News Department Crypto 23 January 2025, 13:14

Bitget exchange has become the second largest cryptocurrency ecosystem by number of users

The crypto exchange's user base increased from 20 million in January to over 100 million in December.

Bitget , a leading cryptocurrency exchange and Web3 company, has released its 2024 Transparency Report, its most successful since its launch in 2018. The company has become the second largest ecosystem by number of users. Thanks to innovation, strategic business decisions, and high demand for reliable services, Bitget’s growth has exceeded all expectations.

The crypto exchange’s user base grew from 20 million in January to over 100 million in December, a growth of over 400%. This growth was accompanied by a significant increase in trading activity: daily trading volumes doubled to $20 billion. Spot trading volume increased from $160 billion in the first quarter to $600 billion in the fourth quarter. These results were made possible by a strategic approach, competitive offerings, user-centric innovations, and global expansion.

From 2021 to 2024, Bitget’s user base grew significantly across regions: South Asia grew by 200%, Southeast Asia by 140%, Europe by 67%, and Latin America and the Middle East saw significant growth. The CIS region saw a 150% growth, while Africa saw a record 300% growth.

During 2024, Bitget implemented a number of initiatives that helped accelerate growth in the centralized exchange (CEX) ecosystem. The company met the growing global demand for digital assets by offering a wide range of centralized and decentralized services. The integration of Bitget Wallet’s “Smart Money” tools designed for blockchain data analysis and the launch of the PoolX staking platform increased user engagement and diversified investment opportunities. A pre-market platform was also launched, providing access to new tokens and liquidity prior to their listing.

Bitget invested $30 million in The Open Network (TON) blockchain with Foresight Ventures, backing trends such as GameFi and Tap-to-Earn. The rapid increase in transaction volume and the adoption of decentralized applications on the TON platform have played a key role in seizing market opportunities.

The platform’s native token, BGB, grew by over 1000%, increasing its value 10x to $8 by the end of the year. The implementation of a token burn mechanism, expanded functionality, and updated whitepaper contributed to this growth. The quarterly token burn program has solidified BGB’s position as the core of the ecosystem’s future growth.

In 2024, key personnel changes defined the trajectory of Bitget’s development. Gracie Chen, previously the Managing Director, took over the company, becoming the only female leader among the top 10 global exchanges. Also joining the leadership team were Hong Ng as General Counsel, Vugar Wuzi Zadeh as COO, and Ming Lin as CBO. This team played a strategic role in implementing initiatives, improving compliance, and user-centric development.

Bitget has secured a number of key licenses, including a license in the UK, a Bitcoin Service Provider (BSP) license in El Salvador, and launched a localized exchange in Vietnam. These achievements align with regional standards and strengthen the company’s global presence.

The company has also advanced in the area of corporate social responsibility through initiatives such as Blockchain4Her, which promotes gender diversity in blockchain, and Blockchain4Youth, which aims to raise awareness of blockchain among youth. These programs reflect Bitget’s broader vision of creating inclusive growth in the Web3 space.

Through strategic investments, regulatory successes, and user-centric innovation, Bitget enters 2025 with the intention of continuing to expand and strengthen its influence in the crypto ecosystem. The achievements of the past year demonstrate the company’s strategic vision in shaping the future of blockchain and cryptocurrency.

For more information about Bitget's transparency report, visit the website .

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