Bitget, a leading cryptocurrency exchange and Web3 company, has released its 2024 transparency report, highlighting significant growth and achievements since its launch in 2018.
The report, shared with BitKE by the BitGet team, outlines milestones that have propelled BitGet to become the second-largest exchange ecosystem by user base.
Key Statistics and Achievements
- User base surged from 20 million in January 2024 to 100 million in December 2024, marking an extraordinary 400% growth in 2024.
- Daily trading volumes doubled to $20 billion.
- Spot trading volumes increased from $160 billion in Q1 2024 to $600 billion in Q4 2024.
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USDT-M futures trading volumes also doubled, reaching $16 billion by the end of the year
Regional Growth (2021–2024)
- South Asia emerged as a key market, increasing from under 5% in 2021 to around 15% in 2024, showcasing rapid adoption.
- Similarly, Southeast Asia’s share grew from about 5% in 2021 to nearly 12% by 2024.
- Europe maintained a steady increase, contributing around 10% of users in 2024, compared to about 6% in 2021.
- Latin America and the Middle East also expanded significantly, growing from negligible shares in 2021 to 8% and 6%, respectively, by 2024.
- The CIS region accounted for nearly 5% of users in 2024, up from less than 2% in 2021, while
- Africa grew modestly from below 1% to 4%.
- Africa: 300% growth (highest increase).
- South Asia: 200% growth.
- CIS region: 150% growth.
- Southeast Asia: 140% growth.
- Europe: 67% growth.
- Latin America and the Middle East: Significant surges.
Token Statistics
- The platform’s native token, BGB, grew by 1000%, with its value increasing tenfold to reach $8 by year-end.
- The platform added to its offerings, with the number of tokens increasing from 600 to over 800 pushing total trading pairs to 900+.
- USDT-M futures trading pairs nearly doubled, rising by 90% to 400.
- Notably, 45 tokens were listed on Bitget Pre-market in 2024, processing over 60 million trading volumes.
- Launchpool projects also saw remarkable growth, increasing to 25 projects, including renowned ones like Ethena (ENA), Swell Network (SWELL) and Orderly Network (ORDER).
- Throughout 2024, Bitget has generated over $50 million passive income for its users via Launchpool, PoolX and earning services.
In 2024, several tokens on Bitget exhibited extraordinary growth, with
- ROUTE leading the surge with an astonishing 14,544% increase
- MOG followed closely with a remarkable 9,875% rise
- BLAST recorded a 9,406% growth
- GINOA and LAIKA posted impressive surges of 4,093% and 3,452%, respectively
- TURBO nearly matching LAIKA at 3,451%.
Other notable performers included:
- AITECH with a 2,922% increase
- MNTC with 2,820%
- ACT with 2,453%, and
- APPA at 2,025%.
In terms of trading numbers:
- Pro traders on the platform increased by 43%, from 140,000 to 200,000.
- Copy trading followers grew by 29%, reaching 900,000.
- Successful trades surpassed 100 million, up 37% from the start of the year, contributing to gains from profitable trades of over $600 million.
- Profits shared by elite traders grew to approximately $24 million monthly.
Other key BitGet milestones for 2024 include:
- Gracy Chen became the only female CEO among the top 10 global exchanges.
- Obtained key licenses, including:
- UK license
- Bitcoin Service Provider (BSP) license in El Salvador
- Launched a localized exchange in Vietnam, adhering to regional standards.
BitGet’s outlook for 2025 includes continued focus on strategic investments, regulatory compliance, and user-centric innovations to maintain growth and influence in the crypto ecosystem.
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