Monthly Transparency Report November 2024

In November 2024, Bitcoin surged past $90,000 fueled by optimism following pro-crypto policies under the newly elected U.S. administration. The total crypto market cap soared to over $3 trillion, with Ripple's XRP leading altcoin gains, rising over 200%. Institutional inflows and the approval of Bitcoin ETFs further boosted market sentiment, despite concerns over sustainability and potential volatility. At Bitget, this ATH trend was replicated in many aspects. Starting with Bitget Token (BGB), which observed significant growth, with its price rising from approximately $1.44 to $1.70, marking an increase of around 20% for the month pushing it to the highs of surging over 120% in December. This upward trend was driven by Bitget's expansion in global futures trading, achieving the third position worldwide, and the introduction of new features.

Below is a gist of how things rolled last month.

Monthly Highlights

Blockchain4Her DevCon Pitching contest

Bitget has hosted "Pitch n' Slay" in Bangkok on 15th November. “Pitch n Slay,” is a special initiative under its Blockchain4Her program organized to provide exposure for female entrepreneurs in the blockchain space. Pitch n' Slay featured industry's inspiring lineup of Web3 leaders as speakers and judges. The competition provided grants to the top 3 winners of the competition and has been presented with the opportunity to pitch Foresight Ventures to win seed funding. Pitch n' Slay and the partners showcased the power of collaboration in creating inclusive pathways for women in blockchain.

Bitget LALIGA tickets

Bitget has announced a campaign offering its users an opportunity to attend LALIGA EA SPORTS match day by leveragin 'Bitget Pay' product. Participants can purchase a raffle ticket for just 1 USDT, paid through Bitget Pay, to enter a draw for one of the 50 regular match tickets. Throughout the campaign, users can experiment with Bitget Pay’s seamless transaction capabilities which attracts football fans interested in exploring crypto for payments. This opportunity for fans to attend a live LALIGA EA SPORTS event through an accessible crypto-driven process highlights the platform’s versatility in bridging the gap between digital finance and everyday experiences.

Bitget Builders to onboard 5000 more by end of 2025

Bitget has announced the expansion of its global recruitment initiative, the Bitget Builders Program, which seeks to establish a dynamic network of global members in crypto. Since its inception in June 2023, the initiative has successfully brought together over 5,000 participants from more than 55 countries, with over 1,300 actively contributing to Bitget's growth. The program provides a platform for builders to engage in a variety of roles, such as crypto trading support, branding and content creation, and community management. These efforts have strengthened Bitget's brand presence and visibility across key regions.

Bitget Data Growth

In November, Bitget showed significant growth across key metrics. Daily trading volume rose from $8.3 billion to $10 billion, while USDT-M futures trading volume surged internally from $7 billion to $16 billion, reflecting heightened market activity. Daily spot trading volume doubled, reaching $400 million externally. Copy trading followers hit 895,887, and successful trades exceeded 90 million. Gains from profitable trades held steady above $500 million, alongside elite traders sharing over $23 million in profits. Spot trading pairs and tokens remained stable at 800+, with tokens increasing to 818 internally. The Protect Fund grew impressively from $400 million+ to over $600 million, ensuring strong security provisions. Employee and user bases remained steady at 1600+ employees and 200+ regions, respectively. Overall, November marked robust growth in trading volumes, user engagement, and platform security, showing Bitget's strong performance.

In November, Bitget's top-performing spot tokens saw impressive growth, led by UNICE at 2666.71%, followed by ACT (1738.7%), BAN (1455.06%), DOGE (1283.28%), and SNEK (855.66%). Among newly listed tokens, CHEEMS grew 179.85%, and FARTCOIN surged 94.06%, reflecting strong market momentum.

In November, 13 tokens were listed on Poolx, including ASI, SWELL, PEAQ, NOOB, MEMEFI, MORPHO, MGT, SMILE, MAJORNEW, GODL, ZRC, ARCA, and PGC. Among these, 5 tokens—SWELL, MEMEFI, MAJORNEW, ZRC, and PGC—were also featured in Pre-market listings, showcasing strong interest and dual exposure for these assets.

New Products, Features and Integrations: Bitget and Bitget Wallet

Bitget support VND deposit

Bitget has introduced VND Bank Transfer in Vietnam, making it the first cryptocurrency exchange to adopt this groundbreaking payment method. Bitget users in Vietnam can now deposit VND through VietQR and withdraw funds via bank transfers. Deposited VND can be used to purchase popular crypto such as BTC, ETH, USDT, SOL, and BGB through Bitget’s cash conversion feature. The integration simplifies access to the crypto market, removing traditional barriers and ensuring a seamless experience for its users.

BGW Refer2Earn Program

Bitget Wallet has introduced Refer2Earn, the first long-term incentive program in the Web3 wallet space. This initiative allows users to earn passive income by inviting friends to use Bitget Wallet, receiving a 10% bonus on airdrop rewards their referred friends claim through the wallet’s Earning Center. With its community-driven revenue-sharing model, Refer2Earn fosters sustainable user growth and strengthens the Web3 ecosystem by making participation in decentralized finance more rewarding for everyday users.

TG mini-app support program (Bitget Wallet x Foresight Ventures)

Bitget Wallet has launched the Telegram Mini-App Support Program in collaboration with Bitget and Foresight Ventures. This program aims to support the development of innovative projects that enhance Telegram's mini-app ecosystem, creating new opportunities for developers and projects within the thriving digital space. This initiative comes with a $20M fund and aims to foster the growth of the Telegram platform while offering valuable support to developers. This program reflects Bitget Wallet's vision to accelerate the growth of the Telegram ecosystem and empower developers to create next-gen solutions that drive active user participation.

BGW - Memecoin trading tool

Bitget Wallet has unveiled a comprehensive memecoin trading toolkit designed to empower traders navigating the fast-paced and unpredictable memecoin market. The toolkit equips users to discover high-potential tokens, analyze critical data, and execute trades effectively across multiple chains. Innovative tools, including MemeX, Hot Picks, and professional-grade analytics, empower users to discover and evaluate memecoins confidently. Features like cross-chain trading, instant swaps, and on-chain insights make Bitget Wallet a reliable choice for navigating the fast-paced memecoin market.

BGW partners with tetadex

Bitget Wallet has announced a strategic partnership with tetadex. tetadex, known for simplifying blockchain-based futures trading, aims to empower new users with an intuitive platform. The integration into Bitget Wallet provides users with a secure, user-friendly environment for futures trading, offering up to 50x leverage for amplified gains. This partnership is a significant step in expanding the on-chain trading experience for Bitget Wallet's users, enabling users to access a seamless, native decentralized futures trading experience.

Events across the world

Bitget had an exciting and dynamic November, actively participating in a range of events that showcased innovation, collaboration, and diversity in the blockchain space. We kicked off the month at TON Gateway in Dubai, where groundbreaking advancements in blockchain technology, decentralized applications (dApps), and DeFi were in the spotlight. As premier sponsors of the Crypto Content Creator Campus in Dubai, we connected with over 200 global influencers and key opinion leaders (KOLs), fostering meaningful conversations about crypto education and community growth.

Next, at Labitconf in Argentina, we engaged with Latin America’s vibrant crypto community, emphasizing the importance of adoption in tackling real-world financial challenges.

In Thailand, we proudly hosted B4H - Pitch N’ Slay Ladies Hours, a project dedicated to empowering women in blockchain, featuring inspiring pitch sessions and networking opportunities.

Finally, we wrapped up the month at THETRENDS 2.0 in Moscow, where we joined discussions on blockchain adoption and the future of innovation. November truly highlighted our passion for driving progress, building community, and promoting diversity in the crypto ecosystem.

Must reads

In November, we released 140+ new educational pieces on Academy and Blog. Here's the must-read list:

#Bitcoin100K: Trump's Win, Bitcoin's Highs: Could Altcoins Be Next? ; Institutional Predictions and Valuation Insights: $100K, $1M, $3M ; Bitcoin's $100K Milestone: A Season Of Growth And Optimism ; Top 5 Bitcoin Valuation Models .

#CryptoTrends: BGB Celebrates A Historic Milestone ; XRP Price Surge and What’s Next? ; Why Is XRP Skyrocketing? .

#BitgetVerse: Bitget LaunchX ; Bitget Premier Card ; BGBTC ; GMMEME Joins Bitget Futures .

Bitget on the news

Gracy Chen, CEO at Bitget featured in Entrepreneur where she covers Pitch n Slay, and $10M Blockchain4Her initiative.

Min Lin's role as the Chief Business Officer at Bitget on Infomoney

COO, Vugar Usi Zade on Coingape TV .

Conclusion

November 2024 marked a milestone month for Bitget, showcasing exceptional growth across trading volumes, community engagement, and product innovation. From empowering women in blockchain to launching cutting-edge features, Bitget's initiatives continue to shape the global crypto landscape, highlighting its commitment to accessibility, diversity, and advancing the Web3 ecosystem.