Bitget Gains 1.7M Users in August 2024 Growth Surge

In August 2024, Bitget, a prominent cryptocurrency exchange, reported significant growth despite a challenging market environment, with Bitcoin prices dropping below $50,000. The company successfully integrated Apple Pay and Google Pay, enhancing its on-ramp capabilities for users to convert fiat to crypto, thus supporting over 140 fiat currencies and more than 100 cryptocurrencies. This strategic move has made it easier for a broader audience to engage in cryptocurrency trading. Under the leadership of Ng, who has over 20 years of experience, Bitget is focusing on expanding into new markets and strengthening regulatory dialogues globally. This aligns with the company's commitment to advancing crypto adoption while ensuring compliance with regulations. The platform has also achieved impressive trading volumes, with daily spot market volumes reaching $400 million and futures trading volumes at $7 billion. Security remains a top priority for Bitget, as evidenced by the launch of the P2P Shield, which protects users from fraud in peer-to-peer transactions. The platform's protection fund stands strong at $400 million, ensuring user security. Additionally, Bitget has achieved ISO 27001:2022 certification, demonstrating its dedication to maintaining high standards of information security. The introduction of the MPC wallet with Telegram log-in on Bitget Wallet simplifies Web3 access, allowing users to create keyless wallets through their Telegram accounts. These innovations and security measures position Bitget as a leader in the crypto industry, reflecting its commitment to user security and asset protection while fostering increased participation in the cryptocurrency market.