Crypto Exchange Bitget Sees 200% Growth in India in 2022

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BANGALORE, India, Dec. 26, 2022 /PRNewswire/ — Leading cryptocurrency exchange Bitget has seen over 200% growth in digital asset trading volumes in the Indian market since its launch in early May 22. With more of 8 million users worldwide, Bitget has managed to capture a significant share of the South Asian market, which has led to an increase in retail user registrations.

Crypto Exchange Bitget Sees 200% Growth in India in 2022

Bitget’s performance has accelerated its positioning among other derivatives exchanges, rising from the top 20 to its current No. 5 position on Coingecko. It has seen more than 500% growth ($600 million to $5 billion) in its trading volumes globally.

Supporting the Cause of Social Trading Bitget has onboarded professional Indian traders for copy trading on the platform, transactions can be “copied” by new users entering the crypto space to gain better exposure. This feature has helped the organization register one of the highest growth rates in 2022.

“Bitget is a great platform for both novice and professional users. Its tremendous growth and increased security has led it to attract a slew of crypto investors,” says Pushpendra Singh, professional trader using Bitget.

“Members of the Crypto community tend to trust exchanges that strive to give more back to the community and Bitget does just that,” he added.

Since the collapse of the crypto giants, the industry has been under scrutiny. To help users build trust, Bitget launched its proof of reserves page as a full reserves exchange that helps users verify the safety and security of their assets in real time.

Bitget’s growth is also reflected in its internal progress. The team has grown from 200 people to over 800 people in less than a year. In 2022, Bitget launched a series of initiatives to build confidence in a declining market with the $5 million Builders Fund for those impacted by FTX, it increased asset security with a “Protection Fund of $300 million. On top of that, a big marketing campaign featuring Messi’s brand movie ‘Make it Count’ and World Cup themed activities were launched with a giveaway of up to BGB 1 million, as well as Messi’s autographed shirts and a collection of NFT seeds.

About Bitget

Bitget, established in 2018, is the world’s leading cryptocurrency exchange with innovative products and social trading services as its core features, currently serving over 8 million users in over 100 countries around the world.

The exchange is committed to providing a secure and one-stop trading solution to users and aims to increase crypto adoption through collaborations with credible partners including legendary Argentine footballer Lionel Messi, top Italian football team Juventus , the official PGL esports event organizer and esports leader Team Spirit.

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SOURCE bitget

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