Bitget: The Crypto Exchange That’s Taking Over the World (Almost)

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Hey there, crypto fans! You won’t believe what’s happening over at Bitget! This little exchange that could has become the second-largest crypto exchange ecosystem by user base. In its 2024 transparency report, the exchange stated that its user base increased by 400%, from 20 million in January to over 100 million in December. That’s a lot of people trading crypto!

But wait, there’s more! The exchange also experienced growth in trading activity, with daily volume doubling to hit $20 billion. Spot trading volumes increased from $160 billion in the first quarter to $600 billion by the fourth quarter of 2024. That’s a lot of money changing hands!

So, how did Bitget do it? Well, it turns out that geographic diversification was key. Between 2021 and 2024, its user base in South Asia increased by 200%, while in Southeast Asia and Europe, it expanded by 140% and 67%, respectively. The highest increase was in Africa, which saw more than 300%. And the Bitget Wallet surged past 60 million users, marking a 300% growth in 2024. That’s a lot of people storing their crypto!

But Bitget didn’t stop there. The platform broadened its range of services by adding more than 200 new tokens, bringing the total to over 800. It also nearly doubled the number of USDT-M futures trading pairs to 400. That’s a lot of options for traders!

BGB Token’s Surge and Decentralized Integration

And let’s not forget about Bitget’s native token, BGB. This little guy also had similar growth, as it grew by more than 1000%, with its price rising to $8 by the end of the year. That’s a lot of value!

But what’s driving this growth? Well, Bitget CEO Gracy Chen says that as the crypto market develops, only the most durable asset with robust utility and real-world use cases will succeed through market fluctuation. And BGB has become a prominent utility token due to its excellent liquidity and solid community. That’s a lot of buzzwords!

And if you’re wondering what BGB is currently priced at, it’s $7.13 as it has depreciated by more than 0.39% in the last 24 hours. But don’t worry, Bitget recently added BGB to a liquidity pool on Uniswap, allowing users to trade the token directly on the Ethereum blockchain. That’s a lot of decentralization!

And if you’re wondering what else Bitget has been up to, it recently bolstered its regulatory standing by obtaining approvals in the United Kingdom and El Salvador and launching a localized platform in Vietnam. It also enhanced its leadership team by appointing Hon Ng as Chief Legal Officer and Min Lin as Chief Business Officer. That’s a lot of credentials!

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2025-01-23 18:03