Bitget Reports Q2 Capital Inflows of $700 Million, Adds 2.9 Million Users

cryptocurrency exchange Bitget has reported $700 million in inflows in the second quarter of 2024 and an increase in website traffic. The company found that its traffic increased by 50 percent over the previous quarter and claimed to have attracted 10 million visitors per month in the second quarter. In addition, the exchange said it added 2.9 million new users and saw a 10 percent increase in spot market trading volume compared to the first quarter. The exchange also reported an increase in funding. The company cited an increase of at least 70 percent in its Bitcoin Tetcoin and Ether positions. a 73 percent increase in BTC positions, while USDT and ETH increased by 80 percent and 153 percent, respectively. bitget claimed that this amounted to a capital inflow of around $700 million.