DOGEMOB

Pizza

Elite

Gracy

Victoria, Seychelles, June 18th, 2024, Chainwire
Bitget, the world’s leading <a href="https://www.bitget.com/" rel="noopener noreferrer nofollow" target="_blank">cryptocurrency exchange</a> and Web3 company, has navigated May with resilience, maintaining its position as a top derivative exchange with the highest capital inflow amongst centralized exchanges and sustained open interest growth.
According to CCData’s report, During the wake of the Bitcoin Halving and BTC ETF events, the combined spot and derivatives trading volume on centralized exchanges declined by 20.1% to $5.27 trillion in May. However, open interest on derivatives exchanges surged by 30.5% to $55.2 billion. Against this backdrop, Bitget experienced a remarkable 39.2% increase in open interest, reaching $9.74 billion, solidifying its standing as a leading derivative exchange.
<img decoding="async" src="https://thenewscrypto.com/wp-content/uploads/2024/06/codeMjk5MzYxMTFlNmFmOGNmMjc5NmY5M2E4M2JiNDI3ZGNfMX_1718699280dF9rZvR1T0.jpeg">
Source: CCData
Concurrently, Bitget recorded the highest one-month inflows among all centralized exchanges in May, with $975.4 million in capital flowing into the platform according to on-chain data from <a href="https://defillama.com/cexs" rel="noopener noreferrer nofollow" target="_blank">DeFiLlama</a>. This substantial influx of capital firmly establishes Bitget as an industry leader.
Sou<img decoding="async" src="https://thenewscrypto.com/wp-content/uploads/2024/06/codeODU4NDlhYzMwOWI2NDljYjhlMWNmNzA4NGMzNGQ3OTVfaG_1718699280xvjuGWnQQh.jpeg">
Source: DeFiLlama
In May, Bitget significantly expanded its asset selection by listing 62 new tokens, driving notable interest and increased trading volumes. Among the top-performing additions, $TURBO, $MNTC, $CEL, $LIFEFORM, and $WOJAK saw impressive gains ranging from 260% to 1430%, demonstrating Bitget’s proactive approach to meet evolving market demands and highlighting the substantial potential for lucrative returns within its ecosystem.
<img decoding="async" src="https://thenewscrypto.com/wp-content/uploads/2024/06/codeNWNiOTNiYzM0ZWMwNDU1M2YwODQyZTdjZDc1YmI2OTJfMH_1718699378mP3ALlJadR.jpeg">
Source: Bitget
In addition, Bitget listed 19 new tokens on <a href="https://www.bitget.com/events/poolx" rel="noopener noreferrer nofollow" target="_blank">PoolX</a>, attracting 120,381 participants to stake a total of 427 million USDT throughout May. PoolX listed 21 tokens in total, with standout gains from UDS (86%) and DOGEMOB (26%), along with significant market cap increases for ATS (46%) and APRS (17%). The average annual percentage rate (APR) of 10%-45% further contributes to the product’s growing demand and success.
The month was also punctuated by pivotal developments at Bitget, including <a href="https://www.bitget.com/blog/articles/bitget-appoints-gracy-chen-as-ceo" rel="noopener noreferrer nofollow" target="_blank">the appointment of Gracy Chen as the new CEO</a>, the l<a href="https://www.prnewswire.com/apac/news-releases/bitget-wallet-lists-ecosystem-token-bwb-on-native-launchpad-seeks-to-capitalize-on-market-momentum-302150062.html" rel="noopener noreferrer nofollow" target="_blank">aunch of the BWB token</a>, a Signal Bot to revolutionize crypto trading insights dissemination on Telegram, the rollout of the <a href="https://www.bitget.com/blog/articles/bitget-launches-elite-trader-campaign" rel="noopener noreferrer nofollow" target="_blank">Elite Trader campaign</a>, and global celebrations of Pizza Day.
For more information on the monthly report, users can visit <a href="https://www.bitget.com/blog/articles/bitget-monthly-report-of-may-2024" rel="noopener noreferrer nofollow" target="_blank">here</a>.
<h3 id="strong-about-bitget-strong">About Bitget</h3>
Established in 2018, <a href="https://www.bitget.com/en/" rel="noopener noreferrer nofollow" target="_blank">Bitget</a> is the world’s leading <a href="https://www.bitget.com/" rel="noopener noreferrer nofollow" target="_blank">cryptocurrency exchange</a> and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, <a href="https://web3.bitget.com/en" rel="noopener noreferrer nofollow" target="_blank">Bitget Wallet</a> is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).
For more information, users can visit: <a href="https://www.bitget.com/en/" rel="noopener noreferrer nofollow" target="_blank">Website</a> | <a href="https://twitter.com/bitgetglobal" rel="noopener noreferrer nofollow" target="_blank"> Twitter</a> | <a href="https://t.me/BitgetENOfficial" rel="noopener noreferrer nofollow" target="_blank"> Telegram</a> | <a href="https://www.linkedin.com/company/bitget-global/" rel="noopener noreferrer nofollow" target="_blank"> LinkedIn</a> |<a href="https://discord.com/invite/bitget" rel="noopener noreferrer nofollow" target="_blank"> Discord</a> | <a href="https://web3.bitget.com/en" rel="noopener noreferrer nofollow" target="_blank">Bitget Wallet</a>
<h5>Contact</h5>
PR team media@bitget.com

Bitget Records Highest Capital Inflow and Open Interest Surged 39.2% in May, Reaching $9.74 Billion

Table of Contents

TheNewsCrypto

Other articles published on Jun 18, 2024

Solana Is Next After Ethereum ETF Launch

Shiba Inu Burn Rate Jumps 12842%, Will SHIB Price Recover From Crash?

BlockDAG Sets The Stage As The Premier Cryptocurrency for 2024 With A $30 Price Target, Outperfor...

Coinbase Launches Pre-Launch Trading for Early Altcoin Access: This is How You Can Make a Fortune

MoonBag Coin’s Presale Victory Lap: $2.4 Million Raised, Setting New Standard in Crypto Universe ...

Over 10.3 Billion MoonBag Coins Staked: Time to Move on from Fetch AI and Fantom for an 88% APY?

Join our free newsletter for daily crypto updates!