Bitget User Statistics 2024
Written by Ayanika Das
Ayanika is an experienced content writer with a background in Hotel Management and a master's in hospitality administration from IHM Calcutta. With her expertise in content creation and copywriting, Ayanika has collaborated with numerous companies across various sectors. She's currently focusing on the crypto and investment sectors and crafting in-depth pieces about different aspects of the crypto space.
Expert reviewedExpert Reviewed
This article has been reviewed by crypto market experts at SCM to ensure all the content, sources, and claims adhere to the highest standards of accuracy and reliability.
Last Updated on December 11, 2024
Established in 2018, Bitget is a dynamic crypto trading platform with a mission to make digital transactions more secure, efficient, and intelligent.
The exchange offers various services, including futures and spot trading, supporting over 550 cryptocurrencies. The crypto exchange facilitates about 600+ crypto tokens and 700+ trading pairs transactions.
The platform provides a seamless trading experience in over 160 countries, leveraging its robust infrastructure and a team of more than 1,500 workers.
In 2022, the exchange even roped in football star Lionel Messi as the face of the brand. The exchange and football icon had a 2-year collaboration for marketing purposes.
To gain customers’ trust, Bitget partnered with Lionel Messi to showcase how even their favorite football star was getting into Web3, crypto.
The exchange also intended to grab the attention of the massive fanbase of the football star and solidify the position of Web3, the crypto spectrum.
Bitget strives to inspire confidence and trust among its users and emerge as a preferred choice for novice and seasoned traders in the evolving world of digital finance.
At the time of this article, Bybit holds the 4th spot in the 24-hour derivatives trading volume.
It’s just one point pointing towards the success of Bitget. We have collected more such data indicating the success and popularity of the exchange among crypto users.
To further understand Bitget’s market position, check out the data compiled below.
Summary of Key Statistics
- In Q1 of 2024, Bitget recorded a total user number of 25 million.
- From 2020 to 2024, the user base increased by 174.33%.
- Bitget’s total trading volume market share rose from 6.7% in Q1 2023 to 8.1% in Q2 2023.
- The highest 24-hour trading volume reported by Bitget until June 2024 was $1.62 billion.
- In 2023, Bitget’s total trading volume was $3.14 trillion.
Bitget User Count
Two years after its inception, the exchange in 2022 reported a user count of 9.1 million. Data for 2021 is unavailable, so we cannot determine whether the platform’s user count increased or decreased that year.
However, after 2021, the data shows a steady upward trend in Bitget’s user numbers.
The user count in 2022 reached the 15 million mark, which increased to 20 million in 2023, reflecting a 33.33% growth within that year. As of Q1 2024, Bitget’s user base stands at 25 million.
From 2020 to 2024, Bitget’s user base grew substantially by 174.33%. This significant growth rate over four years is a testament to Bitget’s rapidly increasing popularity.
| Year | User Count |
| 2020 | 9.1 Million |
| 2021 | Data Not found |
| 2022 | 15 million |
| 2023 | 20 million |
| Q1 2024 | 25 million |
Bitget Market Share
In 2023, Bitget had the fourth-highest market share at approximately 8.1% based on total trading volume, following Bybit, OKX, and Binance.
In the first quarter of 2023, Bitget held a 6.7% share of the total trading volume among exchanges. Over the year, Bitget’s market share increased by 1.4%.
This indicates that Bitget’s total trading volume is growing, and the exchange is rapidly rising to the top, increasing its market share.
Regarding derivatives trading, Bitget held a 2.4% market share among all the exchanges. Bitget became the 3rd largest derivatives trading platform in the Q1 of 2024.
Bitget Trading Volume Statistics
In 2023, Bitget witnessed a spot and futures trading volume of about $81.6 billion and $3.06 trillion, respectively.
Bitget’s spot trading figure reached $160 billion in Q1 of 2024.
Meanwhile, the future trading volume stood at $1.4 trillion. This data also indicates that Bitget’s derivatives or future trading outweighed the spot trading volume.
Bitget 24 Hr Trading Volume Numbers
As of June 2024, Bitget has the 15th-highest total 24-hour trading volume of about $1.62 billion. In 2023, the derivatives 24-hour trading volume peaked at $8.4 billion.
Bitget Funding & New Initiatives
In 2023, Bitget made several strategic investments and fund allocations. It began with a $30 million investment in BitKeep.
The exchange established two separate $100 million funds, EmpowerX and Web3, to develop and expand the Web3 spectrum. Additionally, Bitget allocated $10 million to launch the Blockchain4Youth project.
To support the crypto community, Bitget donated all its SLERF trading fees to community initiatives. Between 2023 and the first quarter 2024, the exchange listed 186 new tokens and launched 7 new projects.
Bitget is clearly on a path of expansion and growth.
FAQs
Q1. What is the size of Bitget’s protection fund?
Bitget established a $443 million protection fund to safeguard users from cybersecurity breaches. The exchange also maintains a proof-of-reserve system. These measures enhance Bitget’s appeal as a secure platform for cryptocurrency trading.
Q2. What is Bitget’s native token, and what is its Market Cap?
Bitget’s native token, BGB, currently has a market cap of $1.57 billion.
Q3.Which is the most traded currency on Bitget?
As per the data, BTC/USDT is the most traded cryptocurrency on Bitget. It has a 24-hour trading volume of $262.7 million.
Q4. What are the trading fees on Bitget?
Bitget operates on a maker-and-taker fee model. For spot trading, the fee is 0.1% for both makers and takers. The maker fee is 0.02% for derivative trading, and the taker fee is 0.06%.
