Bitget is presently the second-largest crypto trade by way of the variety of customers and buying and selling quantity.
The Crypto trade trails Binance and expanded by 400% in 2024 based on the 2024 transparency report by the trade.
Bitget hit 100 million international customers in 2024 with buying and selling volumes surging to new heights.
The trade’s each day quantity doubled to $20 billion and spot buying and selling volumes expanded from $160 billion within the first quarter to $600 billion within the fourth quarter of 2024.
Gracy Chen, CEO of Bitget reacted to the report revealing the trouble the crypto trade put in for its numbers.
“ Over the previous six years, with the strong basis we’ve constructed and an unbelievable workforce by my facet, Bitget has remodeled into a number one crypto platform,” Chen Mentioned
Bitget is a critical rival to Binance which retains the highest spot. The rivalry was mirrored of their alternative of worldwide ambassadors that includes two of the best footballers in historical past locked in a unending rivalry.
Binance went with Ronaldo, whereas Bitget selected Lionel Messi. An fascinating flip of occasions.
Geographical Enlargement
Bitget’s success final 12 months will be traced to its international enlargement into numerous jurisdictions. The trade noticed its dominance in East Asia decline by 90% however progress in different elements of the world made up for the loss.
South Asia, Southeast Asia, and Latin America noticed vital progress. South Asia’s market share tripled to fifteen%, whereas Southeast Asia grew to 12% of complete customers.
Bitget Pockets recorded an astronomical rise in customers in 2024. The pockets consumer base surpassed 60 million customers, a 300% progress in 2024.
Bitget’s Native Token surges by 1000%
The success of Bitget is mirrored in its native token BGB which rallied by 1000% in 2024.
The token reached an all-time excessive of $8.45 final 12 months in December and is presently exchanging fingers for $7.18.
The Bitget workforce is trying to get into the Gamefi sector making a strategic $30 million funding in The Open Community (TON) blockchain.
The event mirrors the platform’s drive to pivot into new territories and increase its utility.
