Bitget's Continues to Strengthen Community Initiatives in February, Transparency Report Highlights
Bitget's Continues to Strengthen Community Initiatives in February, Transparency Report Highlights
VICTORIA, Seychelles, March 11, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has released its February 2025 transparency report, marking yet another landmark month of industry recognition and ecosystem growth. Driven by innovation, strategic business decisions and a strong demand for trustworthy platforms have pushed the ecosystem to expand beyond expectations.
Starting off February, Bitget ranked #8 on Forbes' prestigious list of Top Trusted Crypto Exchanges, reinforcing its dedication to security and transparency. This acknowledgement is the result of Bitget's continued efforts to build a resilient and trusted platform among users. Further strengthening its global footprint, Bitget successfully obtained the Virtual Asset Service Provider (VASP) license in Bulgaria, allowing it to expand its services under the European Union's MiCA regulatory framework.
Celebrating an impressive 2024, Bitget distributed a total of $70 million in bonuses to its employees. This record bonus distribution highlights Bitget's strong growth and is a nod to the team's effort in driving growth. With community-driven support and innovation, Bitget announced the launch of a new round of Bitget Builders, led by Bitget COO Vugar Usi Zade.
February also saw the largest hack in the crypto industry, with Bybit facing a $1.5 billion loss. As a symbol of solidarity, Bitget extended its support by transferring funds to support withdrawals. Prioritizing security measures and collaboration, Bitget remains steadfast in reinforcing trust in the crypto industry.
Bitget continues to experience impressive growth, with over 100 million users globally. The platform boasts a daily trading volume of $20 billion and has seen significant engagement in both spot and futures markets. With a growing user base, Bitget prioritizes security, with its Protection Fund maintaining a value of $600 million to enable users to trade confidently.
Expanding its offerings, Bitget integrated with Callpay, enabling South African users to make ZAR deposits directly. Bitget Wallet introduced the USDT staking program for users to earn passive income, also introduced BGB onchain staking and also integrated Abstract Mainnet to simplify on-chain access.
Bitget ranked highly in liquidity management, in a research on how centralized exchange liquidity depth affects user experiences. Bitget also published a report on its AI-powered recruitment initiatives, aimed at improving hiring practices and the quality of candidates.
Bitget made strides in its CSR initiatives, launching the first Bitget Graduate Program designed to recruit and cultivate the next generation of web3 talent.
With its strategic advancements, expanding regulatory compliance, and a focus on user-driven innovation, Bitget continues to contribute towards the acceleration of crypto worldwide. As the company moves forward, its mission remains to foster a secure, transparent, and inclusive crypto ecosystem for users globally.
For the full transparency report, please visit here.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.
Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
For media inquiries, please contact: [email protected]
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Tribune
12-06-2025
- Daily Tribune
Musk regrets some of his Trump criticisms
Elon Musk, the world's richest person and Donald Trump's former advisor, said yesterday he regretted some of his recent criticisms of the US president, after the pair's public falling- out last week. 'I regret some of my posts about President@realDonald Trump last week. They went too far,' Musk wrote on his social media platform X. Musk's expression of regret came just days after Trump threatened the tech billionaire with 'serious consequences' if he sought to punish Republicans who vote for a controversial spending bill. Their blistering break-up -- largely carried out on social media before a riveted public since Thursday last week -- was ignited by Musk's harsh criticism of Trump's so-called 'big, beautiful' spending bill, which is currently before Congress. Some lawmakers who were against the bill had called on Musk -- one of the Republican Party's biggest financial backers in last year's presidential election -- to fund primary challenges against Republicans who voted for the legislation. 'He'll have to pay very serious consequences if he does that,' Trump, who also branded Musk 'disrespectful,' told NBC News on Saturday, without specifying what those consequences would be. Trump also said he had 'no' desire to repair his relationship with the South African-born Tesla and SpaceX chief, and that he has 'no intention of speaking to him.' In his post on Wednesday, Musk did not specify which of his criticisms of Trump had gone 'too far.' 'Wish him well' The former allies had seemed to have cut ties amicably about two weeks ago, with Trump giving Musk a glowing send-off as he left his cost-cutting role at the so-called Department of Government Efficiency (DOGE). But their relationship cracked within days as Musk described the spending bill as an 'abomination' that, if passed by Congress, could define Trump's second term in office. Trump hit back at Musk's comments in an Oval Office diatribe and from there the row detonated, leaving Washington stunned. 'Look, Elon and I had a great relationship. I don't know if we will anymore. I was surprised,' Trump told reporters. Musk, who was Trump's biggest donor to his 2024 campaign, also raised the issue of the Republican's election win. 'Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate,' he posted, adding: 'Such ingratitude.' Trump later said on his Truth Social platform that cutting billions of dollars in subsidies and contracts to Musk's companies would be the 'easiest way' to save the US government money. US media have put the value of the contracts at $18 billion. With real political and economic risks to their falling out, both appeared to inch back from the brink on Friday, with Trump telling reporters 'I just wish him well,' and Musk responding on X: 'Likewise.'
Daily Tribune
07-06-2025
- Daily Tribune
Trump may get rid of his Tesla after Musk row: official
Trump may get rid of his Tesla after Musk row: official Washington, United States Donald Trump may now offload a Tesla he said he bought earlier this year in a show of support for Elon Musk, a White House official said yesterday, following a blazing row between the US president and his billionaire former advisor. The red electric vehicle, which retails for around $80,000, was still in a parking lot on the White House grounds on Friday, an AFP reporter said, a day after the very public meltdown between Trump and the South African-born tech tycoon. "He's thinking about it, yes," a senior White House official told AFP when asked if the Republican would sell or give away the Tesla. Tesla stocks had tanked more than 14 percent on Thursday amid the row, losing some $100 billion of the company's market value, but leapt back in early trading Friday. Trump, who does not drive as a president, said he was buying the Tesla in March to boost support for his mega-donor, whose brand -- and bottom line -- has been hit hard by public outrage over his role in slashing US government jobs. At a choreographed publicity stunt that turned the White House into a pop-up Tesla showroom, Trump praised the EV as a "great product" and lashed out on social media at "Radical Left" attacks against the world's richest person and his company. Trump's Press Secretary Karoline Leavitt and another senior aide posed in the car as recently as last week, in a photograph posted on Musk's social media network X. "Taking President Trump's Tesla out for a ride," Trump's communications advisor Margo Martin posted. But the shiny red vehicle has now become an awkward symbol of the fiery political divorce between Trump, 78, and former Department of Government Efficiency (DOGE) chief Musk, 53. Trump said he was "very disappointed" by Musk and threatened to end his government contracts after his ex-aide criticized the president's flagship budget and policy mega-bill as an "abomination."
Bahrain News Gazette
13-05-2025
- Bahrain News Gazette
CGTN: China and CELAC usher in new chapter of South-South cooperation
As China hosts the fourth ministerial meeting of the China-CELAC (Community of Latin American and Caribbean States) Forum in Beijing this Tuesday, CGTN publishes an article highlighting how China-CELAC cooperation is delivering tangible benefits to local communities. The article also underscores China's sincere commitment to working hand in hand with CELAC countries on five major projects and advancing together on their respective paths to modernization. BEIJING, May 13, 2025 (GLOBE NEWSWIRE) — Located in San Salvador, the National Library of El Salvador – a China-aided mega project – has become a modern cultural landmark in the capital city since its inauguration in late 2023. Spanning 24,000 square meters, the library is open 24/7 and holds over 360,000 volumes. It serves multiple functions, including youth education, art exhibitions, cultural performances, and academic conferences. The library is among more than 200 infrastructure projects China has supported in Latin American and the Caribbean (LAC) countries in recent years, which Chinese President Xi Jinping noted during his address at the opening ceremony of the fourth ministerial meeting of the China-CELAC (Community of Latin American and Caribbean States) Forum in Beijing on Tuesday. Xi said those projects have helped create nearly one million local jobs. Fundamental pursuit to benefit people Noting that this year marks the 10th anniversary of the official launch of the China-CELAC Forum, Xi said he's pleased to see the China-CELAC Forum grow from a seedling to a tall tree. China and CELAC countries have built a community with a shared future, featuring equality and mutual benefits, upholding openness and inclusiveness, and aiming to bring tangible benefits for the people, Xi said. Since 2012, China has been LAC's second-largest trading partner and is now the top partner for Chile, Brazil, and Peru. It has signed free trade agreements with five LAC nations: Peru, Chile, Costa Rica, Ecuador, and Nicaragua. As of 2024, bilateral trade reached $500 billion – a nearly 40-fold increase since 2000, according to Chinese Ambassador to Panama Xu Xueyuan. So far, 23 LAC countries have signed memorandum of understanding (MoU) on the Belt and Road Initiative (BRI) with China, Xu said. Notable BRI projects include the Chancay Port – South America's first smart and green port – and the Jamaica North-South Highway. Inaugurated in November 2024, Chancay Port has cut Pacific shipping time by nearly one-third, lowered logistics costs by 20 percent, and is expected to create over 8,000 direct jobs. Such tangible cooperation has received strong local support. A CGTN poll of 2,500 Latin Americans found that 80.4 percent viewed the BRI as beneficial to regional economic and social development. Since 1993, China has dispatched 38 medical teams to Caribbean nations, offering care and helping improve local medical capabilities. The same poll showed that 86.2 percent of respondents had a favorable impression of China. Solidarity and further cooperation At the gathering, Xi stressed the importance of Global South unity in face of rising unilateralism and protectionism. China and LAC countries are important members of the Global South, Xi said, adding that 'Independence and autonomy are our glorious traditions, development and rejuvenation are our natural rights, fairness and justice are our common pursuits.' Facing the undercurrents of geopolitics and camp confrontation, as well as the growing countercurrents of unilateralism and protectionism, China is willing to join hands with CELAC countries to launch the five major projects, seek common development and rejuvenation, Xi said. Detailing the major projects centering on solidarity, development, civilization, security and people-to-people exchanges, Xi called on China and Latin American and Caribbean countries to continue supporting each other on core interest issues and major concerns, maintain close exchanges in all fields, and jointly implement the China-proposed Global Development Initiative, Global Security Initiative and Global Civilization Initiative. Xi announced that China will provide CELAC countries with a credit fund of 66 billion yuan (around $9.2 billion) to support their development. Additionally, over the next three years, China will offer 3,500 government scholarships, 10,000 training opportunities, 500 international Chinese language teacher scholarships, and 300 training spots for poverty reduction technologies. China has decided to offer a visa-free policy to five countries in Latin America and the Caribbean, and will expand the policy to cover more regional countries in due course, said the Chinese president. China's recent modernization has boosted confidence in the region. A CGTN poll showed that 82.9 percent of respondents see China's development model as a valuable reference for LAC countries. Noting China has always been a good friend and partner of LAC countries, Xi called on China and LAC countries to join hands and move forward side by side on respective modernization journeys. Contact: CGTN, [email protected] GlobeNewswire Distribution ID 9450561
