Bitget has solidified its position as the second-largest cryptocurrency exchange globally by user base, surpassing the remarkable milestone of 100 million users in December 2024.
The recent milestone represents a dramatic 400% growth from its 20 million users in January, underscoring the platform’s meteoric rise.
Bitget’s growth trajectory is reflective of its ability to offer innovative features and foster user trust within a highly competitive market.
The achievement places Bitget among the elite cryptocurrency exchanges, alongside platforms like Binance, which also reported significant growth in 2024.
A Global Growth Phenomenon Across Multiple Regions
Bitget’s explosive user growth is attributed to its strong global appeal and region-specific strategies.
In South Asia, the platform saw a 200% rise in users, while Southeast Asia experienced a 140% surge.
Africa led all regions with a staggering 300% increase, followed by the CIS region at 150%. Europe, Latin America, and the Middle East also contributed significantly, with growth rates of 67% and above.
The widespread expansion mirrors a similar trend observed in other sectors, such as gaming.
For instance, STAN, a leading platform on the Aptos blockchain, aims to add 10 million new users to its existing base of 20 million, emphasizing the global appetite for connected ecosystems.
Also Read: Bitget Unveils Ambitious Plans For BGB Token, Including $5 Billion Token Burn
Exceptional Performance and Strategic Investments
Accompanying Bitget’s rapid user growth are impressive performance metrics. The platform’s daily trading volume doubled to $20 billion, while spot trading volumes grew from $160 billion in Q1 to $600 billion in Q4.
Strategic initiatives such as a $30 million investment in The Open Network (TON) blockchain have strengthened Bitget’s market positioning.
Similar strategic developments can be observed with Binance, which reported a 360% increase in Bitcoin deposits in 2024, totaling $21.6 billion in user fund deposits—36% higher than the next ten crypto exchanges combined.
These advancements demonstrate how leading platforms are pushing the boundaries of innovation and performance.
Leadership, Token Dynamics, and Broader Industry Context
Bitget has bolstered its leadership with the appointment of Gracy Chen as CEO, steering the platform through this period of unprecedented growth.
Its native token, BGB, has also seen remarkable gains, with a 1000% price increase to $8, driven by a new burn mechanism and enhanced utility within the ecosystem.
Currently, the price of Bitget Token (BGB) is $7.06. It faces a a -1.56% price decline in the last 24 hours and a 5.56% price increase in the past 7 days.
Similarly, Binance’s Bitcoin deposit growth and STAN’s ambitious user acquisition goals underscore the broader context of rapid expansion in the crypto and blockchain sectors.
Platforms like Bitget and Binance are setting benchmarks for performance, innovation, and leadership, while projects like STAN highlight the growing importance of integrated ecosystems in blockchain gaming and beyond.
Also Read: Bitget Merges Bitget Token (BGB) with Bitget Wallet Token (BWB)