Cryptocurrency
alternate Bitget has emerged because the second-largest crypto alternate ecosystem
globally, following a 12 months that noticed its person base develop by 400% to achieve 100
million customers, in accordance with its 2024 transparency report launched at present (Thursday).
The
platform’s development was accompanied by a surge in buying and selling exercise, with day by day
volumes doubling to $20 billion and spot buying and selling volumes increasing from $160
billion within the first quarter to $600 billion within the fourth quarter of 2024.
Gracy Chen, Supply: LinkedIn
“Over
the previous six years, with the strong basis we have constructed and an unimaginable
crew by my aspect, Bitget has reworked into a number one crypto platform,”
mentioned Gracy Chen, who
was elevated to CEO from her earlier position as Managing Director, turning into
the one feminine chief government among the many prime 10 world exchanges.
The
alternate’s geographic diversification additionally performed a job in its enlargement.
Whereas East Asia’s dominance within the person base declined from 90% in 2021, areas
together with South Asia, Southeast Asia, and Latin America noticed vital development.
South Asia’s market share tripled to fifteen%, whereas Southeast Asia grew to 12% of
whole customers.
Within the
meantime, the Bitget Pockets surged
previous 60 million customers, marking a 300% development in 2024.
“Our imaginative and prescient
is to construct a superapp that seamlessly connects Web2 and Web3, enabling a
billion customers to embrace monetary freedom,” mentioned Alvin Kan, COO
of Bitget Pockets.
“We’re dedicated to main this transformation and turning into the definitive
bridge between the true world and the onchain economic system.”
Bitget Token Rallies 900%
Bitget’s
native token, BGB, mirrored
the alternate’s success, surging over 900% to achieve $8 by year-end,
supported by new burn mechanisms and enhanced utility options. The platform
additionally made a strategic $30 million funding in The Open Community (TON)
blockchain, positioning itself to capitalize on rising GameFi and Faucet-to-Earn
tendencies.
“Because the
crypto market matures, solely probably the most resilient property with robust ecosystems
and real-world utility can thrive by means of cycles,” Chen added. “BGB, ranked
among the many prime 30 tokens, has established itself as a number one utility token with
distinctive liquidity and a powerful neighborhood. This merger will improve BGB’s
position inside Bitget’s ecosystem and create new alternatives for exploring the decentralized
world.”
New Places and Chief Authorized
Officer
The
alternate strengthened its regulatory place in 2024, securing
approvals in the UK and El Salvador, whereas launching a
localized alternate in Vietnam. These developments had been complemented by key
government appointments, together with Hon
Ng as Chief Authorized Officer and Min
Lin as Chief Enterprise Officer.
Hon Ng, Supply: LinkedIn
“That is an thrilling alternative
for me to be working with extremely gifted individuals and to proceed to give you the chance
to reinforce the business’s tradition of compliance, working side-by-side with
regulators, with a purpose to contribute meaningfully to the sustainability of the
digital property ecosystem,” Ng mentioned.
Different updates
Skilled
buying and selling exercise on the platform confirmed strong development, with the variety of professional
merchants growing 43% to 200,000, whereas copy-trading followers grew to
900,000. Profitable trades exceeded 100 million, producing over $600 million
in worthwhile trades.
The
platform expanded its choices considerably, growing its token listings
from 600 to over 800 and almost doubling its USDT-M futures buying and selling pairs to
400. New options together with Bitget Pay, Pre-market buying and selling, and PoolX had been
launched to reinforce person engagement and funding alternatives.
Cryptocurrency
alternate Bitget has emerged because the second-largest crypto alternate ecosystem
globally, following a 12 months that noticed its person base develop by 400% to achieve 100
million customers, in accordance with its 2024 transparency report launched at present (Thursday).
The
platform’s development was accompanied by a surge in buying and selling exercise, with day by day
volumes doubling to $20 billion and spot buying and selling volumes increasing from $160
billion within the first quarter to $600 billion within the fourth quarter of 2024.
Gracy Chen, Supply: LinkedIn
“Over
the previous six years, with the strong basis we have constructed and an unimaginable
crew by my aspect, Bitget has reworked into a number one crypto platform,”
mentioned Gracy Chen, who
was elevated to CEO from her earlier position as Managing Director, turning into
the one feminine chief government among the many prime 10 world exchanges.
The
alternate’s geographic diversification additionally performed a job in its enlargement.
Whereas East Asia’s dominance within the person base declined from 90% in 2021, areas
together with South Asia, Southeast Asia, and Latin America noticed vital development.
South Asia’s market share tripled to fifteen%, whereas Southeast Asia grew to 12% of
whole customers.
Within the
meantime, the Bitget Pockets surged
previous 60 million customers, marking a 300% development in 2024.
“Our imaginative and prescient
is to construct a superapp that seamlessly connects Web2 and Web3, enabling a
billion customers to embrace monetary freedom,” mentioned Alvin Kan, COO
of Bitget Pockets.
“We’re dedicated to main this transformation and turning into the definitive
bridge between the true world and the onchain economic system.”
Bitget Token Rallies 900%
Bitget’s
native token, BGB, mirrored
the alternate’s success, surging over 900% to achieve $8 by year-end,
supported by new burn mechanisms and enhanced utility options. The platform
additionally made a strategic $30 million funding in The Open Community (TON)
blockchain, positioning itself to capitalize on rising GameFi and Faucet-to-Earn
tendencies.
“Because the
crypto market matures, solely probably the most resilient property with robust ecosystems
and real-world utility can thrive by means of cycles,” Chen added. “BGB, ranked
among the many prime 30 tokens, has established itself as a number one utility token with
distinctive liquidity and a powerful neighborhood. This merger will improve BGB’s
position inside Bitget’s ecosystem and create new alternatives for exploring the decentralized
world.”
New Places and Chief Authorized
Officer
The
alternate strengthened its regulatory place in 2024, securing
approvals in the UK and El Salvador, whereas launching a
localized alternate in Vietnam. These developments had been complemented by key
government appointments, together with Hon
Ng as Chief Authorized Officer and Min
Lin as Chief Enterprise Officer.
Hon Ng, Supply: LinkedIn
“That is an thrilling alternative
for me to be working with extremely gifted individuals and to proceed to give you the chance
to reinforce the business’s tradition of compliance, working side-by-side with
regulators, with a purpose to contribute meaningfully to the sustainability of the
digital property ecosystem,” Ng mentioned.
Different updates
Skilled
buying and selling exercise on the platform confirmed strong development, with the variety of professional
merchants growing 43% to 200,000, whereas copy-trading followers grew to
900,000. Profitable trades exceeded 100 million, producing over $600 million
in worthwhile trades.
The
platform expanded its choices considerably, growing its token listings
from 600 to over 800 and almost doubling its USDT-M futures buying and selling pairs to
400. New options together with Bitget Pay, Pre-market buying and selling, and PoolX had been
launched to reinforce person engagement and funding alternatives.
