In Victoria, Seychelles, on June 16, 2025, Bitget, a leading cryptocurrency exchange and Web3 company, released its May 2025 transparency report. The report highlights growth in trading activities, product innovation, global expansion, and social responsibility, despite a consolidating crypto market.
During May, the total cryptocurrency market capitalization fluctuated between a high of $3.6 trillion and a closing of $3.28 trillion. The daily trading volume averaged $84.44 billion. Bitget's trading volume increased by 21%, driven by a 26% rise in futures trading. Spot trading reached $107 billion, making Bitget the third-largest crypto exchange globally by spot volume, with an estimated market share of 8.9%, according to Coingecko.
Bitget gained over 500,000 new users in May alone, bringing the total new additions in Q2 2025 to over 2 million. The exchange also reported an industry-leading Proof-of-Reserves ratio of 192% and its protection fund reached a new high of $725 million.
May marked a milestone for Bitget Wallet with the launch of "Crypto for Everyone," introducing key upgrades. These included the integration of Paydify for LATAM fiat onramps, a "Shop with Crypto" marketplace for purchases from over 300 global brands, and Bitget Wallet Alpha, a mobile platform for discovering tokens and one-click trading across more than 130 blockchains.
Bitget has formed significant partnerships to drive adoption and education. The company partnered with Sweat to expand crypto access in Southeast Asia and collaborated with Cryptita to launch a blockchain encyclopedia for youth.
Product introductions included Bitget Live, a real-time streaming feature, and BGUSD, a USD-pegged stablecoin backed by tokenized real-world assets. Bitget Wallet became the official wallet for LINE's mini-dapp portal, providing LINE's 196 million users access to Kaia-Chain games and tools.
Bitget expanded its listing of digital assets, adding RLUSD, Ripple's USD-backed stablecoin. It also listed Shardeum, an EVM-compatible Layer-1 blockchain. The addition of USD1, a stablecoin associated with the Trump family, highlights Bitget's commitment to bridging fiat and cryptocurrencies for wider user adoption.
Bitget continued its social activities through its Blockchain4Youth program, which has over 8,000 participants and a global reach in over 70 countries after two years. The company also supported Google's "Build With AI" hackathon, provided relief to earthquake-affected families in Myanmar, and expanded its Starlink program in the Philippines.
From its on-chain integrations to innovations in fiat-crypto, Bitget continues to set new standards in exchange trust, product utility, and real-world Web3 applications. Bitget's ongoing momentum positions the company as a key driver in the next phase of crypto evolution.
Source: GlobeNewswire, June 16, 2025.