May 2025 marked a period of notable activity and strategic advancement for leading cryptocurrency exchange Bitget. Despite fluctuating market conditions, the platform released its comprehensive transparency report for the month, showcasing significant growth across key operational metrics, the rollout of innovative new products, and a robust commitment to global expansion and social responsibility initiatives.
Market Performance & User Growth
The broader cryptocurrency market experienced consolidation in May, with its total capitalization oscillating between $3.28 trillion and $3.6 trillion, and average daily trading volumes reaching $84.4 billion. Despite this landscape, Bitget demonstrated impressive resilience and growth. The exchange reported an overall trading volume increase of 21%, with futures trading seeing a notable 26% surge. Spot trading volume alone reached $107 billion, propelling Bitget to the third position globally, right behind industry giants Binance and Bybit, capturing an 8.9% market share.
Bitget’s user base expanded significantly, attracting over 500,000 new registrations in May, contributing to a total of more than 2 million new users in Q2 2025. This growth was complemented by strong security assurances. The platform maintained an industry-leading Proof of Reserves ratio of 192% and saw its user protection fund grow to a record $725 million, underscoring its unwavering commitment to asset security and transparency.
Product Innovations & Strategic Alliances
May was a pivotal month for Bitget Wallet, which underwent a significant rebranding with the new slogan ‘Crypto for Everyone.’ This initiative was accompanied by several key updates designed to enhance accessibility and utility:
- Integration with Paydify for simplified cryptocurrency purchases across Latin American countries.
- Launch of the ‘Shop with Crypto‘ marketplace, supporting transactions with over 300 global brands.
- Introduction of Bitget Wallet Alpha, a mobile hub enabling efficient token discovery and instant trading across more than 130 blockchains.
Strategic alliances deepened Bitget’s influence and outreach. Collaborations included a partnership with Sweat to expand crypto access in Southeast Asia, and the launch of a blockchain encyclopedia for young people with Cryptita, focusing on early crypto education. Product innovation also saw major advancements:
- The debut of Bitget Live streaming services.
- Introduction of BGUSD, a stablecoin pegged to USDC and backed by tokenized Real World Assets (RWA), notably U.S. Treasury bonds.
Further broadening its ecosystem, Bitget Wallet was appointed the official Mini Dapp Portal wallet for LINE. This collaboration grants LINE’s 196 million users seamless access to games and services within the Kaia Chain ecosystem.
Expanded Asset Offerings
The platform significantly expanded its asset offerings in May, listing several key cryptocurrencies:
| Asset | Description |
| RLUSD | A USD-backed stablecoin from Ripple. |
| Shardeum | A scalable, EVM-compatible Layer-1 blockchain designed for high-performance DeFi solutions and smart contracts. |
| USD1 | A stablecoin issued by World Liberty Financial, notable for its connections to the family of U.S. President Donald Trump. |
Social Responsibility & Community Engagement
Beyond its core business, Bitget remained committed to impactful social and community initiatives throughout May:
- The Blockchain4Youth program celebrated its second anniversary, having engaged over 8,000 participants from more than 70 countries in blockchain education.
- Support for the Google ‘Build With AI’ hackathon.
- Provision of humanitarian aid to earthquake victims in Myanmar.
- Expansion of the Starlink program in the Philippines, connecting remote islands to the internet and Web3 ecosystem.
Bitget’s focus on robust on-chain infrastructure, pioneering innovations in fiat-to-crypto integration, and dedication to real-world Web3 applications position it as a pivotal force in the evolving digital asset landscape.
Blockchain developer and writer, Daniel combines hands-on coding experience with accessible storytelling. He holds multiple blockchain certifications and authors technical explainers, protocol deep-dives, and developer tutorials to help readers navigate the intersection of code and finance.