BitGet Celebrates Explosive User Growth as Global Reach Expands

With a tremendous spike in user registrations, the cryptocurrency exchange BitGet currently boasts over 45 million registered users globally. The site has had an astounding 400% increase in users worldwide since 2023, according to BitGet CEO Gracy Chen. This is a noteworthy achievement as the company marks its sixth year in the cryptocurrency sector.

BitGet is becoming more and more popular in many areas, as seen by its quick growth. The exchange experienced a 1,614% surge in users in Africa, indicating the growing popularity of cryptocurrencies in the region. In a similar vein, user growth was recorded in Southeast Asia (216%) and South Asia (729%).

Strong Asset Inflows and Trading Volumes Boost Platform Activity

The first half of 2024 has been particularly profitable for BitGet. The platform recorded a net inflow of $779 million in assets, underscoring its rising popularity among traders. BitGet’s daily trading volume has also surged, exceeding $10 billion, while the platform now sees over 30 million monthly visits.

The launch of new products has played a crucial role in driving these figures. BitGet noted that PoolX, one of its recent offerings, introduced more than 60 projects in just three months, attracting over 350,000 users and boosting earnings. Pre-market trading features have also drawn significant participation, with over 35,000 traders engaging, further enhancing platform activity.

In spite of BitGet’s explosive expansion, Binance continues to rule the cryptocurrency exchange industry. More than a third of cryptocurrency holdings, or 200 million global users, were registered on the largest exchange in the world based on trading volume in June.

There are no indications that Binance’s growth would slow down; in 2023, the platform added 40 million users, and in the first half of 2024, it added another 30 million. If things continue this way, Binance predicts that by 2026, it will have 300 million users, securing its dominant position in the industry.