Top crypto derivatives exchange Bitget has released its latest global market penetration plan and operational data via Twitter. The data shows that Bitget's registered users have exceeded 1.6 million, spanning 48 countries and regions worldwide. Among them, Korean users account for more than 28%, while the proportion from English-speaking regions has increased significantly to over 21%. This indicates that Bitget's globalization strategy has yielded substantial results, with user and trading volumes fully leading the derivatives market.
Global Growth and Product Innovation
According to CoinMarketCap, Bitget's average daily trading volume has surpassed $5 billion, ranking sixth in the industry — trailing only Binance, OKEx, Huobi, FTX, and Bybit. In key markets such as South Korea, East Asia, and Southeast Asia, Bitget is highly active across major crypto communities.
Founded in July 2018 as a spot exchange, Bitget pivoted to derivatives in the first half of 2019. Its flagship products — One-Click Copy Trade and Quanto Swap contracts — are designed with low thresholds for retail traders, addressing the pain point that 90% of futures traders lose money. Through innovative product features and an increasingly sophisticated ecosystem, Bitget has carved out a solid position in a highly homogeneous competitive market.
Ecosystem Expansion and Globalization
At the end of 2020, Bitget established a global strategic investment lab to enter the primary market. In April 2021, it completed the full acquisition of decentralized multi-chain wallet BitKeep, one of the top three decentralized wallets with over 1 million users. The acquisition provides Bitget with natural traffic and strengthens its ecological layout.
To expand globally, Bitget emphasizes localization and compliance. It launched a Global Ambassador Program, allowing crypto enthusiasts in their home countries to represent the platform and collect user feedback. Bitget offers rebate ratios far above the industry standard. Its global CEO Sandra revealed in an interview that some ambassadors in South Korea earn up to $100,000 per month. She added: “Blockchain is still in early stages, offering more opportunities to young people. We are increasing investment in new markets including South America, Japan, Central Europe, and Russia.”
Team Background and Valuation
Bitget’s team hails from traditional finance, giving them a competitive edge in derivatives. In July 2020, Bitget secured an investment of tens of millions of dollars from Japanese gaming giant SNK, achieving a valuation of $1 billion. SNK, headquartered in Osaka, listed on the South Korean stock exchange in 2019 and holds the record for the highest market cap of a foreign company. This endorsement underscores Bitget’s credibility.
Bitget supports leverages up to 125x and provides 24/7 multilingual customer support. It maintains active social media presence on Twitter, Facebook, Reddit, and Telegram. As CEO Sandra stated: “Bitget has everything in place. Deepening the global market is our major development strategy. We welcome outstanding talents from South America, Japan, Central Europe, Russia and other regions to be Bitget’s global ambassadors. We will witness the future together.”
This article is based on publicly available data and does not constitute investment advice.