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:

Growth

When it comes to growth, numbers don’t lie. Volume, active users, and assets under management are some of the few metrics that show Bitget’s acceleration:

• In October 2024, Bitget ranked as the third most downloaded CEX app, marking a shift in user preference
• Bitget hits all-time high in trading volume and daily active traders amidst market surgesome text
  • Open interest and derivative trading volume surged to a record high, displacing OKX at a point and it is currently challenging for the second spot. 
• Increased its user base from 20 million in November 2023 to 45 million in November 2024
• The number of elite/pro traders increased from 120,000 to 190,000
• The number of employees increased by nearly 100% due to increased operation and coverage globally.

All of these achievements in metrics contributed to Bitget becoming one of the most used cryptocurrency exchanges with the top volume, entering the top 6 of the most reliant exchanges according to CoinMarketCap.

Partnerships

At its core, Bitget prides itself on being a community-first exchange. Activating Web3 in different communities through different programs and sponsorships, such as Token 2049, Bitget Builders, and many more! Here are a few partnerships Bitget tapped on:

• Partnered with Sumsub to enable AI KYC verification to tackle deepfakes and other malicious threats to Bitget users.
• Covered more regions than most other CEX with over 200 regions covered world wide.
• Launched a $50M ecosystem support for TON ecosystem

These strategic partnerships helped Bitget both empower communities and contribute to the development of the exchange.

Features and Security

A very important factor for an exchange to maintain is improving user experience and being a secure custodian to their client’s assets. Bitget has been excelling in this department, encouraging users to stay tuned to the exchange’s updates. Here are a few achievements that they had in the platform:

• The exchange with the most giveaways and rewarding events, including community airdrops, deposit bonuses, and social giveaways.
• Launched new products, including PoolX, improved Pre-Market Trading, new staking products such as BGSOL and BGBTC, which all contribute to user profitability
• Proof of reserve skyrocketed from $300M to over $643M in December 2024

With 2025 poised to be a bullish year because of traditional finance having big plans for crypto, Bitget users can expect more improvements, rewards, and surprises from the exchange.