The non-custodial crypto wallet provided by the Bitget exchange reported that its user base exceeded 60 million globally in 2024. According to the company's year-end report, this represents a 300% increase from the previous year.
Bitget Wallet Reports 300% User Growth amid Digital Asset Expansion
Bitget Wallet documented significant regional variations in user adoption. African markets demonstrated the highest percentage gains, with Nigeria recording a 1,468% increase in users. The broader African continent saw growth exceeding 1,000% compared to the previous year.
“Our vision is to build a superapp that seamlessly connects Web2 and Web3, enabling a billion users to embrace financial freedom,” said Alvin Kan, COO of Bitget Wallet. “We are committed to leading this transformation and becoming the definitive bridge between the real world and the onchain economy.”
In the Middle Eastern markets, Saudi Arabia registered 482% user growth while the United Arab Emirates showed a 326% increase. European markets also exhibited substantial expansion, with France recording 1,091% growth, followed by the United Kingdom at 687% and Germany at 657%.
The platform's data indicates distinct regional patterns in trading behavior. DeFi token trading averaged $3,312 in annual volume per user. Its highest activity is concentrated in East Asia, the Middle East, and the Americas. Meme token trading volumes averaged $1,337 per user annually, with the Middle East, Europe, and East Asia showing the most significant activity.
Within two months, Bitget Wallet expanded its user base by 20 million. For comparison, at the beginning of 2019, the platform had “only” 1 million users.
This new milestone coincided with an all-time high for the exchange's utility token, BGB, which tested the $8.5 level, marking a 1000% increase in 2024.
2024 Recap
The company's integration with Telegram's ecosystem resulted in the launch of Bitget Wallet Lite, which accumulated 10 million users within its initial month. To support further development, the company allocated $20 million toward a Telegram Mini-App Support Program and introduced the OmniConnect Dev Kit.
The first quarter of 2024 saw the introduction of the Bitget Onchain Layer. Subsequently, the company consolidated its token structure, merging its platform token BWB with BGB tokens. The unified BGB token now facilitates multi-chain gas payments and staking operations.
Data from the platform indicates increased blockchain adoption across multiple networks. User addresses on TON, Base, and Solana networks showed fortyfold year-over-year growth. The platform currently maintains connections with over 100 blockchains and facilitates access to approximately 20,000 decentralized applications.
Forward Strategy
For 2025, the company outlined plans to expand its services in on-chain financial operations, focusing on trading execution and digital asset management. Additional development priorities include streamlining crypto payment systems and implementing simplified fiat-to-crypto conversion processes.
This article was written by Damian Chmiel at www.financemagnates.com.
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