VICTORIA, Seychelles, June 13, 2025 - Bitget, a leading cryptocurrency exchange, released its May 2025 Transparency Report, showcasing growth despite market consolidation.
In May, the total crypto market cap fluctuated, closing at $3.28 trillion. Bitget's trading volume surged by 21%, with futures trading up 26%. Spot trading reached $107 billion, ranking Bitget as the #3 global exchange by spot volume.
Bitget added over 500,000 new users in May, contributing to over 2 million new users in Q2 2025. The exchange also recorded a 192% Proof of Reserves ratio, and its Protection Fund hit $725 million.
Bitget Wallet rebranded and launched major upgrades, including Paydify integration and a "Shop with Crypto" marketplace. Key partnerships were forged to drive adoption and education, including collaborations with Sweatto and Cryptita.
Product rollouts included Bitget Live and the unveiling of BGUSD, a USDC-pegged stablecoin. Bitget Wallet became the official wallet for LINE's Mini Dapp Portal.
Bitget expanded its listing of new digital assets, welcoming RLUSD and Shardeum. The addition of USD1, a stablecoin affiliated with the Trump family, was also announced.
Bitget advanced its social impact efforts through its Blockchain4Youth program and supported Google's "Build With AI" Hackathon. They also delivered emergency aid to earthquake-affected families and expanded its Starlink Program.