Trading Volume

2024 Annual Report: Bitget Ecosystem Global User Count Exceeds 100 Million

ChainCatcher news, Bitget released its 2024 Transparency Report, which shows that the number of globally registered users in the Bitget ecosystem has surpassed 100 million, a 400% increase compared to January of this year. The average daily trading volume has grown to $20 billion, a 100% year-on-year increase. Among them, the spot trading volume increased from $160 billion in the first quarter to $600 billion in the fourth quarter.In December, BGB completed its first burn, with the value of the burned portion exceeding $5 billion. After the burn, the total supply of BGB has been reduced to 1.2 billion, and it is 100% fully circulated, while quarterly buyback and burn will be initiated. In 2025, Bitget will focus on three areas: on-chain application scenarios, PayFi payment scenarios, and in-platform rights scenarios, allowing BGB to become a mainstream asset deeply integrated into popular public chains and leading DeFi ecosystems.In addition, Bitget has also made significant progress in compliance, actively applying for and obtaining compliance licenses in multiple countries to ensure a safe and reliable trading environment for users. Led by Hon Ng, a global Top 20 legal leader as selected by the Financial Times, the professional compliance team has obtained relevant licenses in El Salvador, Australia, Italy, Poland, and Lithuania, and launched compliance services in the UK.

Data: Deribit's annual trading volume exceeded $1.1 trillion in 2024, a 95% increase from last year

ChainCatcher news, according to The Block, Deribit's trading volume soared from $608 billion in 2024 to over $1.1 trillion, a year-on-year increase of over 95%. Among them, spot trading volume grew significantly, skyrocketing from $837 million to $7.6 billion, an increase of 810%. Deribit's total options trading volume reached $243 billion in the fourth quarter of last year, with a year-on-year growth of 99% in notional options trading volume. Additionally, trading was active on November 12 after the U.S. presidential election, with a record high of $14.8 billion in 24-hour trading volume on that day, while the total open interest on November 28 also reached a new high of $48 billion.The report pointed out that spot trading has become a highlight of Deribit's growth, as the company rapidly expanded its market share after launching spot trading in 2023. Meanwhile, the derivatives sector also maintained steady growth, with options and futures trading continuing to attract participation from institutional investors. The growth occurred against the backdrop of Deribit strengthening its compliance. The company obtained a license from the Dubai Virtual Assets Regulatory Authority (VARA) and plans to apply for derivative licenses in France and Brazil. In addition, Deribit has implemented the FATF's "travel rule" and launched new custody features, such as a hybrid custody model in collaboration with Fidelity, Zodia, and Copper, as well as an "over-the-counter custody" feature supported by Fireblocks.
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