The crypto exchange became the second-largest in the digital asset ecosystem last year.
Spot trading reached $600 billion in Q4 while copy-trading followers grew to 900,000.
Cryptocurrency
exchange Bitget has emerged as the second-largest crypto exchange ecosystem
globally, following a year that saw its user base expand by 400% to reach 100
million users, according to its 2024 transparency report released today (Thursday).
Bitget Emerges as
Second-Largest Crypto Exchange with 100 Million Users
The
platform's growth was accompanied by a surge in trading activity, with daily
volumes doubling to $20 billion and spot trading volumes expanding from $160
billion in the first quarter to $600 billion in the fourth quarter of 2024.
Gracy Chen, Source: LinkedIn
"Over
the past six years, with the robust foundation we've built and an incredible
team by my side, Bitget has transformed into a leading crypto platform,"
said Gracy Chen, who
was elevated to CEO from her previous role as Managing Director, becoming
the only female chief executive among the top 10 global exchanges.
The
exchange's geographic diversification also played a role in its expansion.
While East Asia's dominance in the user base declined from 90% in 2021, regions
including South Asia, Southeast Asia, and Latin America saw significant growth.
South Asia's market share tripled to 15%, while Southeast Asia grew to 12% of
total users.
“Our vision
is to build a superapp that seamlessly connects Web2 and Web3, enabling a
billion users to embrace financial freedom,” said Alvin Kan, COO
of Bitget Wallet.
“We are committed to leading this transformation and becoming the definitive
bridge between the real world and the onchain economy.”
Bitget Token Rallies 900%
Bitget's
native token, BGB, reflected
the exchange's success, surging over 900% to reach $8 by year-end,
supported by new burn mechanisms and enhanced utility features. The platform
also made a strategic $30 million investment in The Open Network (TON)
blockchain, positioning itself to capitalize on emerging GameFi and Tap-to-Earn
trends.
“As the
crypto market matures, only the most resilient assets with strong ecosystems
and real-world utility can thrive through cycles,” Chen added. “BGB, ranked
among the top 30 tokens, has established itself as a leading utility token with
exceptional liquidity and a strong community. This merger will enhance BGB’s
role within Bitget’s ecosystem and create new opportunities for exploring the decentralized
world.”
“This is an exciting opportunity
for me to be working with incredibly talented people and to continue to be able
to enhance the industry’s culture of compliance, working side-by-side with
regulators, in order to contribute meaningfully to the sustainability of the
digital assets ecosystem,” Ng said.
Other updates
Professional
trading activity on the platform showed robust growth, with the number of pro
traders increasing 43% to 200,000, while copy-trading followers grew to
900,000. Successful trades exceeded 100 million, generating over $600 million
in profitable trades.
The
platform expanded its offerings significantly, increasing its token listings
from 600 to over 800 and nearly doubling its USDT-M futures trading pairs to
400. New features including Bitget Pay, Pre-market trading, and PoolX were
introduced to enhance user engagement and investment opportunities.
Cryptocurrency
exchange Bitget has emerged as the second-largest crypto exchange ecosystem
globally, following a year that saw its user base expand by 400% to reach 100
million users, according to its 2024 transparency report released today (Thursday).
Bitget Emerges as
Second-Largest Crypto Exchange with 100 Million Users
The
platform's growth was accompanied by a surge in trading activity, with daily
volumes doubling to $20 billion and spot trading volumes expanding from $160
billion in the first quarter to $600 billion in the fourth quarter of 2024.
Gracy Chen, Source: LinkedIn
"Over
the past six years, with the robust foundation we've built and an incredible
team by my side, Bitget has transformed into a leading crypto platform,"
said Gracy Chen, who
was elevated to CEO from her previous role as Managing Director, becoming
the only female chief executive among the top 10 global exchanges.
The
exchange's geographic diversification also played a role in its expansion.
While East Asia's dominance in the user base declined from 90% in 2021, regions
including South Asia, Southeast Asia, and Latin America saw significant growth.
South Asia's market share tripled to 15%, while Southeast Asia grew to 12% of
total users.
“Our vision
is to build a superapp that seamlessly connects Web2 and Web3, enabling a
billion users to embrace financial freedom,” said Alvin Kan, COO
of Bitget Wallet.
“We are committed to leading this transformation and becoming the definitive
bridge between the real world and the onchain economy.”
Bitget Token Rallies 900%
Bitget's
native token, BGB, reflected
the exchange's success, surging over 900% to reach $8 by year-end,
supported by new burn mechanisms and enhanced utility features. The platform
also made a strategic $30 million investment in The Open Network (TON)
blockchain, positioning itself to capitalize on emerging GameFi and Tap-to-Earn
trends.
“As the
crypto market matures, only the most resilient assets with strong ecosystems
and real-world utility can thrive through cycles,” Chen added. “BGB, ranked
among the top 30 tokens, has established itself as a leading utility token with
exceptional liquidity and a strong community. This merger will enhance BGB’s
role within Bitget’s ecosystem and create new opportunities for exploring the decentralized
world.”
“This is an exciting opportunity
for me to be working with incredibly talented people and to continue to be able
to enhance the industry’s culture of compliance, working side-by-side with
regulators, in order to contribute meaningfully to the sustainability of the
digital assets ecosystem,” Ng said.
Other updates
Professional
trading activity on the platform showed robust growth, with the number of pro
traders increasing 43% to 200,000, while copy-trading followers grew to
900,000. Successful trades exceeded 100 million, generating over $600 million
in profitable trades.
The
platform expanded its offerings significantly, increasing its token listings
from 600 to over 800 and nearly doubling its USDT-M futures trading pairs to
400. New features including Bitget Pay, Pre-market trading, and PoolX were
introduced to enhance user engagement and investment opportunities.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Coinbase to Use Cyprus License to Offer Crypto Perps and Futures, Closes BUX's CFD Accounts
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
