Bitget's October Report Highlights Growth, and Innovation Prior to Market Surge

Press release

Victoria, Seychelles, 28th November 2024 – Bitget, the leading cryptocurrency exchange and Web3 company, achieved significant milestones in October, marking advancements in market expansion, user growth, and product innovation. Key developments included a strategic leadership appointment, the unveiling of new tools, and increased engagement in emerging markets.

Min Lin, previously with Binance, joined as Chief Business Officer, bringing extensive experience in regional development and compliance. His leadership aims to strengthen Bitget’s foothold in emerging markets, fostering localized growth and enhancing the company’s global strategies.

The Bitget Wallet surpassed 40 million users, doubling its base in just six months, and became the second most downloaded crypto app worldwide. The launch of Bitget Wallet Lite on Telegram further drove adoption, attracting 6 million users within days. Its seamless cross-chain transactions and simple setup address growing demand for accessible crypto solutions, particularly in Africa, South Asia, and the Middle East.

Bitget Research identified Africa and Eastern Europe as critical regions for crypto adoption. Africa, driven by a youthful population and limited banking infrastructure, is forecasted to reach 53.89 million crypto users by 2025. Eastern Europe’s adoption, fueled by economic challenges, underscores the potential of decentralized finance.

The introduction of the Telegram Mini App Store expanded Bitget’s ecosystem. Featuring over 600 mini-apps within the TON ecosystem, it enables users to interact with decentralized applications and blockchain tools directly. This initiative enhances user engagement and strengthens Bitget’s role in advancing Web3 adoption.

Bitget also launched BGSOL, a liquid staking token for Solana, allowing users to earn staking rewards while maintaining liquidity for DeFi activities. This innovation aligns with Bitget’s mission to optimize asset utility within decentralized ecosystems.

With over 45 million users and a daily trading volume of $10 billion, Bitget remains a significant player in the crypto space. The platform supports over 800 tokens and trading pairs, attracting both professional and retail traders. Its Protect Fund, exceeding $400 million, reinforces its reputation for security and user trust.

October’s activities included global events like Blockchain Life in Dubai, where Bitget showcased its vision for sustainable growth. The company’s presence highlighted its focus on innovation, user engagement, and market expansion in the rapidly evolving cryptocurrency sector.

Bitget’s milestones shows its ongoing push to bridge CeFi and DeFi, expanding access to decentralized finance while maintaining a strong focus on security and user needs. As regulatory landscapes evolve, Bitget’s strategic initiatives position it for sustained growth and leadership in the crypto industry.

About Bitget

Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For media inquiries, please contact: media@bitget.com

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use .

2024-11-28

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