TechFlow News, on January 23, Bitget released its 2024 Transparency Report. According to the report, Bitget's global registered user base surpassed 100 million, a 400% increase compared to January of this year. Average daily trading volume reached $20 billion, doubling from last year. Spot trading volume specifically grew from $160 billion in the first quarter to $600 billion in the fourth quarter.
In December, BGB completed its first token burn, with the value of the burned portion exceeding $5 billion. After the burn, BGB’s total supply was reduced to 1.2 billion tokens, all fully circulating, and quarterly buyback-and-burn events will now commence. In 2025, Bitget will focus on integrating BGB into three key areas: on-chain application scenarios, PayFi payment use cases, and platform-based rights and benefits, positioning BGB as a mainstream asset deeply embedded within major public blockchains and leading DeFi ecosystems.
Additionally, Bitget has made significant progress in compliance, actively applying for and obtaining regulatory licenses in multiple jurisdictions to ensure a secure and reliable trading environment for users. Led by Hon Ng, a globally recognized Top 20 Legal Leader selected by the Financial Times, Bitget’s professional compliance team has secured permits in El Salvador, Australia, Italy, Poland, and Lithuania, and has launched compliant services in the UK.
