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Bitget Surpasses Bybit: Now 4th Largest Crypto Exchange

Bitget Surpasses Bybit: Now 4th Largest Crypto Exchange

CoineditionCoinedition2024/09/17 16:00
By:Abdulkarim Abdulwahab
  • Bitget celebrates its sixth anniversary, surpassing 45 million users and becoming the fourth-largest crypto exchange by volume.
  • The platform experienced a remarkable 400% growth in user base in 2024.
  • Bitget will host key events at TOKEN2049, including the Blockchain4Her Awards, to promote diversity in the crypto space.

Bitget, a major cryptocurrency exchange, has surpassed Bybit in user numbers and trading volume, marking a significant milestone on its sixth anniversary. The platform now serves over 45 million users globally, making it the fourth-largest crypto exchange by volume.

Impressive User Growth in 2024

Bitget’s user base experienced a remarkable increase of 400% over the past year. The platform reported exceptional growth in several regions, including a 1,614% rise in Africa, 729% in South Asia, and 216% in Southeast Asia.

Bitget Surpasses Bybit: Now 4th Largest Crypto Exchange image 0 Bitget Surpasses Bybit: Now 4th Largest Crypto Exchange image 1

Additionally, Bitget’s earn products, which offer crypto savings options, recorded over a 600% increase from Q3 2023 to Q3 2024. The exchange also saw a 50% rise in traffic and a net asset inflow of $700 million in the first half of 2024.

Engaging at TOKEN2049 with a Focus on Diversity

Bitget is celebrating its sixth anniversary by hosting a series of high-profile events at TOKEN2049 , one of the world’s largest blockchain conferences, set to take place in Singapore. 

Bitget’s CEO, Gracy Chen, will deliver a keynote titled “Exchanges at the Helm: Driving Crypto from Niche to Mainstream.” Commenting on the event, Chen stated:

“TOKEN2049 is a significant occasion for the crypto industry, and we are excited to engage with Web3 leaders, foster meaningful dialogue, and reflect on the industry’s challenges and growth.”

“We have major announcements and partnerships to unveil during the conference that will shape the future narrative for crypto,” Gracy added.

In addition, Bitget will sponsor the Blockchain4Her (B4H) Awards at the SheFi Summit to recognize female leaders in the blockchain space as part of its anniversary celebrations.

Key Drivers of Bitget’s Growth

In 2024, Bitget introduced 425 new crypto listings, expanded its Launchpad and Launchpool platforms, and launched PoolX, which featured over 60 projects and attracted 350,000 participants within three months.

The newly launched Bitget Pre-Market feature engaged over 35,000 traders in a short period. These innovations have been instrumental in Bitget’s monumental growth over the past year.

Corporate Social Responsibility and Industry Recognition

Bitget’s growth goes beyond business expansion. The company has actively participated in corporate social responsibility (CSR) initiatives such as #Blockchain4Youth and #Blockchain4Her.

The #Blockchain4Youth program has brought blockchain education to over 13,000 students across more than 60 universities worldwide, while #Blockchain4Her supports female entrepreneurs in the crypto space through partnerships with organizations like SheFi and Women in Web3.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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