Промо на dev.ua Crypto 28 November 2024, 15:02

Bitget October Report: Growth and Innovation Amid Market Expansion

In October 2024, Bitget, a leading cryptocurrency exchange and Web3 company, has made significant progress in expanding its market, growing its user base, and developing innovative products. Highlights of the month included the strategic appointment of a CEO, the launch of new tools, and strengthening positions in emerging markets.

Key achievements

1. Appointment of Ming Lin as Chief Business Officer (CBO)

Min Lin, who previously held key positions at Binance, has joined Bitget. His extensive experience in regional development and regulatory compliance is designed to strengthen the company’s position in emerging markets, promoting local growth and improving global strategy.

2. Rapid growth of the Bitget Wallet user base

40 million users: Bitget’s wallet user base has doubled in the past six months, becoming the second most downloaded crypto app in the world.
Bitget Wallet Lite on Telegram: A new product that attracted 6 million users in just a few days, provides convenient cross-chain transactions and easy setup. It gained particular popularity in Africa, South Asia and the Middle East due to the growing demand for affordable crypto solutions.

3. Research and regional strategy

Africa: By 2025, the number of cryptocurrency users on the continent is projected to reach 53.89 million thanks to a young demographic and limited access to banking services.
Eastern Europe: Economic hardships are driving the use of cryptocurrencies and highlighting the potential of decentralized finance.

4. Telegram Mini App Store

Bitget expanded its ecosystem by launching a mini app store in TON. More than 600 mini-apps allow users to interact with decentralized applications and blockchain tools directly, increasing user engagement and promoting Web3 adoption.

5. Launch of BGSOL — Solana liquid staking token

The new token allows users to simultaneously earn staking rewards and store liquidity for DeFi activities. This is in line with Bitget’s mission to maximize asset utility in decentralized ecosystems.

Market position

More than 45 million users and a daily trade volume of $10 billion .
800+ tokens and trading pairs that attract both professionals and retail traders.
The protection fund is more than $400 million, which strengthens the trust of users.

Global events

At events like Blockchain Life in Dubai, Bitget presented its vision for sustainable growth. The company’s participation underscored its commitment to innovation, user engagement and market expansion in the rapidly growing cryptocurrency sector.

The future of Bitget

The October report demonstrates the company’s commitment to unifying CeFi and DeFi, expanding access to decentralized finance while keeping security and user needs a priority. Bitget’s strategic initiatives that address the changing regulatory landscape ensure the company’s sustainable growth and leadership in the cryptocurrency industry.

"Bitget has already become the top 3 derivative crypto exchange in the world" - Gracie Chen, CEO of Bitget

Bitget is entering the UK market offering a wide range of tokens