Bitget's May Report Highlights 21% increase in Futures Trading Volume Accelerating it to top #3 exchange
VICTORIA, Seychelles, June 13, 2025 (GLOBE NEWSWIRE) —
Bitget
, the leading cryptocurrency exchange and Web3 company, has released its May 2025 Transparency Report, highlighting growth in trading activity, product innovation, global expansion, and social impact despite a consolidating crypto market.
In May, the total crypto market cap fluctuated from a high of $3.6 trillion to close at $3.28 trillion, with daily trading volume averaging $84.44 billion. Despite broader market consolidation, Bitget's trading volume surged by 21%, led by a 26% increase in futures trading. Spot trading reached $107 billion, ranking Bitget as the #3 crypto exchange globally by spot volume, just behind Binance and Bybit, and capturing an estimated 8.9% market share, according to Coingecko data.
Bitget added over 500,000 new users in May alone, contributing to more than 2 million new users in Q2 2025. Bitget also recorded an industry-leading 192% Proof of Reserves ratio, and its Protection Fund hit an all-time high of $725 million, reflecting a long-term commitment to transparency, asset security, and user protection.
May was a milestone month for Bitget Wallet, which rebranded under the '
Crypto for Everyone
' identity and rolled out major upgrades. Key launches included
Paydify integration
for seamless LATAM fiat onramps, a '
Shop with Crypto
' marketplace for spending at 300+ global brands, and
Bitget Wallet Alpha
, a mobile-native hub for token discovery and one-click trading across 130+ blockchains.
Bitget forged key partnerships to drive adoption and education, teaming up with
Sweat
to expand crypto access in Southeast Asia, and collaborating with Cryptita to launch a
blockchain encyclopedia for youth
, promoting early crypto literacy.
Product rollouts this month included the highly anticipated launch of
Bitget Live
, a real-time streaming feature designed to empower creators and expert traders to share their insights directly on the platform. The exchange also unveiled
BGUSD
, a USDC-pegged stablecoin backed by tokenized real-world assets including US Treasuries. Bitget Wallet became the
official wallet for LINE's Mini Dapp Portal
, allowing LINE's 196 million users to access Kaia chain games and tools via Bitget.
Bitget continued to expand its listing of new digital assets, welcoming
RLUSD
, Ripple's USD-backed stablecoin, to its platform. Bitget also listed
Shardeum
, a scalable, EVM-compatible Layer 1 blockchain, allowing users to access high-performance DeFi protocols and smart contract applications. The addition of
USD1
, a stablecoin issued by World Liberty Financial and affiliated with the Trump family, signaled Bitget's commitment to onboarding digital assets that aim to bridge fiat and crypto for broader user adoption.
In May, Bitget advanced its social impact efforts through its
Blockchain4Youth
program, which marked two years with over 8,000 participants and global outreach across 70+ countries. It also supported Google's '
Build With AI
' Hackathon, delivered
emergency aid
to earthquake-affected families in Myanmar, and expanded its
Starlink Program
in the Philippines to bring satellite internet to underserved islands, supporting long-term digital and blockchain inclusion.
From its strong on-chain integrations to fiat-crypto innovation, Bitget continues to set new benchmarks in exchange trust, product utility, and real-world Web3 applications. Bitget's sustained momentum positions it as a key driver in the next phase of crypto evolution.
For the full transparency report, visit
here
.
About Bitget
Established in 2018, Bitget is the world's leading
cryptocurrency exchange
and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to
Bitcoin price
,
Ethereum price
, and other cryptocurrency prices. Formerly known as BitKeep,
Bitget Wallet
is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
For more information, visit:
Website
|
Twitter
|
Telegram
|
LinkedIn
|
Discord
|
Bitget Wallet
For media inquiries, please contact:
media@bitget.com
Risk Warning:
Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our
Terms of Use
.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/5780c3bf-ff65-4550-a482-35cb88758332
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
7 minutes ago
- Yahoo
Jefferies Turns Bullish on Quaker Chemical, Sees Upside Potential
Quaker Chemical Corporation (NYSE:KWR) is one of the 8 cheap beginner stocks to buy right now. On June 9, Quaker Chemical Corporation (NYSE:KWR) was upgraded from Hold to Buy by Jefferies analysts. In keeping with its optimistic assessment of the company's performance, the firm also increased its price target from $115 to $146. Despite challenges in the end markets, Jefferies analysts emphasized Quaker Chemical's strong margins and return on capital employed (ROCE), which are still higher than 2019 levels. Over the course of four years, they observed a notable decline in the company's EV/EBITDA, which has caused share prices to drop to levels comparable to those at which earnings per share were less than $5. According to the analysts, Quaker Chemical Corporation (NYSE:KWR) is a "good quality-at-a-reasonable-price candidate," with a free cash flow yield of 7%. By highlighting the company's competitive edge and cyclical leverage, they predict that earnings will likely grow in 2026. Jefferies also believes that Quaker Chemical's shares may rerate relative to its peers, which may mean that the stock could reach $245 in 2027. In the best-case scenario, analysts predict that KWR could triple by 2030. Quaker Chemical Corporation (NYSE:KWR) is a global provider of industrial products for heavy manufacturing sectors. The company offers a wide range of products, with a focus on rolling lubricants, hydraulic fluids, forming and forging fluids, corrosion inhibitors, and metal removal fluids. While we acknowledge the potential of KWR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None. Sign in to access your portfolio
Yahoo
18 minutes ago
- Yahoo
I'm an Economist: 4 Bits of Investing Advice Amid Turbulent Trump Market
Since President Trump took office for the second time, the market has been on a wild ride largely due to implementation of mass tariffs, causing many Americans nearing retirement and those who have already stopped working to panic for their 401(k)s. For You: Check Out: 'I looked at my 401(k) this morning and in the last two days that's lost $58,000. That's stressful,' recent retiree Victor Fettes, 54, told NBC News. 'If that continues, I can't stay retired.' With the market in continuous flux, Trump's tariffs threaten to increase prices and inflation. And Americans are feeling financially strapped. Many are worried about their golden years and whether they should invest. While there's no one size fits all answer, there are several things to consider, according to experts. It's scary to shell out money for investments when the market is uncertain. One benefit to investing during such economic instability is you can often buy stocks at a lower price and sell them at a higher cost later. However, individual situations vary. Tracy Shuchart, Senior Economist at NinjaTrader, advised to take note of Russell Investments' comprehensive analysis of 31 U.S. recessions from 1869 to 2018. 'Historical evidence strongly supports continued investment during periods of economic uncertainty, despite the counterintuitive nature of this approach,' she stated, referring to the data revealing 16 out of the 31 recessions produced positive stock market returns. She explained, 'Market timing presents significant challenges that argue against attempting to avoid volatile periods entirely and that Russell Investments' research demonstrates beating a buy-and-hold strategy over 150 years would require correctly predicting 77% of market turning points — a level of accuracy that proves elusive even for professional investors.' Looking to the past to see how the country endured previous economically challenging times can help forecast how future recessions will fare, and determine a financial path that will build long-term stability even during shaky times. Discover More: A volatile market can create a lack of confidence when it comes to investing, but there are calculated systems that can work during turbulent times such as the dollar-cost averaging strategy. It involves investing a fixed amount in regular intervals, whatever the amount is. According to Shuchart, this method 'provides both mathematical and behavioral advantages during volatile markets.' She explained further that 'this mechanism reduces the average cost per share over time, while eliminating the need for timing decisions.' Amy Pridemore, a financial wellness instructor at Virginia Commonwealth University, agreed that dollar-cost averaging is the way to go. 'This action allows individuals to create healthy savings behaviors regardless of current market trends,' she explained Pridemore went on to say that 'money will be invested when the market is down, money will be invested when the market is up — this 'set it and forget it' approach provides wins for investors all around.' Another approach Shuchart recommended was quality focus — investing in companies with solid fundamentals, consistent profitability and a strong history of growth. 'Companies with strong balance sheets, consistent earnings, competitive advantages and experienced management teams typically demonstrate greater resilience during economic stress, and often emerge stronger when conditions improve,' she explained. Quality focus can reduce the risk, while creating the opportunity for a potential big payout, according to The Economic Times. Making a big financial decision under distress can lead to a shattering outcome, and cause you to leave money on the table. According to Shuchart, BlackRock's analysis of S&P 500 performance from 2005 to 2024 demonstrated the severe consequences of missing market recovery periods: Remaining fully invested: $717,046 (from $100,000 initial investment) Missing the 5 best days: $452,884 (37% reduction) Missing the 25 best days: $158,792 (78% reduction) A rushed choice about financial matters doesn't always end well. When making investment decisions, it's vital to think long term. 'The economy has shown fluctuations and recovery,' Peter Reagan, financial market strategist at Birch Gold Group, stated. 'It will continue to do so.' He explained, 'Having investments that have shown their strength of preserving wealth across these fluctuations is something to remember before even considering selling any investments.' Editor's note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on More From GOBankingRates 5 Types of Cars Retirees Should Stay Away From Buying This article originally appeared on I'm an Economist: 4 Bits of Investing Advice Amid Turbulent Trump Market
Politico
26 minutes ago
- Politico
Trump has a plan to remake the housing-finance system. It's baffling to many lawmakers and experts.
GOP lawmakers and the mortgage industry are raising questions about the Trump administration's plans to maintain government control over much of the nation's housing finance system, defying expectations that it would back off. President Donald Trump surprised the industry late last month by pledging to take public Fannie Mae and Freddie Mac, the government-controlled companies that stand behind half the $16 trillion residential mortgage market — while preserving an implicit federal guarantee for their solvency. His top housing regulator, Bill Pulte, who oversees the companies, added to the confusion by saying the administration is exploring ways to sell shares while keeping the companies under government authority. The insistence on preserving significant sway over the two mortgage giants, which were seized by the Bush administration during the financial crisis and placed in conservatorship, is setting up a potential rift with Republicans — and possibly even some administration aides who have long worked to reduce the government's footprint in the housing market. 'I want to get them out of conservatorship,' said Sen. Mike Rounds (R-S.D.), chair of the Senate Banking subcommittee with oversight of Fannie and Freddie. 'But I want to be very careful about how we do it, because we need the secondary market, and we need it to work,' he added, referring to the market where mortgage loans are purchased and sold to investors. Rep. Andy Barr (R-Ky.), a member of the House Financial Services Committee, said 'we need to continue to investigate recapitalization and releasing' the companies from government control. The question of what to do with Fannie and Freddie has bedeviled policymakers for decades, with Republicans wanting the government to take its hands off housing finance and Democrats fearing that privatizing the firms would destabilize the market and push up mortgage rates. At stake is a potential windfall of hundreds of billions of dollars for an administration that is staring at massive fiscal deficits. The government holds a roughly $340 billion liquidation preference for the two companies, by one estimate — meaning the money would go to the Treasury Department before anyone else in the event of a sale. Pulte, the director of the Federal Housing Finance Agency, will meet with Treasury Secretary Scott Bessent and Securities and Exchange Commission Chair Paul Atkins on June 17 to discuss the future of Fannie and Freddie, underscoring the importance of the issue. Fannie and Freddie don't make loans themselves, but rather purchase them from mortgage companies and bundle them into securities to sell on the secondary market, freeing up the lenders to make more loans. That, plus the government guarantee, helps keep mortgage rates down, supporters say. Trump was widely expected to support privatization, after his first administration worked to prepare the companies for their eventual release. But his latest comments look more like what former President Joe Biden would do, according to Jim Parrott, a nonresident fellow at the Urban Institute and a former economic adviser in the Obama White House. 'In the Biden administration, you could imagine a version of this,' Parrott said. 'The fact that we're hearing about it in this administration, I think, is catching folks by surprise.' The FHFA responded in an email that it is 'studying how, if the President elects to take Fannie and Freddie public, it can be done in the safest and soundest manner which includes keeping them in conservatorship.' It added: 'In any scenario, we will ensure the [mortgage-backed securities] market is safe and sound and that there is no upward pressure on rates.' White House deputy press secretary Harrison Fields said the administration 'is committed to strengthening the Federal Housing Finance Agency to advance the President's mission of restoring the dream of homeownership for all Americans.' Keeping Fannie and Freddie in conservatorship, according to one shareholder, amounts to attaching 'training wheels' as the government figures out how to monetize its stake. 'I think Pulte has probably confused people more than anything with his message,' said Tim Pagliara, a shareholder and author of the book 'Another Big Lie: How the Government Stole Billions from the American Dream of Home Ownership and Got Caught!' 'So the idea, for example, of allowing these entities to operate in conservatorship is a strategy that they probably talked about with the investment bankers on their primary concern, which is mortgage rates going up,' he added. 'It's like putting training wheels on a bike.' The administration's pronouncements have perplexed housing finance analysts who are unsure of what a scheme to take the companies public while keeping them in conservatorship would look like — or whether there would be sufficient investor appetite to make it worthwhile. JPMorgan strategists wrote in a note that they were 'flummoxed' by the comments. 'It's just hard to imagine why anybody would think there would be strong investor interest in that kind of model, unless the government were to convey they were going to run the [government-sponsored enterprises] in a way that's investor-friendly, and I think we're a long way off from that,' Parrott said. David Dworkin, president and CEO of the National Housing Conference, a stakeholders' group, agreed. 'The most important element of a successful stock sale is a board that is truly independent and has a fiduciary responsibility to shareholders,' he said. 'Under conservatorship, that is actually not even allowed. So, without an independent board with a fiduciary responsibility to the shareholders, there is no value to the stock.' Still, he said, 'there are far too many comments coming from major players, including the president of the United States, to avoid the conclusion that major action on conservatorship could be in the very near future.' Another housing finance analyst, granted anonymity to frankly discuss the nascent plans, also expressed skepticism about the idea that investors would bite on purchasing shares in conservatorship, with the federal government still owning the vast majority of the asset. 'The direction of that control can change at the next election,' the analyst said. 'Each administration has already demonstrated they want to use Fannie and Freddie in different ways, so what are you investing in?' For the most part, Republican lawmakers are keeping their powder dry as they wait for additional details about the administration's plans. '[Senate Banking Committee] Chairman [Tim] Scott looks forward to hearing more' from Trump and Pulte on their plans for Fannie and Freddie, spokesperson Ben Watson said. Asked if conservatorship should end, Sen. John Kennedy (R-La.), a member of the Banking subcommittee with oversight of Fannie and Freddie, said, 'I don't know.' 'We're going to wait until the first quarter of 2026 to have that conversation,' said Rep. Mike Flood (R-Neb.), chair of the Financial Services housing subcommittee. 'Releasing them from conservatorship, that's one thing, but most of the folks I talked to still want the federal government on the hook.' The first Trump administration worked to build capital at the companies to prepare them for the end of conservatorship, an effort led by then-Treasury Secretary Steve Mnuchin and former Federal Housing Finance Agency Director Mark Calabria. Calabria has returned for Trump 2.0, now in a position with the White House Office of Management and Budget. Two key Treasury officials — Jonathan McKernan and Luke Pettit — also hail from the school of thought that Fannie and Freddie should be released from conservatorship. 'The Treasury Department has not really engaged on this yet — so it does not appear to me that the administration is very far into the analysis of options phase,' Parrott said. 'Until the Treasury Department really engages in any of this meaningfully, it's hard to know where all this lands.'
