Bitget Surges to Second Largest Crypto Exchange with 100 Million Users
Bitget has become the second-largest cryptocurrency exchange ecosystem by user base, growing from 20 million to over 100 million users in 2024, a 400% increase. Key highlights include:
- Daily trading volume doubled to $20 billion.
- Spot trading volumes rose from $160 billion in Q1 to $600 billion in Q4 of 2024.
- User growth: South Asia up 200%, Southeast Asia 140%, Europe 67%, and Africa over 300%.
- Bitget Wallet reached 60 million users, marking a 300% increase.
- Over 200 new tokens added, totaling over 800.
- USDT-M futures trading pairs nearly doubled to 400.
BGB Token Growth
The BGB token saw over 1000% growth, reaching $8 due to factors including:
- A burn mechanism reducing total supply from 2 billion to 1.2 billion.
- Enhanced utility within the Bitget ecosystem.
- An updated whitepaper.
Currently priced at $7.13, BGB has depreciated by 0.39% in the last 24 hours. It is now available in a liquidity pool on Uniswap, enabling decentralized trading.
Bitget improved its regulatory position by obtaining approvals in the UK and El Salvador and launching a localized platform in Vietnam. Leadership updates include the appointment of Hon Ng as Chief Legal Officer and Min Lin as Chief Business Officer.