BitMart Weekly Report [03/23/2020–03/29/2020]
2 min readMar 31, 2020
Global Achievement:
- [bitmart.com] has reached the global website ranking of 55,550th last week among all websites.
- Highest 24-hour trading volume achieved: $1.86 Billion.
- Highest ranking achieved among all exchanges on CoinMarketCap: №7.
Product & Marketing Updates:
- Launched BitMart Lending Phase 7. Last week, BitMart Lending Phase 7 was launched with 15-day/30-day basic financial products in USDT and BMX. Plus, 15-day and 30-day choice POCBGH financial products were jointly launched by BitMart and POCBGH. The subscription period lasted for 2 business days and users who successfully subscribed in are earning interests now. Click here for more information.
- To celebrate the listing of new projects and the 2-year anniversary of BitMart. A series of trading competitions and social media giveaways are ongoing. Check our ongoing campaigns so you won’t miss your chance to win prizes:
- Ethercoin (ETE) Trading Competition & Trading Lottery
- Veil (VEIL) Deposit Bonus and Trading Competition
- Cryptobuyer Token (XPT) Deposit Bonus & Trading Competition
- Maxonrow (MXW) Trading Lottery
Latest News:
- As stated in the “Repurchase Mechanism” according to our white paper, BitMart has used 20% of the income earned from trading fees from February 20th, 2020 to March 19th, 2020 to repurchase and burn 4,068,458.746152193 BMX (approx. 46,380 USD). The Repurchase Mechanism will continue until 500 million BMX are burnt, thus reducing the total supply of BMX. Check the burn records via the announcement: BitMart Completes the 21st Monthly BMX Burn.
