Bitget’s latest transparency report revealed that Crypto Exchange has processed a total trading volume of $2.08 trillion.
A press release sent to Crypto.News found that spot trading volume for Crypto Exchange increased 159% compared to the previous quarter, totaling $387 billion. The sharp rise in spot trading on the platform followed an increase in market participation amid the introduction of new lists and emerging platform features.
According to the company’s transparency report, Crypto Exchange’s user base grew in the first quarter of 2025 alone with 4.89 million users on its main CEX platform and 15 million users on its Bitget wallet. Overall, the platform’s global users exceed 120 million users, showing a 20% increase compared to the 2024 quarter. Users can access the full report on the platform’s official website.
Meanwhile, platform demonstrations have crossed the 130% threshold in the quarter. Meanwhile, Bitget has increased its conservation fund nearly $20 million from $495 million in January to $514 million in March this year. The decision comes after seeing a record $2.1 billion loss from crypto hacks in the crypto industry.
April 14, 2025, Bitget token price chart for the past hour | Source: crypto.news
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At pressing, the Bitget token (BGB) was soaked only 2.48%. However, it has increased by more than 10% over the past week, and has increased by 273% over the past year. BGB is currently trading hands for $4.27. BGB’s market capitalization is $5.1 billion, with 24-hour trading volumes exceeding $100 million.
Bitget CEO Gracy Chen emphasized the importance of adapting to unstable market conditions and the ever-changing crypto landscape. She sees a significant increase in users and trading volume as a reflection of the platform’s continued growth, paving the way for more innovation in the future.
“In the next quarter, we will continue to focus on facility-grade infrastructure and double the expansion of Web3’s presence through the ecosystem,” Chen said, adding that compliance will also be a key focus as the platform aims to navigate global surveillance efforts.
Most recently, under the recently updated burn mechanism with the first quarter burns of 2025, Bitget burned over 30 million BGB. The new burn mechanism is based on the amount of tokens burned based on the chain utility.
read more: Bitget plans to burn $120 million worth of BGB under a new quarterly mechanism
