Bitget released its monthly transparency report highlighting further strong ecosystem performance in November 2024.
Bitget Report
The cryptocurrency market has seen explosive growth, with Bitcoin breaching the $106,000 mark. Equally impressive results were recorded on Bitget, where the BGB token rose from $1.44 to $1.70 (+18%). This trend was influenced by global expansion, increased user engagement, growing trading volumes and platform security. It is also worth noting Bitget’s promotion to 3rd place in the world in futures trading.
Bitget maintains an impressive user base of over 45 million users and a daily trading volume of $10 billion. Particular success was seen in USDT-backed futures trading (USDT-M), where volume increased from $7 billion to $16 billion. Spot trading volume doubled to $400 million. The platform’s protection fund increased in value from $400 million to $600 million, once again amplifying security concerns.
In November, the biggest gainers in the spot market were UNICE, which rose a staggering 2,666.71%. Additionally, 13 new tokens were listed on the PoolX platform, 5 of which were also presented in the Pre-market.
Additionally, Bitget organized a “Pitch n’ Slay” event in Bangkok as part of the Blockchain4Her program. It was a competition for women working in blockchain, offering support, capital and a chance to receive funding of up to USD 100,000 from Foresight Ventures. The event demonstrated the potential of collaboration for inclusion and development of women in blockchain technology.
The platform has also introduced VND bank transfer in Vietnam, enabling easy deposits and withdrawals in VND and the purchase of popular cryptocurrencies such as BTC, ETH, USDT, SOL and BGB. Bitget Wallet has released advanced memecoin trading tools enabling analysis, multi-chain trading, and the discovery of high-potential tokens. The new Refer2Earn program supports users to generate passive income, and Telegram’s $20 million mini-app support program encourages developers to create innovative solutions.
More information can be found in the full report.
About Bitget
Bitget is one of the leading cryptocurrency exchanges and Web3 companies in the world. Serving over 20 million users from over 100 countries, it facilitates smart trading with its innovative copy trading feature and a range of other trading tools. And Bitget Wallet, formerly known as BitKeep, is a comprehensive multi-chain cryptocurrency wallet that offers users access to a wide range of web3 solutions and features. The exchange works with trusted partners, such as legendary Argentine footballer Lionel Messi and eSports event organizer PGL, promoting the use of cryptocurrencies around the world.
Bitget is at the forefront of expanding cryptocurrency adoption through strategic partnerships, such as its role as the official cryptocurrency partner of the world’s best soccer league – LALIGAin the markets of Eastern Europe, Southeast Asia and Latin America, as well as global partnerships with top Turkish national athletes such as Buse Tosun Çavuşoğlu (world wrestling champion), Samet Gümüş (gold medalist in boxing) i İlkin Aydın (member of the national volleyball team) to inspire the global community to embrace the future of cryptocurrencies.
More information can be found on the Bitget website and on their profiles at TwitterTikTok, Telegram, LinkedIn and Discord.
You can buy Bitcoin and other cryptocurrencies in a simple and safe way on the zondacrypto exchange.
