Bitget has witnessed impressive growth in 2024. What are the main factors that contributed to this success?
I think three main factors contributed to impressive growth Peter last year.
First of all, we have canceled the priority for a user -focused approach, as we offer various investment opportunities through innovative products such as pre -market or billiards. In addition, we strictly choose and include high -quality quality projects, and we provide users access to more than 800 coins while maintaining strong compliance and safety protocols.
Second, we have strengthened our legal framework and greatly compliance. Hun Nug’s main appointments as legal officials and Maine to lead global growth were essential. This team led the main organizational approvals, including a license in the UK, the Bitcoin (BSP) service provider in El Salvador, the launch of the Stock Exchange in Vietnam, and the unification of our site as an organized and compatible player in the bull and the bear market.
Third, strategic investments and partnerships were decisive to Numona. Our $ 30 million investments in TON, along with Foresight Ventures, is an excellent example of how to take advantage of strategic cooperation to expand our reaching new market opportunities.
What markets were the main engines of growth for Peter this year? Are there new regions that focus on it for 2025?
Africa recorded the highest increase, equal to 300 %, followed by South Asia with 200 %, the Association of Independent Countries by 150 %, and Southeast Asia with 140 % growth. European users also increased by 67 %, while Latin America and the Middle East witnessed great increases.
In 2025, Peter She plans to continue its expansion in emerging markets such as Southeast Asia, Latin America, some parts of Africa and South Asia, where attention grows in Criptovalute quickly.
Did Bitget launched new features or products in 2024? How did they affect the user’s participation?
Yes, we have launched many innovative features that have improved greatly from the user’s participation. The market before the market was presented smoothly to the new codes and liquidity before the menus. Launchx, a symbolic launch platform, provided users access to the distinctive symbols of promising projects during the launch stages. Poolx, a platform for the share, allows users to share the specific metal currencies to earn the famous symbols in a simple and rewarding way. In addition, Bitget Pay facilitated instant cryptocurrency transactions and supported various cryptocurrencies.
These features, along with our focus on user experience and a strong safety frame, attracted a large number of new users and kept the current user base. In fact, our user base grew from 20 million in January to more than 100 million in December, and our daily trading volume doubled $ 20 billion in 2024.
How do you see the adoption of encrypted currencies in emerging markets and what are the strategies on which Bitget relied to attract new users in these areas?
Global recognition of encrypted currencies, especially in countries like the United States, had a significant impact on its adoption around the world. In emerging markets, supportive regulations prove that they are a major incentive. For example, Emirates Airlines has become a pioneering center in encrypted currencies thanks to their favorable tax policies and encryption environment.
In bitget, compliance, education, strategic partnerships are at the heart of our strategy. We have set priority to compliance and have designed our platform to meet their strict requirements, as it is clear from the licenses we obtained and our continuous cooperation with the local organizational authorities. This ensures that our products meet all the necessary criteria while giving priority to protect user assets and data.
To increase access improved, our Exchange provides Fiat gates, and local customer support. We also invest in Blockchain education initiatives, strategic care, and incentive programs for users in high -growth areas. These efforts made to build confidence in the great growth of Peter contributed from 25 million users at the beginning of the year to 100 million by the end of the year.
Are there large partnerships or cooperation with Peter in 2024? What is its effect on your ecosystem?
In 2024, Bitget signed an important partnership with Laliga, becoming an official partner in the encrypted currency in Eastern Europe, Southeast Asia and Latin America. This cooperation benefits from the popular football popularity to reach a broader audience and enhance the adoption of encrypted currencies among sports enthusiasts. Through compatibility with a global recognized sports association, Bitget expands the scope of its brand effectively and introduces cryptocurrencies to a new demographic.
The strategic investment of $ 30 million in TON (Open Network) of Bitget users increased in the first half of 2024.
These cooperatives were essential in achieving the highest market growth among our competitors. Our share in the Al -Baqa’a market and the joint derivatives grew by 4.05 % in 2024, reaching 10.5 %.
How did you deal with organizational challenges in the main markets? Do you think that the organizational scene has become more suitable for this sector?
The first measure that we took was to strengthen our compliance team by employing experts such as Hon NG, our chief legal officials with a strong background in this industry, and local organizational experts in the main judicial states. This allowed us to obtain major approvals in many countries, as we mentioned earlier.
In preparation for MICA, we are creating a regional center in Lithuania and employing major employees. We also enhance our risk management measures, such as KYC operations and AML monitoring, to meet the strict requirements of MICA. While there is a strong compliance frame in its place, which has been constantly improved, we are committed to continuous improvement in this field.
I think the organizational scene has gradually became more suitable for the coded currency industry. Organizers all over the world actively create comprehensive organizational frameworks that provide greater clarity, improve consumer protection, and strengthen a more stable and sustainable environmental system for cryptocurrency growth.
Security is a priority for encryption exchange. How did the Bitget approach developed to ensure the protection of users’ money and data?
Security is essential for bitget. We put priority for the user’s security through strong safety measures.
We have made the proof of the sponsors in December 2022 and since we have published a monthly report that provides a transparent overview of asset holdings and user balances. The last report shows a reserve rate of 134 %, which greatly exceeds industry standards.
We also have a protection fund of more than $ 600 million, to protect user assets from unexpected events such as electronic threats or severe market fluctuations. Users can monitor the fund’s assets in actual time through the wallet addresses available to the public.
In addition, we use advanced safety technologies, including storing a cold wallet, encrypting the full data throughout the entire life cycle, and partnerships with leading safety service providers such as Certik and Sumsub, to ensure a safe trading environment for all users.
What are the most interesting trends in the cryptocurrency market in 2024? How do you think it will develop in 2025?
In 2024, it represents a large milestone sign with the approval and launch of the circulating investment funds that focus on the encrypted currency. After the success of the investment funds circulating on Bitcoin and Ethereum, we expect new offers, such as the BTC investment funds, the investment funds circulated in Ethereum, and the various index funds. These products are expected to expand access to cryptocurrencies and attract large capital flows.
Moreover, the role of bitcoin as a strategic reserve asset acquires a ground. The creation of Bitcoin’s strategic reserves by the major countries, including the United States, can significantly enhance the state of bitcoin and reshape global financial dynamics, leading to the adoption or broader recognition.
Organizational clarity remains decisive to adopt the broader currencies. The efforts made to integrate traditional financing with encrypted currencies, similar to the effort of some political figures, have the ability to revolutionize the financial scene, pushing institutional adoption and promoting innovation. This rapprochement can lead to legitimacy to encrypted currencies, which paves the way for developing advanced financial products such as circulating investment funds and symbolic assets, a model that other leading countries may follow.
How do you see the future of the relationship between Defi and CEFI? Do you plan Bitget to increase functionality
I think Defi and CEFI will increase increasingly, providing users with the best in the worlds. Defi brings innovation and transformational features, while CEFI provides an organized and reliable environment.
In bitget, we embrace this rapprochement by combining both of them. We have invested extensively in Bitkeep (now Bitget) and we integrate it smoothly into our ecosystem. This allows us to provide advanced features such as Smart Money, which benefit from artificial intelligence to analyze the series on the series, and the strong integration of the ton, which enables features like Telegram Trading Boots and omniconnect SDK, more than 500 chains.
In the future, we will give priority to the development of features related to Payfi, the Blockchain innovation with the ability to use in the real world and a revolution in the way individuals run their financial resources.
