Bitoro’s Month in Review Update — April 2024
The first full calendar month since the launch of the Bitoro perpetual futures exchange is officially over. And what a wild ride it has been. In the last 30 days, we’ve inched towards the $1 billion trading volume milestone, onboarded tens of thousands of new traders, and added several new features to make Bitoro a better place to trade on and recommend to your friends.
Here’s everything that went down in the glorious month of April.
Growth across the board
We are extremely happy that traders from around the globe embraced the Bitoro platform since we first opened its doors on March 25. In fact, more than 21,000 Bitoro traders have racked up an impressive trading volume of over $720 million in just about 5 weeks — which translates to an average daily volume of nearly $21 million.
As such, our volume directly competes with some of the most established decentralized futures exchanges on the market, such as GMX, WooFi, and others.
Additionally, we also received tremendous love on our two social platforms. Our Twitter followers tripled to over 33,000, while our Discord channel is nearing the 40,000 member mark.
All this wouldn’t have been possible without the amazing support of our community. A huge thanks to everyone who joined and started trading on Bitoro ❤️.
First trading competitions concluded
Next on the list, we also completed our first two major trading competitions and challenges. Our Galxe campaign has ended on April 25 with more than 10,000 participants, while our Top-70 Trading Competition has wrapped up on April 30, with the top three traders generating close to $30 million in volume.
More challenges are already in the pipeline, so be sure to follow our socials to stay up to date on any developments.
BASE support and new trading pairs
The month of April has also seen added support for the BASE blockchain, which is one of the fastest-growing L2s of 2024 so far.
Additionally, we have added several new trading pairs, including $W, $WIF, $BCH, and $ONDO.
✨→ Trade with Bitoro here
What’s Next?
Of course, despite our recent successes, we’re only just getting started.
Later this week we will launch our referral program, which will provide attractive commissions and bonus Bitoro points to both referrers and the receivers. Additionally, you can also expect to see the addition of stop-loss and take-profit orders to Bitoro.
The next few weeks and months will see further improvements to our trading platform, including the roll-out of our API to trading bots, algo funds, HFT groups, and market makers. Furthermore, we will be working on connecting more liquidity providers to our aggregation engine and expanding support to more networks and trading pairs.
Last but not least, we’re looking forward to ramping up our growth initiatives and onboarding new ambassadors to the Bitoro community.
Thanks again to everyone who is following our development — we can’t wait to see how you like our upcoming improvements.
✨→ Trade with Bitoro here
About Bitoro
Bitoro is the world’s first leveraged trading protocol and aggregator for the perpetual futures market. Our primary goal is to unify the fragmented market under one platform, providing optimal prices, fees, liquidity, incentives, and unparalleled ease of use for traders.
