Bitget August 2024 Transparency Report Released: 1.7 Million New Users

Bitget shared its August 2024 transparency report, which emphasized that it achieved significant growth by gaining 1.72 million users during this period when the markets were uncertain.

The most significant feature added during the process was the integration of Apple Pay and Google Pay, which allows users to convert their fiat money into crypto. This enables Bitget’s onramp capabilities, making it easier for users to transact with over 140 globally supported fiat currencies and over 100 cryptocurrencies.

The exchange’s daily trading volumes were 400 million USDT in spot markets and 7 billion USDT in futures. The platform’s protection fund remains strong at 400 million USDT, ensuring user safety.

“Bitget’s continuous innovation and security advancements have made Bitget one of the fastest growing exchanges. Consistently gaining over a million new users every month has been a huge achievement for us. This development also reflects the growing engagement of a wider audience in crypto,” said Gracy Chen, CEO of Bitget.

The platform currently has over 185,000 pro traders and over 840,000 copy trade followers who have made over 90 million successful trades. The profits from all these trades have resulted in over 500 million USDT, of which 23 million USDT was shared by elite traders.

On the Bitget ecosystem’s decentralized wallet side, Bitget Wallet introduced an MPC wallet with Telegram login that simplifies Web3 access by allowing users to create keyless wallets via their Telegram accounts.

This innovation is supported by a new Telegram trading bot that provides real-time market updates and facilitates meme coin trading, improving security and usability. Bitget Wallet has also integrated token listings for TRON and BNB Chain meme coins Four.Meme and Sun Pump, upgraded trading features, and committed $2 million in TRX to cover gas fees, making trading faster, cheaper, and more user-friendly.