Bitget Grows to Become the Second-Biggest Crypto Exchange Ecosystem in Terms of Users

Breakthrough User Growth in 2024

Seychelles, Victoria, January 23, 2025 Korea Bizwire In celebration of a revolutionary year, Bitget, a well-known cryptocurrency exchange and Web3 firm, released its 2024 transparency report. Since its launch in 2018, the platform has grown to become the second-largest exchange ecosystem in terms of users. Bitget experienced unheard-of growth thanks to innovation, intelligent business strategies, and rising need for dependable platforms.

Bitget’s user base grew 400% between January and December 2024, from 20 million to over 100 million. A spike in trading activity coincided with this development, with daily trading volumes doubling to $20 billion. The amount of spot trading also increased dramatically, rising from $160 billion in Q1 to $600 billion in Q4. Bitget’s fiercely competitive products, user-focused innovations, and calculated international growth are the main reasons for this success.

Worldwide User Growth

Bitget’s user base grew significantly in several locations between 2021 and 2024. With 200% increase, South Asia was in the lead, followed by Southeast Asia with 140%. Latin America and the Middle East had significant increases in users, while Europe saw a 67% increase. Africa led the chart with a 300% growth, while the CIS area climbed by 150%.

Creative Product Lines

Bitget started projects in 2024 that accelerated its expansion within the ecosystem of the centralized exchange (CEX). Bitget’s wide range of centralized and decentralized services satisfied the increasing demand for digital assets around the world. The introduction of PoolX, a stake-to-mine platform that improved user involvement and investment variety, and the incorporation of Bitget Wallet’s “Smart Money” features for sophisticated on-chain data analysis were two significant advancements. Furthermore, Bitget’s pre-market trading platform made it easy to obtain liquidity and new coins before they were listed.

Partnerships and Strategic Investments

Bitget demonstrated its support for new trends like GameFi and Tap-to-Earn with its $30 million strategic investment in The Open Network (TON) blockchain, which it made in partnership with Foresight Ventures. TON’s decentralized app uptake and quick increase in transaction volumes further capitalized on market opportunities.

BGB, the ecosystem’s native coin, likewise saw impressive development. Thanks to an updated whitepaper, improved token usage, and a recently incorporated burn mechanism, its value grew tenfold to $8 before the end of the year. Quarterly token burn initiatives lowered supply and established BGB as a key element of Bitget’s expansion plan.

Developments in Leadership and Compliance

In 2024, Bitget’s leadership experienced substantial changes. Previously serving as the Managing Director, Gracy Chen took over as CEO, making her the sole female leader in the top 10 international exchanges. Hon. Ng as Chief Legal Officer, Vugar Usi Zade as Chief Operating Officer, and Min Lin as Chief Business Officer were among the other significant hires. Driving strategic initiatives, improving user-focused advancements, and expanding compliance have all been made possible by this leadership team.

A UK license, an El Salvadorian Bitcoin Service Provider (BSP) license, and the opening of a localized exchange in Vietnam are among the crucial regulatory permissions that Bitget has also obtained. These benchmarks expanded the platform’s worldwide reach while conforming to local standards.

Initiatives for Corporate Social Responsibility

Programs like Blockchain4Her, which encourages gender diversity in blockchain, and Blockchain4Youth, which aims to increase blockchain understanding among young professionals worldwide, demonstrated Bitget’s dedication to corporate social responsibility. The exchange’s overarching goal of promoting inclusive growth within the Web3 ecosystem is reflected in these activities.

Toward 2025

Bitget is positioned for continued growth and influence in the cryptocurrency ecosystem as it enters 2025 thanks to strategic investments, legislative victories, and user-centric developments. The platform’s strategic vision and its crucial role in influencing the direction of blockchain and cryptocurrency are highlighted by its accomplishments in 2024.

Concerning Bitget

Bitget was established in 2018 and is a world leader in Web3 solutions and cryptocurrency exchanges. Bitget provides cutting-edge trading capabilities like copy trading and real-time access to cryptocurrency values, and it serves more than 45 million customers in more than 150 countries. Bitget Wallet, formerly known as BitKeep, is a feature-rich multi-chain cryptocurrency wallet that includes token swaps, wallet functions, an NFT marketplace, and a DApp browser.

Bitget promotes cryptocurrency adoption through strategic alliances, such as its work with Turkish national athletes to encourage cryptocurrency use worldwide and its position as LALIGA’s Official Crypto Partner in the Eastern, Southeast Asian, and Latin American markets.

Warning of Risk

The price of digital assets is erratic and prone to large swings. Only money that investors can afford to lose should be invested. Financial goals might not be met by investments, and the main amount could be lost. Getting independent financial guidance is highly advised. Performance in the past does not guarantee future outcomes. For further details, please see Bitget’s Terms of Use.

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