Bitget, one of the leading global crypto exchanges, reported a significant increase in trading activity in the first quarter of 2025. According to the platform’s latest transparency report, Bitget processed a staggering $2.08 trillion in total trading volume, with spot trading surging 159% quarter-over-quarter to reach $387 billion.
Record Growth Driven by New Listings and Features
The sharp uptick in spot trading volume was attributed to increased market participation, spurred by new token listings and the launch of innovative platform features. Bitget’s growing reputation as a user-focused exchange with both centralized and decentralized components has helped it attract a broad global user base.
The report notes a user base increase of 4.89 million on Bitget’s central exchange (CEX) and 15 million new users on Bitget Wallet in Q1 2025 alone. Altogether, Bitget’s global user base now exceeds 120 million, marking a 20% growth compared to the previous quarter.
Strengthening Reserves and Security
Amidst heightened concerns over crypto security—after the industry suffered $2.1 billion in losses to hacks in Q1—Bitget reinforced its defenses by expanding its protection fund. The fund grew by $19 million, rising from $495 million in January to $514 million by March.
Bitget also maintained a proof-of-reserves ratio above 130%, bolstering investor confidence and transparency. The company continues to provide publicly accessible reports on its reserve holdings via its official channels.
BGB Token Performance and Burn Mechanism
Bitget’s native token, BGB, is currently trading at $4.27, with a market cap of $5.1 billion and a 24-hour trading volume exceeding $100 million. While BGB experienced a minor dip of 2.48% at press time, it has risen over 10% in the past week and an impressive 273% year-over-year.
The exchange also executed a burn of over 30 million BGB in its first quarterly burn of 2025, part of a recently updated burn mechanism that ties token burns to on-chain utility and activity.
CEO Remarks and Future Outlook
Gracy Chen, CEO of Bitget, emphasized that adapting to market shifts is crucial for long-term growth:
“In the next quarter, we will continue to focus on institutional-grade infrastructure and double down on expanding our Web3 presence through our ecosystem,” said Chen. “Compliance will also be a key focus as we navigate evolving global oversight.”
Chen highlighted that Bitget’s momentum, especially in spot trading, reflects the platform’s commitment to scalability, user experience, and transparency.
Final Thoughts
Bitget’s Q1 2025 performance signals the growing appetite for robust and transparent trading platforms in the crypto sector. With aggressive user growth, increased reserves, and ongoing innovation, Bitget is positioning itself as a formidable player in both the centralized and decentralized crypto economy.
