, meantime, are reducing staff amid a market rout that's seen the price of bitcoin, the largest cryptocurrency by market cap, slump more than 50% since the start of the year.
Bitget has experienced"tremendous growth and generating strong and recurring cash flow despite uncertain market conditions," the company said. Trading volume at the derivatives exchange grew 10-fold in the past 12 months, reaching an all-time high of $8.69 billion in March, said Managing Director Gracy Chen., with a trading volume of $7.4 billion in the past 24 hours as of the time of writing.it had registered with U.S.
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