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Bitget Becomes Second Largest Crypto Exchange as User Base Surges 400% in 2024
Bitget, a cryptocurrency exchange company, has become the second-largest crypto exchange ecosystem by user base. In its 2024 transparency report, the exchange stated that its user base increased by 400%, from 20 million in January to over 100 million in December.
The exchange also experienced growth in trading activity, with daily volume doubling to hit $20 billion. Additionally, spot trading volumes increased from $160 billion in the first quarter to $600 billion by the fourth quarter of 2024.
Bitget explained how geographic diversification contributed to its expansion, noting that between 2021 and 2024, its user base in South Asia increased by 200%, while in Southeast Asia and Europe, it expanded by 140% and 67%, respectively. The highest increase was in Africa, which saw more than 300%. Furthermore, the Bitget Wallet surged past 60 million users, marking a 300% growth in 2024.
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