VICTORIA, Seychelles, April 14, 2025 (GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, Bitget ended the first quarter of 2025 with $2.08 trillion in total trading volume, driven by a sharp 159% increase in spot trading, which reached $387 billion. The spike came amid heightened market participation and sustained momentum across new listings and core product lines.
User growth remained strong. Bitget added 4.89 million users on its CEX platform and 15 million users on Bitget Wallet in Q1 alone, bringing the platform's global user base to over 120 million—a nearly 20% rise. Bitget's native token, BGB, had a volatile but net-positive quarter. The period also saw the introduction of a refreshed roadmap for BGB, outlining expanded utility in staking, Launchpad participation, and integrations with new DeFi ecosystems. A quarterly burn schedule remains in place to manage supply-side pressures.
Security stayed front and center, especially after a record-breaking $2.1 billion was lost to crypto hacks industry-wide. Bitget transferred nearly $100 million in ETH to Bybit after its breach, a move that signaled a rare but critical exchange-to-exchange alignment in times of crisis. Meanwhile, Bitget's Proof-of-Reserves consistently exceeded the 130% mark through Q1. Its Protection Fund grew from $495 million in January to $514 million by March, tracking a cautious yet upward trend in asset reserves.
"This quarter's performance shows the value of staying agile in a volatile environment. In the next quarter, we will continue to focus on institutional-grade infrastructure and double down on expanding its Web3 presence through our ecosystem. Compliance remains a key pillar as the exchange navigates tighter global oversight while staying anchored to its core ethos: helping users trade smarter," said Gracy Chen, CEO at Bitget.
Beyond product performance, Bitget broadened its global footprint through on-ground events and targeted initiatives. It entered motorsports by sponsoring Brazilian driver Flávio Sampaio in the 2025 Porsche Carrera Cup and hosted Ramadan-focused gatherings across MENA and Asia. Over 60,000 meals were distributed during the holy month through donations from local partners.
The Blockchain4Her initiative, launched in 2024 with $10 million earmarked for long-term deployment, marked its first anniversary. The program welcomed three new ambassadors and ran activations in Southeast Asia and Eastern Europe aimed at onboarding more women into Web3.
Bitget also advanced its infrastructure and integrations. AI-backed trading tool Bitget Seed was introduced to identify and list early-stage tokens with strong on-chain signals. Integrations with Zen and Callpay improved fiat onramps across Europe and South Africa. BGB's liquidity expanded further through Morph Chain and Bulbaswap.
Bitget continues to scale its infrastructure, onboard new users, and optimize for resilience. With a robust user pipeline, rising token activity, and new partnerships in motion, the platform is set for another strong quarter.
For the full Q1 2025 full report, please visit here.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.
Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1b44f8d0-d6b3-40ae-a53f-5e2a7967d105