Bitget responds to discussions on trading volume/open interest: Striving to break through its own advantages, innovating while prioritizing both security and compatibility.

(This article is provided by Bitget)

This article is provided by Bitget.

Bitget, a leading global cryptocurrency derivatives exchange and copy trading platform, has listed over thirty new coins in the past month on its spot markets, including the Innovation Zone, Hong Kong Zone, ZK Zone, and Arbitrum Zone. Popular coins such as AI concept coins, NFT-related tokens, and Hong Kong concept coins have been added to its platform, along with related trading activities and prize pools worth tens of thousands of dollars.

In addition to actively expanding its spot markets, Bitget continues to enhance its existing "key" advantage – the most comprehensive copy trading platform. Since introducing contract copy trading functionality in 2020 and launching a new spot copy trading service earlier this year, Bitget plans to offer a more diverse range of cryptocurrency investment products in the future to enrich its platform offerings.

Gracy, General Manager of Bitget, stated, "Since the popularization of copy trading products, Bitget's total trading volume has increased by over 300%, with 42 million profitable trades. Bitget is a pioneer in promoting copy trading and leads the majority of exchanges in providing copy trading services."

Recent discussions online have touched on Bitget's trading volume, open interest (OI), and reserve certificates. Walden, Head of Bitget Taiwan Market, commented:

Due to differences in business focus, various values and ratios vary among different exchanges. Generally, spot users trade less frequently and tend to hold assets for the long term, while contract users engage in high-frequency trading with higher capital turnover rates. Moreover, trading volume significantly increases with leverage. Therefore, Bitget, with a growing presence in contract trading, may have higher OI and trading volume on the same asset reserves basis.

Regarding these discussions, Christina, Head of Public Relations at Bitget Taiwan, added, "In 2023, Bitget plans to focus more on spot, Launchpad, wealth management, and other businesses beyond contract trading, aiming to transition from a leading contract trading platform to a comprehensive cryptocurrency trading platform. With the development of these related businesses, Bitget believes it will achieve a more balanced growth across various metrics."