- Bitget reached $2.88 billion in 24-hour trading volume, becoming the second-largest crypto exchange by June 2025.
- User count surged from 20 million to over 100 million in 2024, with strong growth across global regions.
- BGB token rose over 1000% in 2024, supported by a token burn program, new tools, and expanded utility.
Bitget has officially become the second-largest cryptocurrency exchange by 24-hour trading volume, reaching $2.88 billion in June 2025. This growth comes amid a sharp increase in trading activity and user engagement that has spanned since last year. Over the past year, the platform expanded its user base and made notable advancements in technology and global compliance.
User Growth and Regional Expansion
Earlier, according to the start of the 2025 report, in January 2024, Bitget recorded 20 million users. By December, that figure rose to over 100 million. This 400% growth was accompanied by regional increases, particularly in Africa, which saw user growth of 300%. South Asia followed with 200%, while the CIS region increased by 150%. Southeast Asia recorded 140%, and Latin America and the Middle East both experienced notable expansion. In Europe, the user base grew by 67% over the same period.
Throughout last year, Bitget saw its daily trading volume double to $20 billion. Spot trading volumes grew from $160 billion in Q1 to $600 billion in Q4. These increases were driven by trading innovations and increased platform usage. To expand its offerings, Bitget launched a pre-market trading platform. This feature allowed users to access liquidity and tokens before listings, enhancing trading activity and price discovery.
Bitget integrated new tools such as Smart Money, a product designed for on-chain data analysis within the Bitget Wallet. It also introduced PoolX, a stake-to-mine feature that offered new ways for users to engage with digital assets. These features contributed to increased participation across retail and institutional user groups.
Token Performance and Ecosystem Adjustments
The platform’s native token, BGB, ended 2024 with a value of $8, up over 1000% for the year. Bitget introduced a quarterly token burn program and reduced the total supply, impacting the token’s value. Updates to the BGB whitepaper and expanded token utility also played a role in the price increase and ecosystem growth.
In 2024, Gracy Chen became CEO after serving as Managing Director. Hon Ng joined her as Chief Legal Officer, Vugar Usi Zade as Chief Operating Officer, and Min Lin as Chief Business Officer. During the same period, Bitget received major licenses, including approvals in the UK and El Salvador. The company also launched a local platform in Vietnam.
Bitget initiated programs like Blockchain4Her and Blockchain4Youth. These efforts focused on gender inclusion and youth education in Web3. These developments contributed to the company’s continued global influence and operational growth heading into 2025.
