Bitget spot trading surges 159%, bringing total trading volume to $2.08t in Q1 2025

The latest Bitget transparency report revealed that the Crypto exchange has dealt with a total of 2.08 dollars of the negotiation volume, led by a sharp increase in punctual negotiation by almost 160%.

In a press release sent to Crypto.News, the volume of trading spot of Crypto Exchange experienced an increase of 159% compared to the previous quarter, reaching a total of $ 387 billion. The net increase in punctual negotiation on the platform followed an increase in market participation in the midst of new announcements and the introduction of emerging platform features.

Depending on the company’s transparency report, the Crypto Exchange user basis increased by 4.89 million users on its main Oc platform and 15 million users on Bitget Portfolio in the first quarter of 2025 only. Overall, the world number of users of the platform exceeded 120 million users, indicating an increase of 20% compared to the fourth quarter 2024. Users can access the full report on the official platform site.

On the other hand, the platform proof of reserve also exceeded the threshold of 130% this quarter. Meanwhile, Bitget increased its protection fund by almost $ 20 million, going from $ 495 million in January to $ 514 million in March this year. This decision came after the cryptography industry saw a record of $ 2.1 billion in losses due to cryptographic hacks.

At the time of the press, the Bitget token (Bgb) slightly fell 2.48%. However, it has increased by more than 10% in last week and an increase of 273% in the past year. BGB is currently negotiated at $ 4.27. BGB’s market capitalization amounts to $ 5.1 billion with a negotiation volume of 24 hours of more than $ 100 million.

The CEO of Bitget, Garcy Chen, stressed the importance of adapting to the conditions of the volatile market and the constantly evolving cryptographic landscape. It considers the significant increase in users and trading volume as the reflection of the continuous growth of the platform and opens the way to more innovation in the future.

“During the next quarter, we will continue to focus on institutional quality infrastructure and double on the widening of its web 3 presence via our ecosystem,” said Chen, adding that compliance will also be a key goal because the platform aims to navigate global surveillance efforts.

More recently, Bitget burnt More than 30 million BGB under its recently updated burning mechanism during the first quarterly burn of 2025. The new burning mechanism founds the amount of tokens burned according to the utility on the chain.