Cryptocurrency exchange and leading Web3 company Bitget has announced financial results for January 2024.
Bitget reported an increase in derivatives trading volume for the first month of this year, outperforming the market by an impressive 28%. Optimism in the cryptocurrency market soared in early January amid the approval of the Bitcoin ETF and the upcoming Bitcoin halving. Cryptocurrency derivatives trading on the crypto exchange surged amid the market's 1.3% rise.
Bitget leads the industry with more than 26,990 new subscribers and 4,400 large traders added in January. Bitget launched 52 new digital assets on the platform to provide access to high-potential tokens.
According to the report, the platform saw a significant increase in spot trading volume, up 9.4% on market growth of 2.6%.
The crypto exchange also cites successes in copy trading. Crypto traders using this passive income tool on Bitget made over 2.2 million profitable trades, generating $15 million in profits for the month. This confirms Bitget's status as a leading platform for copy trading.
Bitget analyzed the funding of blockchain startups and found a significant gender gap in the sector. According to the study, female-led startups received only 6.34% of the total funding in 15 months. Between 2022 and 2023, the number of female-led startups decreased by 45.2%, but their representation increased from 8.3% in 2022 to 8.6% in 2023.
For this reason, Bitget decided to introduce the Blockchain4Her project, which has been allocated $10 million. The initiative aims to promote female startups and inclusivity in the blockchain industry. The project was presented this year at the Web3 Hub in Davos at the World Economic Forum 2024. As Bitget points out, the exchange aims to empower female developers by introducing gender-specific programs and competitions.
Bitget is also proud of its partnership with soccer legend Lionel Messi. This partnership is now in its second year. A branded film reflecting Messi's journey from adversity to greatness was released to encourage soccer fans to explore cryptocurrency investing and seize opportunities for success.
Bitget's report also provides statistics on the changing job market. As it turns out, a significant portion of crypto professionals are now former bankers. In fact, over 30% of cryptocurrency job applicants are professionals from the traditional banking system. This is due to higher salaries and technological innovations in the crypto sector.
Read also: Solana and Filecoin partnership can change the blockchain ecosystem
