- Bitget released its 2024 transparency report highlighting one of the most successful years the company has experienced since its launch in 2018.
- Bitget has emerged as the second largest exchange ecosystem by user base.
- Bitget’s user base grew by 400% in 2024, reaching over 100 million users by the end of the year.
- Trading volume also increased, with daily activity reaching $20 billion and spot trading volume quadrupling over the year.
- Launching tools such as “Smart Money” on-chain analytics, PoolX stake-to-mine platform, and pre-market trading services have cemented Bitget as a leader in user-focused innovation.
Bitget was released by it 2024 Transparency Report. The report highlights a year of record-breaking growth and innovative measures, cementing Bitget’s position as a key player in the crypto ecosystem. Launched in 2018, Bitget has experienced exponential success over the years, culminating in its emergence as the second largest exchange ecosystem by user base in 2024.
Bitget Records Unparalleled Growth Across All Metrics
By 2024, Bitget has become the second largest centralized exchange ecosystem by user base worldwide.
Bitget’s user base increased from 20 million in January to over 100 million in December, marking a staggering 400% growth in one year. This was accompanied by a significant increase in trading activity, with daily trading volume doubling to $20 billion. Spot trading volumes also grew significantly, climbing from $160 billion in Q1 to an impressive $600 billion in Q4.
According to Bitget, such steady growth can be attributed to a combination of highly competitive offers, user-oriented innovations, and a strategy rooted in global expansion.
Regional data underscores Bitget’s global appeal: South Asia led the charge with 200% growth, while Africa posted the highest increase at 300%. Other notable gains include Southeast Asia (140%), CIS (150%), Europe (67%), and Latin America and the Middle East (significant double-digit growth).
Key Innovations Driving Success
Bitget’s innovative technologies and products played a key role in its success in 2024. The company’s integration of Bitget Wallet’s “Smart Money” tools provided advanced on-chain data analysis capabilities, which empowering users with actionable insights for informed trading decisions. The launch of PoolX, a stake-to-mine platform, diversifies investment opportunities while enhancing user engagement.
In another first, Bitget introduced a pre-market trading platform that allows users to access new tokens and liquidity before official listings. This feature not only democratized access to new market opportunities but also strengthened Bitget’s reputation as a pioneer in user-focused innovation.
Strategic Investments: Tapping Emerging Trends
Bitget’s $30 million strategic investment in The Open Network (TON) blockchain, made in partnership with Foresight Ventures, stands out as a milestone in its 2024 journey. This investment aligns with Bitget’s focus on supporting emerging trends such as GameFi and Tap-to-Earn models. TON’s rapid growth in transaction volumes and decentralized application usage underscores the strategic foresight in Bitget’s investment decisions.
Native Token Performance and Ecosystem Growth
Bitget’s native token, BGB, also experienced remarkable growth in 2024, with its value increasing tenfold to $8 by the end of the year. This 1000% surge was supported by a newly implemented token burn mechanism that reduced the total supply while introducing a quarterly burn program. These steps not only enhanced the utility of the token but also cemented BGB as a cornerstone of the Bitget ecosystem.
BGB’s updated whitepaper details expanded use cases for the token, further integrating it into platform services. From trading fee discounts to management roles, BGB’s evolution reflects Bitget’s broader vision of creating a self-sustaining, user-driven ecosystem.
Leadership Evolution: Gracy Chen Takes the Lead
2024 also saw significant leadership changes at Bitget. Gracy Chen, a former Managing Director, took on the role of CEO, becoming the only female leader of a top 10 global exchange.
Chen is joined by a strengthened leadership team: Hon Ng as Chief Legal Officer, Vugar Usi Zade as Chief Operating Officer, and Min Lin as Chief Business Officer. Together, they drove key strategic initiatives, advanced regulatory compliance, and led user-focused developments.
Regulatory Milestones and Global Expansion
Bitget’s growth has also been fueled by significant regulatory wins. The company has acquired key licenses, including a UK license, a Bitcoin Service Provider (BSP) license in El Salvador, and launched a localized exchange in Vietnam. These advancements not only enhance user trust but also position Bitget as a globally compliant and relevant platform.
Such efforts align with a broader trend of regulatory scrutiny in the crypto space. By proactively addressing regional standards, Bitget has differentiated itself as a trusted platform in an industry often criticized for its lack of oversight.
Corporate Social Responsibility: Blockchain for Everyone
Beyond its commercial success, Bitget has taken significant steps in corporate social responsibility (CSR). Initiatives such as Blockchain4Her promote gender diversity in blockchain, while Blockchain4Youth is committed to spreading blockchain awareness among young professionals around the world. These programs reflect Bitget’s commitment to inclusive growth within the Web3 ecosystem.
Bitget’s CSR initiatives align with its broader mission to democratize access to blockchain technologies and create a more equitable digital economy. These efforts underscore the platform’s dual focus on profitability and social impact.
Strategic Partnerships and Branding Efforts
Bitget’s strategic partnerships have also played an important role in driving brand recognition and crypto adoption. The platform serves as LALIGA’s Official Crypto Partner in East, Southeast Asia, and Latin America, leveraging the popularity of football to inspire global communities. Additionally, collaborations with Turkish National athletes, including wrestling world champion Buse Tosun Çavuşoğlu and boxing gold medalist Samet Gümüş, highlight Bitget’s efforts to align sports and inspire wider audience.
Such branding initiatives have greatly enhanced Bitget’s visibility and strengthened its position as a user-centric platform with a global reach.
As Bitget enters 2025, the company appears well positioned for continued expansion and innovation. Its strategic investments, regulatory achievements, and user-focused initiatives set the stage for further growth within the competitive crypto ecosystem. With Gracy Chen at the helm and a strong leadership team driving their vision, Bitget’s trajectory looks promising. The milestones achieved in 2024 underscore the platform’s ability to navigate the complexities of a rapidly evolving crypto industry.
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