Bitget has emerged as the third-largest cryptocurrency exchange in terms of trading volume, according to the firm's recently released April 2025 transparency report.
Founded in 2018, Bitget is a Seychelles-based cryptocurrency exchange that offers spot and futures trading services to its global user base. Its dynamic copy trading service lets inexperienced traders imitate the trading positions of the most successful and experienced traders on the platform.
In April, Bitget recorded a futures trading volume of $757.6 billion and a spot trading volume of $68.6 billion — both remarkable metrics, given the month witnessed market correction and investor caution.
The market share of Bitget grew to 7.2% in April, defying broader exchange trends. The crypto exchange's user base also exceeded 120 million users last month.
In April, Bitget secured both Digital Asset Service Provider (DASP) and Bitcoin Service Provider (BSP) regulatory licenses in El Salvador, letting it offer full crypto services — spot, derivatives, staking, and yield — in one of the most crypto-friendly countries in the world.
The exchange also marched forward to its goal of leveraging centralized infrastructure to make decentralized ecosystem more accessible by launching Bitget Onchain last month. It is a unique feature within the Bitget application that allows users to trade on-chain assets directly from their spot accounts.
Bitget also upgraded its Liquidity Incentive Program with better maker-taker rates last month, in a boost to institutional growth.
The exchange also contributed to conversations around crypto economy and tech innovation at global platforms like TOKEN2049 Dubai and Paris Blockchain Week.
Helmed by CEO Gracy Chen, Bitget has gained popularity among retail traders over the years by offering advanced trading tools and a user-friendly interface.