bitcoin rallies, spot ETFs, and the intersection of cryptocurrencies with traditional finance and the real economy.
He emphasized the importance of isolating cryptocurrencies from traditional finance.
Conclusions
In conclusion, Bitget’s report for November 2023 traces an impressive trajectory in the cryptocurrency and Web3 landscape.
Through a series of business successes, strategic partnerships, and growth initiatives, Bitget has proven to be at the forefront of the industry.
Its ability to adapt to market challenges and drive innovation, highlighted by an 82% increase in spot trading volume and the expansion of global partnerships, confirms its position as a leader in shaping the future of cryptocurrencies.
In a period of increasing regulation and market changes, Bitget emerges strengthened, positioning itself uniquely to continue driving the adoption and prosperity of the blockchain ecosystem on a global scale.
