Bitget: Defying The Crypto Odds in 2021
As 2021 comes to an end, we can look back and say that 2021 was a pivotal year for the crypto industry. Significant milestones have been achieved, with Bitcoin (BTC) reaching new all-time highs on multiple occasions, the nonfungible token boom and decentralized finance (DeFi) seeing widespread adoption by central governments and traditional financial institutions. Cryptocurrency exchanges have played a significant role in the markets’ unprecedented growth in 2021, with players such as Bitget leaving their imprints on the ecosystem.
Bitget was founded in Singapore in April 2018. After two years of development, the total number of users on the platform has surpassed 1.5 million with a 24hr trading volume exceeding $5.5Billion. The company is still in the hyper-growth phase with continued global expansion in geographies such as Japan, South Korea, Russia, India, Malaysia, the Philippines, and most of Europe. Offices in Tokyo and New Delhi help them maintain their global presence and help run their multilingual support operation (for over 40 countries) with ease.
Bitget’s digital asset business has increased worldwide, making significant contributions to the futures trading sector, which has seen the derivatives exchange rise to rank in the top five in the world in terms of futures trading. Its average daily futures trading volume is 10 times higher than the previous year, and its total annual revenue has exceeded $300 million, establishing it as a unicorn in the global digital financial market. In addition, in March 2021, the company acquired BitKeep, Asia’s most prominent decentralized wallet, and has become the world’s leading centralized finance and DeFi 360 trading platform that provides multi-dimensional asset protection to better service the platform users and opens up a new traffic entrance for the exchange.
Early this month, Bitget took things further by establishing its investment firm, Foresight Ventures. Foresight Ventures has official partnerships with reputable blockchains such as Avalanche and Arweave and extensive collaborations with many global investment institutions such as Republic Realm. In addition, its portfolio includes several promising projects, including Matrixport, RSS3, Realy, Colony, Everpay and Defina, to name a few.
Bitget has maintained its position as a regulatory compliant cryptocurrency exchange, and to expand its global footprint, it has formed strategic partnerships with big names in sports, such as becoming Juventus’ first sleeve partner, and PGL Stockholm 2021, a significant esports event. It will not be surprising to see more sponsorship deals under Bitget in 2022.
Bitget’s ultimate goal is to provide an unparalleled and globally accessible trading experience. According to official reports, Bitget will continue its expansion in European, African and Latin American markets in 2022 with a user-centric approach, leveraging its innovation power to launch valuable products and list prospective projects. Bitget has demonstrated exceptional commitment and leadership in 2021, and its rapid growth is definitely one to be watched in the industry. With 2022 only a few days away, Bitget appears to be stronger than ever, and we’re eagerly awaiting what they have in store.
Today, Bitget's forward contract trading volume ranks first in the world. Bitget can be the first stop for beginners and experts in contract trading alike. In August of 2019, they launched a Perpetual Contract Research Institute, Perpetual Contract Big Data Broadcasting, and Bitget Lecture Room which are all services dedicated to the popularization of contract product applications. This enriches Bitget's content ecology and makes it a one-stop ecosystem for both beginners and experts.
Users are not the only ones that trust the platforms; investors have shown interest too. They have received over $10 million US Dollars in Series B investments led by the world’s top game company SNK and co-invested by Anlan Capital. Now, the exchange can officially be called a Unicorn with a valuation of over $1Billion.