Bitget Takes the Lead Among Centralized Exchanges with 9754M Inflow in May

Bitget, the leading company in the world of cryptocurrency exchange and Web3, showed impressive resilience in May. Despite a 20.1% decrease in the combined spot and derivatives trading volume on centralized exchanges, which fell to $5.27 trillion, Bitget maintained its position as a top derivative exchange and experienced significant growth.
Bitget’s Open Interest Surges 39.2% to $9.74 Billion
According to CCData, open interest on derivatives exchanges reached $55.2 billion this week, marking a 30.5% increase. Bitget, in particular, saw a substantial 39.2% rise in open interest, reaching $9.74 billion. These strong figures solidify Bitget’s position as a premier derivative exchange.
Additionally, based on on-chain data from DeFiLlama, Bitget had the most significant one-month inflow among CEXs in May, with $975.4 million flowing into the exchange. This influx of capital further establishes Bitget as a major player in the market.
In May, Bitget expanded its asset offering by adding 62 new tokens, resulting in increased trading volumes and significant attention. The highest performing additions, including $TURBO, $MNTC, $CEL, $LIFEFORM, and $WOJAK, saw increases in value ranging from 260% to 1430%. These proactive measures to meet changing market demands demonstrate the significant revenue potential within Bitget’s ecosystem.
Bitget Lists 21 Tokens, Sees Gains Up to 86% in UDS
Bitget listed 21 tokens, with UDS appreciating by 86% and DOGEMOB by 26%. Furthermore, ATS and APRS experienced a market cap surge of 46% and 17% respectively, boosting demand and success for the product, as the average annual percentage rate (APR) ranges between 10% and 45%.
May was also a transformative month for Bitget, as the company appointed Gracy Chen as the new CEO and introduced a number of new strategic initiatives. These included the BWB token, Signal Bot for crypto trading insights on Telegram, the Elite Trader campaign, and the global event PIZZA DAY.
In conclusion, Bitget’s achievements in May demonstrate the efficiency of its strategic planning and its active response to market needs. By expanding its asset selection and introducing innovative tools and campaigns, Bitget continues to solidify its position in the cryptocurrency market, laying a strong foundation for future growth and success.