Bitget reported that daily trading volume in the Bitget TradFi segment exceeded $2 billion shortly after the service’s public launch on January 5. The company attributes the result to a sharp increase in interest in «classic» instruments that traders use as insurance during market fluctuations.
Bitget reported that daily trading volume in the Bitget TradFi segment exceeded $2 billion shortly after the service’s public launch on January 5. The company attributes the result to a sharp increase in interest in «classic» instruments that traders use as insurance during market fluctuations.
According to Bitget, over the past 72 hours, the highest volumes on Bitget TradFi were in gold (XAUUSD), Dow Jones index (US30), Nasdaq 100 (NAS100), silver (XAGUSD), and EUR/USD. Gold has been the most popular instrument since launch: Bitget calls it a liquid «safe haven» asset to turn to in times of uncertainty, as well as a way to make money on short-term price movements.
Bitget Research’s chief analyst Ryan Lee attributed the capital flow into gold and silver to the markets’ transition to risk-off mode, when investors avoid risky assets. He also noted that, according to the team, the crypto market continues to show signs of «position holding»: in particular, there are decreasing coin balances on exchanges, stabilizing flows in ETFs, and high liquidity in stablecoins. Bitget CEO Gracie Chen added that the platform is betting on access to various asset classes «in one place» and is focusing on fees.
Bitget positions TradFi as a section where users can trade traditional instruments (metals, currencies, indices, and others) without leaving the exchange interface.
This is a service of the Bitget exchange, which was publicly launched on January 5. According to the company, it is aimed at traders who are used to the crypto market, but want to work in parallel with traditional assets as a hedging tool during volatility.
Previously, dev.ua wrote about how Bitget, the world’s largest universal exchange (Universal Exchange, UEX), announced that the cumulative volume of spot trading in tokenized shares on the platform exceeded $500 million.
