2024 has been one of the best years for cryptocurrency. Attention from traditional finance, the launching of BTC and ETH ETFs, the halvening, the rise of memecoins, and many more have been key contributors to the exponential growth that crypto has seen this year. The sector that benefited the most from this is exchanges, the very first interaction between a first-time user and cryptocurrency.

One of the exchanges that benefited the most from this has been Bitget, which has seen tremendous growth in the past 12 months. Here are some notable achievements Bitget has seen this year:

User-Centric Growth and Community Engagement

Bitget remarkable growth throughout 2024 has solidified its position as a leader in the cryptocurrency space. Key achievements include:

• Third Largest Exchange by Derivatives Volume: Bitget climbed to the third spot by derivatives volume, according to CoinMarketCap, showcasing its reliability and efficiency.
• Explosive Token Growth: Bitget’s native token, BGB, reached a new all-time high of $8.5, fueled by ecosystem expansion.
• User Base Surge: The platform’s user count skyrocketed from 20 million at the start of the year to over 45 million by November 2024, reflecting a 400% growth.
• Record-Breaking Trading Volume: On November 13, Bitget hit $10 billion in spot trading and $77 billion in futures trading volume within 24 hours.
• Enhanced Token Offerings: The platform now supports over 800 tokens and 900+ trading pairs, adding more than 70 tokens this year.
• Staking Success: PoolX staking platform saw over 94,805 participants, with staked value doubling to $2.3 billion.
• Innovative Ecosystem Investments: Bitget invested $30 million in the TON ecosystem, supporting projects like DOGS, Hamster Kombat, and Notcoin to leverage Telegram’s extensive user base.
• High-Impact Partnerships: A multi-million dollar LALIGA partnership aims to boost crypto and Web3 adoption in Eastern Europe, Southeast Asia, and LATAM.

These milestones reflect Bitget’s ability to adapt to market demands and deliver exceptional services to its growing user base. Despite its success, users should always conduct their research before choosing an exchange, considering factors like security, compliance, and liquidity.

Bitget’s Role in Europe Amid Tether FUD

The European Union’s stricter cryptocurrency regulations set to take effect in 2025 have raised concerns among users, particularly regarding Tether’s USDT. As regulators cite non-compliance issues with USDT under the Markets in Crypto-Assets Regulation (MiCA), some exchanges have begun adjusting their offerings:

• USDT Delisting: Coinbase has delisted USDT in European markets for compliance, though Binance and Crypto.com have yet to decide. Notably, these changes only affect European users, leaving USDT safe for users outside the region.
• Bitget’s Compliance Push: While headquartered in Seychelles and not directly subject to MiCA, Bitget has actively pursued compliance to tap the European market. In November, Bitget became a licensed crypto exchange in the UK. Gracy Chen, CEO of Bitget, stated: “At Bitget, compliance is the core of our expansion strategy. The entrance into the UK market under the regime allows us to bring users a wide variety of digital assets within the everchanging crypto landscape. This launch is a step towards establishing Bitget as a long-term, compliant partner in diverse markets, providing investors with a platform to explore digital assets.”

Bitget’s proactive measures highlight its commitment to being a reliable and compliant exchange for European users.

Blockchain4Her Bangkok Pitching Competition

On November 15, Bitget hosted "Pitch n' Slay" in Bangkok under its Blockchain4Her initiative to support female entrepreneurs in blockchain. Backed by a $10 million fund, the event awarded grants to the top three winners and provided access to mentorship and funding opportunities with Foresight Ventures.

From 50+ applicants, Julija Bainiaksina (MiniMe), Doris Hernandez (Functor Network), and Anne Beh (Art3mis) claimed the top spots. Winners gained $10,000 in grants, entry into KillerWhales Season 3, and the Blockchain4Her Accelerator Program.

The event also honored Web3 leaders through the Blockchain4Her SEA Awards and celebrated female talent driving innovation in crypto. Supported by partners like World of Women and BeinCrypto, Pitch n' Slay showcased the potential of women in blockchain and the value of collaboration.

The Path Forward

As 2025 approaches, the crypto market’s bullish outlook — fueled by traditional finance’s growing involvement — promises exciting opportunities. Bitget users can look forward to further platform enhancements, generous rewards, and surprises. However, with regulatory landscapes evolving, users must exercise caution, diversify their assets, and choose compliant exchanges. Stablecoins like Circle’s USDC offer a MiCA-compliant alternative to USDT.

Bitget’s remarkable achievements in 2024 set the stage for continued growth and innovation, reinforcing its position as a leading player in the cryptocurrency exchange space.