Bitget: A quantum leap in the world of cryptocurrency trading in 2024
In 2024, the Bitget platform achieved an unprecedented boom in the world of cryptocurrency trading, as it was able to increase its user base by a huge percentage of 400% to reach 100 million users. This significant increase reflects the platform’s increasing success in attracting traders and investors from all over the world. Through this remarkable growth, daily trading volumes on the platform rose to about $20 billion, while spot trading witnessed a significant increase to reach $600 billion by the end of the year.
Geographical expansion was one of the main factors that contributed to this quantum leap. The platform was keen to target new markets, especially in regions such as South Asia and Latin America, which helped it strengthen its presence internationally. Bitget also witnessed a major development on the regulatory level, as it obtained new approvals in strategic markets such as the United Kingdom and El Salvador, which enhances its credibility in the cryptocurrency markets.
As for digital currencies, the platform’s native currency, BGB, has seen a staggering 900% surge to $8, reflecting the growing confidence in the platform. This surge came as a result of strategic investments made by Bitget, such as investing $30 million in The Open Network (TON) network and project.
Technically, Bitget has significantly expanded its offerings to include around 800 digital currencies and 400 futures pairs, making it more diverse in the options available to users. In addition, the platform launched a new service called “Bitget Pay” to improve the user experience and enhance the ease of payment.
In another strategic move, Bitget has partnered with Bitcoin Arabs in the Arab region to introduce users to its products and services, reflecting the platform’s keenness to expand in emerging markets and strengthen its presence in the Middle East.
