Cryptocurrency exchange and Web3 company Bitget has been recognized by Forbes as one of the world’s most trusted digital asset platforms, ranking eighth in the publication’s latest list of global crypto exchanges.
This marks Bitget’s first appearance on the prestigious ranking, which evaluates exchanges based on regulation, transparency, and audit strength. Forbes highlighted Bitget’s strong security framework, including its proof of reserves system that guarantees 100 percent asset backing and a $600 million Protection Fund designed to safeguard users.
Rapid growth and global expansion
Bitget’s recognition comes amid significant growth in 2024, with the exchange reporting a 400 percent surge in users, surpassing 100 million registered accounts by December. Spot trading volume also climbed sharply, from $160 billion in the first quarter to $600 billion in the fourth quarter.
In the Philippines, Bitget has gained traction as a trusted platform for crypto investors by offering localized services. These include peso-denominated transactions, 24/7 Tagalog customer support, and educational programs aimed at improving financial literacy in digital assets.
Compliance and partnerships
Bitget has expanded its global presence through partnerships and regulatory milestones. The company has secured UK approval, a BSP license in El Salvador, and launched a new exchange in Vietnam in line with local rules. It has also strengthened its leadership team with the appointment of Hon NG as Chief Legal Officer.
The exchange has partnered with Turkish national athletes and Spanish football league LaLiga to boost brand recognition worldwide. “Our new licenses, partnerships, and leadership additions have positioned Bitget as the world’s second-largest crypto exchange ecosystem,” said Bitget COO Vugar Usi Zade.
Token performance
Bitget’s native token, BGB, has also drawn attention. Forbes previously ranked it among the top 10 best-performing cryptocurrencies of early 2024. The token has since surged by more than 1,000 percent in 2024, with plans underway to reduce supply and enhance its real-world utility, aiming to deliver long-term value for holders.
According to CCData, Bitget’s market share rose to 4.25 percent, surpassing its previous record in April 2024.
With its Forbes debut, rapid user growth, and regulatory advances, Bitget continues to strengthen its position as a major player in the global crypto exchange ecosystem.
