Bitget: Rise to the Third Largest Cryptocurrency Exchange
Bitget, a leading cryptocurrency exchange and Web3 company, recorded a remarkable 21% increase in futures trading volume in May 2025. This growth was driven by a 26% rise in futures trading, indicating increasing market acceptance and investor confidence. At the same time, Bitget achieved third place among cryptocurrency exchanges, making it the world’s third-largest cryptocurrency exchange by spot volume, directly behind Binance and Bybit.
Key Figures from the Transparency Report of May 2025
- Futures Trading Volume: An increase of 21%, driven by a 26% rise in futures trading.
- Spot Trading Volume: Reached 107 billion USD, making Bitget the third-largest cryptocurrency exchange by spot volume.
- Market Share: Bitget has an estimated market share of 8.9% in spot trading.
- New Users: Over 500,000 new users were added in May, bringing the total number of new registrations in the second quarter to over 2 million.
- Proof-of-Reserves Ratio: Bitget reported an industry-leading proof-of-reserves ratio of 192%.
- Protection Fund: The protection fund reached a new high of 725 million USD.
Market Environment and Future Outlook
The cryptocurrency market continues to be dynamic, with significant regulatory developments, institutional investments, and technological advancements. Despite the overall market consolidation in May 2025, during which the total market capitalization for cryptocurrencies fluctuated between 3.6 trillion and 3.28 trillion USD, Bitget has strengthened its position through continuous growth and innovation. Investors should stay informed about these developments to effectively navigate the complexities of the crypto market.