The third quarter of 2024 marked significant shifts in the crypto landscape, with Bitget standing out as a leader among exchanges. Despite market volatility, Bitget achieved a global top 4 ranking and attracted over 45 million users, surpassing many competitors in volume and user engagement.
Key Achievements and Growth in Q3 User Base and Market Expansion:
Bitget's user base saw remarkable growth, reaching 45 million globally. The exchange saw increased activity particularly in regions like APAC, where it led with 31% of trading during local hours and was a weekend trading favorite. Bitget's competitive fees, extensive altcoin offerings, and incentives drew in retail investors.
Strategic Partnerships and Innovations:
Bitget's partnership with LALIGA highlights its commitment to bridging Web3 and sports, reaching fans in emerging markets through innovative crypto solutions. Additionally, Bitget invested $30 million with Foresight Ventures to support The Open Network (TON), promoting projects that tap into Telegram’s vast user base.
Bitget Wallet Success:
Bitget Wallet emerged as a top Web3 wallet, boasting 40 million downloads and leading the market in user engagement with features such as support for TON and Telegram integration. This success was bolstered by strategic product releases, including MemeX, enhancing the meme coin trading experience, and fiat integration through Apple Pay and Google Pay for seamless crypto transactions.
Trading Volume & Market Position:
Bitget achieved an 11% market share, reaching $11 trillion in lifetime spot and derivatives trading. The platform ranks third globally in market share growth, with trading volumes consistently high thanks to strategic altcoin listings and incentives for top traders.
New Products and User Engagement:
The exchange introduced PoolX, a staking platform offering high returns on popular tokens, and launched pre-market trading for early token access. Bitget also launched the MemeX platform to cater to the meme coin community, further diversifying user engagement.
Concluding the Quarter Bitget's focus on user growth, retail trader engagement, and market-leading innovations underlines its commitment to making crypto accessible and driving Web3 adoption. With a growing ecosystem, strategic partnerships, and new product offerings, Bitget is well-positioned to expand its influence in the crypto landscape.
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