The platform expanded its technical infrastructure while maintaining connections with over 100 blockchains.
In the meantime, its utility token BGB surged by 1,000% this year.
The non-custodial crypto wallet provided by the Bitget exchange reported that its user base exceeded
60 million globally in 2024. According to the company's year-end report, this represents a 300% increase from the previous
year.
Bitget Wallet Reports 300% User Growth amid Digital Asset Expansion
Bitget
Wallet documented significant regional variations in user adoption. African
markets demonstrated the highest percentage gains, with Nigeria recording a
1,468% increase in users. The broader African continent saw growth exceeding
1,000% compared to the previous year.
Alvin Kan, Chief Operating Officer of Bitget Wallet
“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.”
In the
Middle Eastern markets, Saudi Arabia registered 482% user growth while the
United Arab Emirates showed a 326% increase. European markets also exhibited
substantial expansion, with France recording 1,091% growth, followed by the
United Kingdom at 687% and Germany at 657%.
The
platform's data indicates distinct regional patterns in trading behavior. DeFi
token trading averaged $3,312 in annual volume per user. Its highest activity is concentrated in East Asia, the Middle East, and the Americas. Meme token
trading volumes averaged $1,337 per user annually, with the Middle East,
Europe, and East Asia showing the most significant activity.
Within two
months, Bitget Wallet expanded its user base by
20 million. For comparison, at the beginning of 2019, the platform had
“only” 1 million users.
This new
milestone coincided with an all-time high for the exchange's utility
token, BGB, which tested the $8.5 level, marking a 1000% increase in 2024.
2024 Recap
The
company's integration with Telegram's ecosystem resulted in the launch of
Bitget Wallet Lite, which accumulated 10 million users within its initial
month. To support further development, the company allocated $20 million toward
a Telegram Mini-App Support Program and introduced the OmniConnect Dev Kit.
The first
quarter of 2024 saw the introduction of the Bitget Onchain Layer. Subsequently,
the company consolidated its token structure, merging its platform token BWB
with BGB tokens. The unified BGB token now facilitates multi-chain gas payments
and staking operations.
Data from
the platform indicates increased blockchain adoption across multiple networks.
User addresses on TON, Base, and Solana networks showed fortyfold
year-over-year growth. The platform currently maintains connections with over
100 blockchains and facilitates access to approximately 20,000 decentralized
applications.
Forward Strategy
For 2025,
the company outlined plans to expand its services in on-chain financial
operations, focusing on trading execution and digital asset management.
Additional development priorities include streamlining crypto payment systems
and implementing simplified fiat-to-crypto conversion processes.
The non-custodial crypto wallet provided by the Bitget exchange reported that its user base exceeded
60 million globally in 2024. According to the company's year-end report, this represents a 300% increase from the previous
year.
Bitget Wallet Reports 300% User Growth amid Digital Asset Expansion
Bitget
Wallet documented significant regional variations in user adoption. African
markets demonstrated the highest percentage gains, with Nigeria recording a
1,468% increase in users. The broader African continent saw growth exceeding
1,000% compared to the previous year.
Alvin Kan, Chief Operating Officer of Bitget Wallet
“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.”
In the
Middle Eastern markets, Saudi Arabia registered 482% user growth while the
United Arab Emirates showed a 326% increase. European markets also exhibited
substantial expansion, with France recording 1,091% growth, followed by the
United Kingdom at 687% and Germany at 657%.
The
platform's data indicates distinct regional patterns in trading behavior. DeFi
token trading averaged $3,312 in annual volume per user. Its highest activity is concentrated in East Asia, the Middle East, and the Americas. Meme token
trading volumes averaged $1,337 per user annually, with the Middle East,
Europe, and East Asia showing the most significant activity.
Within two
months, Bitget Wallet expanded its user base by
20 million. For comparison, at the beginning of 2019, the platform had
“only” 1 million users.
This new
milestone coincided with an all-time high for the exchange's utility
token, BGB, which tested the $8.5 level, marking a 1000% increase in 2024.
2024 Recap
The
company's integration with Telegram's ecosystem resulted in the launch of
Bitget Wallet Lite, which accumulated 10 million users within its initial
month. To support further development, the company allocated $20 million toward
a Telegram Mini-App Support Program and introduced the OmniConnect Dev Kit.
The first
quarter of 2024 saw the introduction of the Bitget Onchain Layer. Subsequently,
the company consolidated its token structure, merging its platform token BWB
with BGB tokens. The unified BGB token now facilitates multi-chain gas payments
and staking operations.
Data from
the platform indicates increased blockchain adoption across multiple networks.
User addresses on TON, Base, and Solana networks showed fortyfold
year-over-year growth. The platform currently maintains connections with over
100 blockchains and facilitates access to approximately 20,000 decentralized
applications.
Forward Strategy
For 2025,
the company outlined plans to expand its services in on-chain financial
operations, focusing on trading execution and digital asset management.
Additional development priorities include streamlining crypto payment systems
and implementing simplified fiat-to-crypto conversion processes.
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.
Kalshi Prediction Market and TRON Integration Bridges Traditional Finance with Crypto
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
