Bitget Gains Market Share in April 2025 Monthly Report Highlights
VICTORIA, Seychelles, May 16, 2025 (GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, released its April 2025 Transparency Report, highlighting a month of growth, regulatory milestones, and continued momentum despite broader market uncertainties through consistent innovation and strong execution.
In a month marked by market correction and investor caution, Bitget recorded a futures trading volume of $757.6 billion, representing 17.3% growth month-on-month. Spot trading volume also rose to $68.6 billion, defying the broader industry downturn. These gains contributed to Bitget's rise as the 3rd largest crypto exchange by trading volume, with a market share of 7.2%, reflecting strong performance and continued momentum in a competitive market environment. According to Coingecko and WuBlockchain, Bitget defied broader exchange trends, gaining market share while others contracted. Bitget also surpassed 120 million users, signaling strong platform engagement and trust in its products and services.
In April, Bitget made a major regulatory leap by securing both DASP and BSP licenses in El Salvador, allowing it to offer full crypto services—spot, derivatives, staking, and yield—under one of the world's most forward-thinking digital asset frameworks.
The month also marked the launch of Bitget Onchain, a feature that lets users trade on-chain assets directly through the Bitget app using USDT or USDC. This bridges the gap between centralized UX and decentralized access, making Web3 more approachable.
To support institutional growth, Bitget upgraded its Liquidity Incentive Program with better maker-taker rates and faster onboarding, boosting liquidity across spot and derivatives markets.
On the marketing front, Bitget teamed up with FC Barcelona star Raphinha in a global campaign spotlighting smart trading tools like Copy Trading, Launchpool, and Pre-market. This was paired with the 'Your Team, Your Skin' initiative with LALIGA, letting users personalize their trading interface with team branding.
Bitget Research Employment Report estimates blockchain could create 500,000 jobs by 2028, echoing the growth path of the AI sector and highlighting blockchain's expanding impact.
Finally, Bitget reinforced its global presence with immersive activations at TOKEN2049 Dubai and Paris Blockchain Week, including side events like Cryptoverse Dream Night, underscoring its commitment to community and innovation.
Between regulatory wins, rapid user growth, and focus on accessibility and security, Bitget leads as one of the top players in the crypto industry's evolution. As market sentiment begins to shift, Bitget is geared up to lead the next phase of crypto adoption and WEB3 integration.
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 world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.
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: [email protected]
Risk Warning:
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5bf1a171-5c5d-4536-b7ba-529f3be725b6
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
The Case for Investing in Digital Assets
You've been at the forefront of creating digital asset products from an early stage. Why do you think investors should consider putting money into digital assets? First of all, with digital assets, you get a quantitative diversity of return. Per increment of risk to reward, the ratio of the performance of bitcoin to the S&P 500 is more than three to one. So if you're going to invest money, one of the best risk-reward ratios is, without question, in digital assets as a stand-alone asset class. Secondly, you get something new with digital assets that you didn't have before, and that's transparency. Public blockchains are auditable in real time, so they are trustless. You also get economies of scale and capital efficiencies. That's what this technology does — it makes things easier, cheaper, better and faster. Thirdly, I believe bitcoin is one of the most important assets in all of human history because it removes the need of central banks. At the core of Decentralized Finance (DeFi), is recreating traditional financial services like lending, borrowing, and trading, but without relying on centralized intermediaries like banks. This cuts out the middleman. Lastly, as the application layer of Web3 continues to evolve, the ease of use and access becomes better. If you look at the adoption curve now, we're about to hit an acceleration point. Six to eight years ago, the security was just gnarly. Now, you have multi-party computation (MPC) technology and multi-sig wallets, and Chainalysis doing work to ensure illicit funds aren't mixed into the funds you're acquiring. This offers a more robust infrastructure to let the application layer bring product and services to the masses at scale, and easier to use. What are the biggest obstacles preventing people from investing in digital assets? The first is recency bias. We saw in 2022 the failure of FTX, Celsius and others, which was a mix of counterparty failure, fraud and crimes. No one would fault anybody for being hesitant to get into digital assets because of that, but I will point out that the second-most fined company ever in the history of mankind is JP Morgan. So while you can forgive people for recency bias, I would argue they're not appraising it properly against TradFi counterparty risk. Then, whatever people's recency bias is anchoring them to, the tendency is to follow up with confirmation bias, "I don't want to touch that asset, since memecoins are down 90%.' So I believe these two biases combined do to not motivate people to underwrite the space properly. Secondly, there's a lack of understanding and awareness that all TradFi assets are held in 'street name,' meaning you don't own it — your brokerage firm does. People also aren't aware that banks' reserve ratios are in single digit percentages all over the world, meaning if you have money in a bank, it's actually not there. There's a lack of appreciation of the fractional reserve banking system, which arguably has caused all of the credit crises throughout history. Overall, it's important to put headlines of bad actors and failed memecoins aside. Look at the infrastructure and all it offers. With Web3, you have shared security or privacy with zero-knowledge proofs. You can participate in certain networks to make them stronger, which then offers you staking yield. If you provide liquidity, you can get an automated market maker (AMM) yield. The system is efficient and strong. What are the best ways to get alpha in today's volatile markets? First, have an accumulation strategy. This means you pick a portfolio of your best 5, 10, or 20 assets and dollar cost average them. Then, develop a trading plan. For example, if Ethereum drops to $1,200, then what am I doing? Or if Ethereum goes to $4,000, what will I do? Next, you want to 'invest with the trend,' which I see as a three-factored process. First, we're looking at the adoption curve. Then, we're looking at monthly data points for the establishment of the trend. Lastly, appraise the progression of the technology and the value proposition of the products and services of the entire space. Those three things are how you effectively contemplate where we are in a trend, in my opinion. Tell me more about the HD CoinDesk Acheilus Fund. We launched the HD Acheilus Fund in mid-May to leverage CoinDesk Indices' Bitcoin and Ether Trend Indicators and it's diversified because it trades the CoinDesk 20. This actively managed, single-strategy fund targets institutional investors, aiming to profit from crypto market uptrends while avoiding drawdowns. We use a combination of quantitative and macroeconomic signals to shift between crypto tokens and cash, delivering a disciplined, outcome-driven cryptocurrency investment strategy. In my opinion, this is the easiest push button allocation anybody can ever make in crypto. Our award-winning funds are centered around a dedicated compliance team, ensuring adherence to all CFTC and SEC regulations while anticipating future changes. Also, we have established robust internal policies and procedures that meet or exceed regulatory requirements, covering areas such as anti-money laundering (AML), know-your-customer (KYC), data protection, and risk management. All of this speaks to a forward-thinking culture that governs all our activities. Where can someone learn more about the fund? Potential investors can set up a meeting with us by going to the Hyperion Decimus website. The interview was conducted by CoinDesk Indices and is not associated with CoinDesk editorial. Authors' views and opinions are their own and not associated with CoinDesk Indices. CoinDesk Indices, Inc., including CC Data Limited, its affiliate which performs certain outsourced administration and calculation services on its behalf (collectively, 'CoinDesk Indices'), does not sponsor, endorse, sell, promote, or manage any investment offered by any third party that seeks to provide an investment return based on the performance of any index. CoinDesk Indices is neither an investment adviser nor a commodity trading advisor and makes no representation regarding the advisability of making an investment linked to any CoinDesk Indices index. CoinDesk Indices does not act as a fiduciary. A decision to invest in any asset linked to a CoinDesk Indices index should not be made in reliance on any of the statements set forth in this document or elsewhere by CoinDesk Indices. All content displayed here or otherwise used in connection with any CoinDesk Indices index (the 'Content') is owned by CoinDesk Indices and/or its third-party data providers and licensors, unless stated otherwise by CoinDesk Indices. CoinDesk Indices does not guarantee the accuracy, completeness, timeliness, adequacy, validity, or availability of any of the Content. CoinDesk Indices is not responsible for any errors or omissions, regardless of the cause, in the results obtained from the use of any of the Content. CoinDesk Indices does not assume any obligation to update the Content following publication in any form or format. © 2025 CoinDesk Indices, Inc. All rights reserved. Sign in to access your portfolio


CBS News
4 hours ago
- CBS News
Senate Democrats seek answers on Trump's World Liberty crypto deal ahead of GENIUS Act vote
What to know about Trump's gala with investors of his cryptocurrency A war of words is escalating between Senate Democrats and executives at the crypto firm that is partly owned by President Trump's family, as congressional leaders seek more information about ways in which the first family may be seeking to blend profit with official government action, CBS News has learned. In an exchange of polite but pointed letters, Senate Democrats demanded more details about a multibillion-dollar transaction between the Trump family's crypto venture, World Liberty Financial, and a pool of investors that include foreign nationals. And the senators questioned the firm on its launch of a "stablecoin," a crypto product backed directly by U.S. currency. "The launch of a stablecoin directly tied to a sitting President who stands to benefit financially from the stablecoin's success is an unprecedented conflict of interest presenting significant threats to both our financial system and our democracy," Senators Elizabeth Warren of Massachusetts and Jeff Merkley of Oregon write in the June 10 letter. The increased attention comes as the Senate is set to vote on the GENIUS Act, which would adopt a federal regulatory framework for stablecoins. Stablecoins, which are pegged to a certain value — typically the U.S. dollar — are designed to be less volatile than other crypto products. This makes it an attractive asset for users who want to move between cryptocurrencies more efficiently. Warren and Merkley requested financial records related to the $2 billion investment in World Liberty made by MGX, an Emirati firm, and the involvement in the business deal by Binance, one of the world's largest crypto exchanges, controlled by a Singaporian national. The letter is addressed to the CEOs of Binance and MGX, and it asks these firms to preserve communications between Binance officials, MGX, World Liberty Financial, the White House and other U.S. federal government agencies. It also requests communications between specific individuals including President Trump, his sons Barron, Eric and Donald Jr.; Zack and Alex Witkoff, co-founders of World Liberty Financial, and their father Steve Witkoff, the president's special envoy to the Middle East. The senators' request is in response to a letter sent by World Liberty on May 29, in which the company's lawyers dispute allegations that MGX's $2 billion investment into Binance through World Liberty Financial improperly benefits the Trump family. "What the Company rejects is the suggestion that legitimate financial innovation—especially innovation that strengthens U.S. competitiveness—should be treated with suspicion simply because it succeeds," says the letter from World Liberty's lawyers, reviewed by CBS News. CBS News reached out to the White House for comment about potential conflict of interest but did not hear back at time of publication. In the last six months, the Trump family has rolled out a series of announcements related to its business interests in crypto. In the fall of 2024, the Trumps announced World Liberty Financial, a crypto exchange that says on its website it was "inspired" by Mr. Trump, who is listed as "chief Crypto Advocate," while his three sons are listed as "Web3 Ambassadors." Months later, they announced both the $TRUMP coin and $MELANIA coin, crypto tokens known as "meme coins," whose value is largely driven by social media buzz. This type of cryptocurrency is not usually used in transactions and is known for erratic price shifts. $TRUMP peaked at around $75 shortly after launch and plummeted to under $8 by April 2025 before rebounding a bit to about $11. Both crypto ventures have been financially beneficial to the president's family, which receives a share of transaction fees, regardless of how the currency is valued. The fine print on the World Liberty Financial's website says an entity affiliated with Mr. Trump and his family members own a 60% stake in the company. According to the company's public reports, a Trump family entity "DT Marks DEFI LLC" also holds 22.5 billion of the $WLF tokens and takes an additional 75% in net revenue from future token purchases. On May 23, the president hosted a gala dinner for the top holders of his $TRUMP coin, where attendees spent an average of $1 million a person to mingle with Mr. Trump at his Virginia golf course. The analytics firm Chainalysis says Mr. Trump's family and other backers collected more than $300 million in transaction fees related to $TRUMP coin in the lead-up to the dinner. In April, World Liberty Financial launched a new stablecoin product called "USD1," which is backed by U.S. Treasuries and cash equivalents. MGX agreed to purchase $2 billion worth of this currency to finance a deal with Binance. "Why — beyond the obvious benefit of gaining favor, directly or indirectly, with the Trump Administration — did you select USD1, a newly-launched, untested cryptocurrency with a no track record?" Senators Warren and Merkley ask in their letter to the MGX and Binance CEOs. World Liberty Financial has maintained that stablecoins, including their USD1 product, help bolster the strength of the dollar. "[USD1] is a stablecoin designed to assist in modernizing global access to the U.S. dollar and to enhance American monetary leadership by helping preserve the U.S. dollar's role as the world's reserve currency at a time when rival currencies and closed financial systems are gaining ground," the company said in its May 29 letter. The company's letter states that if the MGX deal had not been conducted in USD1, it would have been settled in a foreign currency, most likely UAE dirhams. Instead, it argues, keeping transactions in USD1 reinforces demand for the dollar. "Absent USD1, that capital would have exited the U.S. financial sphere entirely and moved offshore," says the letter. But Warren and Merkley say the deal raises questions about potential efforts to curry favor with the president's family. The Senate is set to vote on the GENIUS Act today. If adopted, it would allow the federal government to issue licenses for stablecoin issuers and require those products to be backed by U.S. dollars or other cash equivalents. Supporters of the bill say it's a critical moment to introduce federal regulation over an increasingly popular investment tool. But critics like Warren say the bill does not go far enough to strengthen oversight over an industry that the president's family benefits from directly. "A bill that turbocharges the stablecoin market, while facilitating the President's corruption and undermining national security, financial stability, and consumer protection is worse than no bill at all." she said in a Senate floor debate on May 19. In May, Senate Democrats pushed to include an amendment that would specifically prevent a sitting president and his family from making money from stablecoin products. Ultimately, this amendment was not included and the bill advanced by a vote of 66 in favor and 22 opposed, with 16 Democrats joining Republicans to support it. Proponents of the bill aim to have it on the president's desk by July.


Business Insider
5 hours ago
- Business Insider
Bybit Adds Limit Order Functionality to Convert for Greater Trading Precision
Dubai, UAE, June 11th, 2025, Chainwire Bybit, the world's second-largest cryptocurrency exchange by trading volume, has enhanced its Convert tool by introducing Limit Order functionality. This update offers users greater control over crypto asset conversions — with zero trading fees maintained. Unlike Instant Orders, which execute immediately at the market conversion price, Limit Orders allow users to set a target conversion price. The transaction only executes once the conversion price is met or exceeded. Key features of Limit Orders on Bybit Convert include: Price Control: Users can set a preferred conversion rate and wait for favorable market conditions. Zero Fees: Limit Orders, like Instant Orders, incur no trading fees. Order Validity: Orders remain active for up to 30 days, with funds securely locked until execution or expiration. User Management: Orders can be tracked or cancelled anytime via the Conversion History tab. Quotes displayed on the Convert page reflect real-time exchange rates, independent from Bybit Spot market prices. The accompanying chart is for reference only and does not represent historical Convert rates. This latest feature continues Bybit's mission to provide accessible, high-performance tools for both novice and experienced traders. More information is available here. #Bybit / #TheCryptoArk About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Contact Head of PR Tony Au Bybit