Bitget Exchange Reports Significant Growth in Employees and User Base, Highlights Focus on Bitcoin Expansion in 2024
Seychelles-based cryptocurrency derivatives exchange Bitget has seen prolific growth in its employee and user base in 2023.
According to its recently released year-end report, the crypto exchange Bitget has reported aggressive workforce expansion and a significant increase in its user base during 2023. The company’s team grew from 1,100 to 1,500 employees, reflecting a substantial leap in its growth trajectory.
This expansion aims to provide enhanced support across Bitget’s operations, particularly in the fast-growing spot markets. This aggressive hiring initiative is in contrast to the employment cuts observed in some other cryptocurrency firms during the recent market downturn.
Additionally, Bitget also witnessed more than double its user base, growing from 8 million to 20 million in 2023. The new users, predominantly from Generation Z, indicate the platform’s popularity among younger demographics.
Bitget emphasized its commitment to delivering superior customer support with a user-centric approach, having engaged with and assisted 600,000 users through online customer service and the recovery of over 495,000 USDT in missing assets.
The cryptocurrency trading platform also reported substantial growth in spot trading volumes in 2023, with a year-over-year increase of 94%. For instance, the platform’s volume at the beginning of the year was $15.3 billion, and by November 2023, it had grown to almost $30 billion, marking a significant increase.
The company initially focused on crypto derivatives and strategically reopened its spot markets in 2021, a move that proved successful in capturing market demand.
Sandra Chen, CEO of Bitget, highlighted the company’s strategic shift, stating,
“Though originally focused on futures products,
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