Bitget Ranks Among the Top 25 Most Trusted Crypto Exchanges by Forbes

Bitget, the leading cryptocurrency exchange and Web3 company was announced in the list of Top 25 most trusted crypto exchanges by Forbes.

Cryptocurrency exchange Bitget has been included in Forbes’ list of the Top 25 Most Trusted Crypto Exchanges in 2023, further cementing its position within the crypto industry. Coming in at eighth place on the list, Bitget has seen a surge in users over the past year, with a recent transparency report revealing a 400% increase, bringing the total number of users to over 100 million in December.

The exchange has also seen a significant increase in Spot trading volume, rising from $160 billion in Q1 to $600 billion in Q4. This growth has been supported by a range of initiatives, including collaborations with Turkish national athletes and football league LALIGA, the onboarding of new executives and the establishment of multiple licenses, positioning Bitget as the second-largest crypto exchange ecosystem in the world.

To cater to its expanding markets, Bitget is focusing on localized marketing, partnerships and educational initiatives. The exchange offers simplified onboarding, fiat gateways and localized customer support to ease access.

Furthermore, Bitget is investing in blockchain education, strategic sponsorships and incentive programs to retain users in high-growth regions, such as Turkey, Brazil, Argentina and Nigeria.

In line with its commitment to compliance, Bitget has achieved UK approval, a BSP license in El Salvador and opened a new exchange in Vietnam, operating in accordance with local requirements and undertaking initiatives such as the ‘Protect Users, Pioneer Compliance’ campaign.

The exchange's strong performance is also reflected in recent CCData report, where Bitget's market share rose to 4.25%, surpassing its previous all-time high recorded in April 2024.

When comparing the change in market share of the combined spot and derivatives market, Bitget, Coinbase and Crypto(dot)com were the biggest beneficiaries in 2024, increasing their market share by 4.05%, 3.89% and 3.39% to 10.5%, 5.43%, and 4.71% respectively.

Previously, Bitget Token (BGB) was ranked as one of the top 10 best-performing cryptocurrencies by Forbes for H1 2024. Since then, BGB has exceeded expectations with a surge of over 1000% last year.

By reducing BGB's supply, enhancing utility and expanding real-world applications, Bitget plans to strengthen more functionalities and products in the Bitget ecosystem, ultimately driving sustainable growth and long-term value for holders.