Cryptocurrency platform Bitget has ended the first quarter of 2025 on a strong note, reporting $2.08 trillion in total trading volume. This was driven by a sharp 159% increase in spot trading, which reached $387 billion during the quarter under review. The surge in volume came amidst heightened market participation and sustained momentum across new listings and core product lines.

“This quarter’s performance shows the value of staying agile in a volatile environment," said Gracy Chen, CEO at Bitget.

As per the crypto exchange and Web3 company, user growth remained strong during January-March period of CY25. Bitget added 4.89 million users on its CEX platform and 15 million users on Bitget Wallet in Q1 alone, bringing the platform's global user base to over 120 million—a nearly 20% rise.

Bitget’s native token, BGB, had a volatile but net-positive quarter. The period also saw the introduction of a refreshed roadmap for BGB, outlining expanded utility in staking, Launchpad participation, and integrations with new DeFi ecosystems. A quarterly burn schedule remains in place to manage supply-side pressures.

 “In the next quarter, we will continue to focus on institutional-grade infrastructure and double down on expanding its Web3 presence through our ecosystem. Compliance remains a key pillar as the exchange navigates tighter global oversight while staying anchored to its core ethos: helping users trade smarter,” Bitget CEO said.

As per the company, security stayed front and center, especially after a record-breaking $2.1 billion was lost to crypto hacks industry-wide. Bitget transferred nearly $100 million in Ethereum (ETH) to Bybit after its breach, a move that signaled a rare but critical exchange-to-exchange alignment in times of crisis. Meanwhile, Bitget’s proof-of-reserves consistently exceeded the 130% mark through Q1. Its protection fund grew from $495 million in January to $514 million by March, tracking a cautious yet upward trend in asset reserves, said the company.

Besides product performance, Bitget broadened its global footprint through on-ground events and targeted initiatives. It entered motorsports by sponsoring Brazilian driver Flávio Sampaio in the 2025 Porsche Carrera Cup and hosted Ramadan-focused gatherings across MENA and Asia. Over 60,000 meals were distributed during the holy month through donations from local partners.

Bitget also advanced its infrastructure and integrations. The company introduced AI-backed trading tool Bitget Seed to identify and list early-stage tokens with strong on-chain signals. Integrations with Zen and Callpay improved fiat onramps across Europe and South Africa. BGB’s liquidity expanded further through Morph Chain and Bulbaswap, it said.

Going forward, given a robust user pipeline, rising token activity, and new partnerships in motion, the company eyes another strong quarter.