Bitget Monthly Transparency Report May 2025

Bitget Monthly Transparency Report: May 2025

Introduction

In May 2025, the crypto market experienced a dynamic period marked by consolidation and growth. The total market cap peaked at $3.6 trillion early in the month but retreated to $3.28 trillion by month-end, with daily trading volume at $84.44 billion. Bitcoin (BTC) traded between $104,000 and $111,000, showing resilience despite a late-month dip to $104,778, with moderate bullish momentum. Ethereum (ETH) closed at $2,515.89, down from highs above $2,600, indicating a slight loss of momentum. Altcoins like XRP, Solana (SOL), and Cardano (ADA) gained attention due to institutional demand and regulatory developments, with XRP futures on CME Group recording $19 million in notional trading volume on their debut day. DeFi projects and meme coins led in user engagement, while AI-driven tokens and tokenized assets saw rising interest. Regulatory clarity, particularly in the U.S. with the GENIUS Act advancing stablecoin legislation, bolstered market confidence. However, U.S. trade tariffs introduced volatility, and macroeconomic tightening tempered optimism. The Fear and Greed Index at 56 reflected investor indecision, setting the stage for potential breakouts in June

While the cryptospace was consolidating, Bitget reached new heights, especially in its protection fund and spot trading volume. This article will highlight some of the major achievements and provide a round-up of Bitget's performance in the month of May 2025.

Monthly Highlights

Bitget Wallet Rebranding

In May, Bitget Wallet unveiled a refreshed brand identity as part of its “Crypto for Everyone” initiative, backed by a $1 million reward campaign. The rebrand introduces a sleeker interface and simplified features for global payments and asset exploration, reflecting its mission to make Web3 accessible to all

Sweat x Bitget Announcement

We launched a strategic partnership with Sweat, integrating Bitget services into Sweat’s mobile-first rewards ecosystem. This collaboration enhances user engagement and promotes broader adoption in Southeast Asia—expanding Bitget’s reach in emerging markets.

Paydify partnership BGW

Bitget Wallet integrated Paydify’s fiat-to-crypto gateway, enabling seamless onramps in key Latin American regions. This integration supports regulated fiat access and aligns with our focus on intuitive payment solutions for everyday users.

Bitget and Cryptita Plays Inspire Next Generation with Kids' Crypto Encyclopedia

In collaboration with Cryptita, we introduced a blockchain encyclopedia for children, offering interactive learning around digital currencies. This initiative underscores our commitment to education and foundational crypto literacy across generations.

Growth in Data

In May, Bitget's trading volume witnessed a 21% increase from the previous month. Futures trading led the momentum with a 26% surge. The platform’s user base also grew by over half a million adding more than 2 million users in Q2 2025 so far.

In terms of volumes, Bitget ranked #3 after Binance and Bybit as marked in the charts below. Binance dominated the non-USD spot trading market with a total volume of $551 billion, capturing approximately 45.9% of the total market share. Bybit followed with $110 billion in volume, accounting for around 9.2%, while Bitget closely trailed at $107 billion, securing an estimated 8.9% share. This makes other exchanges account for 36% of the remaining market share.

Source: The Block (No USD support exchange volume)

With this, Bitget has also entered as the top #3 exchange in the world as per TVL and trust score. Bitget reported a strong 192% Proof of Reserves ratio, indicating it holds nearly double the assets required to cover user liabilities—well above the industry standard. Its Protection Fund also reached a record high of $725 million, with an average monthly valuation of $673 million surging over 140% growth since its $300 million launch. These figures have elevated Bitget’s strong asset backing and proactive approach to user protection and financial transparency psuhing it to new heights.

Source: Coingecko

New Products, Features, and Integrations

Bitget Live Streaming Feature

On May 19, we launched Bitget Live, a real-time streaming tool that empowers creators and expert traders to share strategies and insights directly on our platform. The feature includes screen sharing, token recommendations, live chat, and replay functionality, turning engagement into an interactive, monetizable experience.

Bitget BGUSD PR

Launched on May 27, BGUSD is a USDC-pegged, yield-generating stablecoin backed by tokenized real-world assets, including U.S. Treasuries. It offers a competitive APY, with a promotional rate of 5%, and integrates seamlessly across our trading and wealth management services.

Bitget Wallet integrates LINE Dapp Portal

Bitget Wallet became the official wallet for LINE’s Mini Dapp Portal, allowing LINE’s 196 million users to access Kaia chain games and tools via Bitget. The integration brings secure asset management and in-app trading to millions of new users.

Top New Listings

RLUSD Listing

The listing of RLUSD, Ripple’s new USD-pegged stablecoin, offers users a compliant and transparent asset backed 1:1 by dollar reserves and US Treasuries, reinforcing Bitget’s commitment to regulated and institutional-grade crypto solutions.

Shardeum Listing

The listing of SHM, Shardeum’s native token, brings spot trading access to Bitget users, marking a pivotal step in partnering with Shardeum’s EVM-based, linearly scalable Layer‑1 blockchain. The inclusion strengthens Bitget’s commitment to supporting innovative DeFi ecosystems and gives users new exposure to Shardeum’s high-performance smart contract platform.

USD1 Listing

The USD1, issued by the Trump family-affiliated World Liberty Financial, is designed to streamline digital transactions by enabling seamless conversion between fiat currency and digital assets. This listing represents a significant step in Bitget's goal of furthering broader adoption.

Bitget Wallet May Summary

Bitget Wallet Rebranding

Bitget Wallet has unveiled a new brand identity and launched the "Crypto for Everyone" movement, reflecting its transformation into a full-service wallet for everyday crypto use. The rebrand introduces a cleaner UI, a new logo, and core features—Trade, Earn, Pay, and Discover—while marking 300% user growth and over 80 million users globally.

Wallet Use Case Report

Bitget Wallet published its second Onchain Report revealing that wallets are becoming all-in-one finance hubs, especially in underbanked regions, with nearly half of users engaging in trading, rewards, and payments. Regional usage shows strong demand for mobile-first, multi-functional wallets tailored to real-world needs.

Coinpal & Paydify partnership

Bitget Wallet partnered with Coinpal to expand crypto payment access across over 6,000 online merchants, using Paydify's infrastructure to enable direct crypto payments at checkout. The integration supports various sectors while scaling Bitget Wallet's PayFi ecosystem to make crypto spending seamless and widely accepted.

Shop with Crypto

Bitget Wallet launched "Shop with Crypto," an in-app marketplace allowing users to spend crypto directly at 300+ global brands, including Amazon, Steam, and Shopee — with no fiat conversion, enhancing real-world utility by enabling crypto-native checkout across gaming, travel, mobile services and more.

Bitget Wallet Alpha

Bitget Wallet Alpha was launched as a new mobile-native hub for real-time token discovery and one-click trading, designed for onchain traders seeking early signals, enabling users to scan, assess, and trade across 130+ chains instantly within the wallet.

Bitget Research

Commentaries by Chief Analyst at Bitget Research, Ryan Lee

BeInCrypto: Bitcoin (BTC) Price Faces Period of Uncertainty as Q2’s Final Month Begins

Cointelegraph: Blockchain Group Adds $68M in Bitcoin to Corporate Treasury

Coindesk: XRP Price Boom In Crosshairs as Traders Expect Short Squeeze–Fueled Rally

Benzinga: Pump.fun's $1B Token Plan Risks Undermining Solana DeFi, Fueling Meme Coin Scams

FxStreet: Ripple Joins Treasury Trend as VivoPower Raises $121M to Build XRP Reserve

CSR initiatives

Bitget Blockchain4Youth Fuels Web3 & AI Innovation at Google's "Build with AI" Hackathon

Organized by Google Developer Groups (GDG) and hosted at Constructor University, Bitget’s Blockchain4Youth initiative connected with over 130 students to explore the intersection of blockchain and artificial intelligence. Set against the backdrop of a university known for innovation and advanced technical training, the event challenged students to build AI-powered models and prototypes using Google’s developer tools. Bitget’s participation brought a real-world lens to the discussion, highlighting how blockchain can complement and strengthen AI applications. The hands-on exchange bridged theory with practice, offering students deeper insight into emerging tech convergence and its practical potential.

Bitget Delivers Critical Aid to Myanmar

In late March, the Sagaing region was struck by a powerful earthquake, with tremors felt as far as Bangkok, intensifying challenges in an area already burdened by civil unrest and economic hardship. In collaboration with local partners, Bitget provided 150 Emergency Resilience Kits to high-risk families, prioritizing those who had lost their homes, cared for infants or elderly relatives, or had received limited aid. This effort underscores the importance of grounding crisis response in both urgency and empathy. By pairing swift action with local insight, support reached those who needed it most.

Bitget Starlink Program

Bitget’s Starlink Program is delivering high-speed satellite internet to remote islands in the Philippines, addressing digital inequality at its root. By deploying Starlink’s advanced connectivity infrastructure, the initiative provides reliable internet access to underserved communities, laying the foundation for future blockchain education and financial inclusion. The program reflects a growing awareness within the crypto industry that meaningful adoption begins with access. By tackling connectivity barriers first, Bitget is creating a scalable model that can be extended to neighboring islands through partnerships with local NGOs and government agencies.

Bitget’s Blockchain4Youth Celebrates Two Years of Youth-Driven Innovation

Celebrating its 2nd anniversary, Blockchain4Youth has engaged over 8,000 participants worldwide and issued more than 3,000 certificates, empowering the next generation to drive blockchain and Web3 innovation. Focused on bridging the knowledge gap for students, young developers, and entrepreneurs, the program’s flagship initiative, Bitget Builders, is expanding globally through offline events that invite diverse crypto enthusiasts to co-build the Bitget ecosystem. Now active in over 70 countries, Blockchain4Youth has hosted 80+ campus lectures, hackathons, and online courses, showcasing Bitget’s ongoing effort to make blockchain education accessible, inclusive, and impactful.

Events across the world

Bitget | LALIGA Dream Day 2025

Dream Day Jakarta brought the community together for an unforgettable carnival under the sun and stars. Guests immersed themselves in spirited football challenges, penalty shoot-outs, header contests, and juggling leaderboards, before moving indoors for exclusive meet-and-greet sessions with Luis Milla. The live match screening ignited the crowd, while branded giveaways like jerseys and scarves kept excitement buzzing. Attendee feedback praised the seamless flow, energetic atmosphere, and memorable activations that celebrated both sport and community.

Canada Blockchain Week

Across Blockchain Futurist and Consensus Toronto, Bitget's presence energized the floor with a bustling Bitget Wallet booth, dynamic side events, and welcoming networking hours. Attendees highlighted the friendly atmosphere at our ETH Women's Happy Hour and Bitget Mixer Night, noting how these gatherings fostered genuine connections.

Bitget Pizza Day, A Slice of History

Our global Pizza Day celebration delighted local communities with a blend of fun and flavor. From competitive pizza-eating contests and creative photo ops at national landmarks to a surprise pizza-themed birthday cake, regional teams showcased remarkable inventiveness. Participants loved the festive spirit and personal touches, commenting on how these events brought people together over a shared passion. The strong local ownership and inventive activations underscored Bitget's commitment to engaging communities in meaningful, memorable ways.

Top blogs to read

In May, we released 50+ new educational pieces on Academy and Blog. Here's the must-read list:

#TradingInsights: Crash course on Spot Grid , Spot Grid: AI & Manual Grid Strategies , How To Maximise Profits With Bitget Spot Copy Trading , Common Spot Grid Trading Mistakes to Avoid ;

#BitgetVerse: Bitget Live , BGUSD ;

#Web3SecuritySeries: SMS Spoofing , PayZero , High-risk Tokens , Fake Apps , Malicious Approvals .

Top interviews from our Chiefs

Bitget CEO Gracy's Interviews:

The Street: Exclusive: Bitget plans major push into institutional trading, payments in 2025

Nikkei Asia: Trump administration ties bitcoin to US-China rivalry amid regulation revamp

Cryptopolitan: Trump tariffs, meme coins, and $120K Bitcoin? Bitget CEO breaks it all down

Crypto Radio: Crypto trust is broken – can it be rebuilt?

Bitget COO Vugar's Interviews:

Investing News Network: Consensus 2025: DeFi, Stablecoins and Tokenization Signal Crypto’s Financial Mainstreaming

Analytics Insight: “We’re not just expanding—we’re investing in India’s Web3 future,” Vugar Usi Zade, Chief Operating Officer, Bitget

Cointelegraph: Retail is back, but not where you think — Bitget COO

BTC Echo: Europa im Visier: Bitget rüstet sich für MiCA und institutionelle Kunden

Bitget CLO Hon Ng's Interviews:

Coingape: Bitget CLO: New SEC Chair Paul Atkins Could Push Forward Conditional ETF Approvals

Conclusion

May 2025 marked a pivotal month for Bitget, showcasing significant momentum across trading performance, product innovation, and institutional credibility. Amid a consolidating crypto market, Bitget stood out with a 21% monthly growth in trading volume, ranking #3 globally in spot volume behind Binance and Bybit. The exchange’s 192% Proof of Reserves ratio and $725 million Protection Fund set new industry benchmarks for transparency and asset security. Strategic partnerships like those with Sweat and Paydify expanded Bitget’s reach in emerging markets, while product launches such as BGUSD and Bitget Live highlighted its commitment to ecosystem utility and user engagement. Bitget Wallet’s rebrand and integrations with platforms like LINE and Coinpal further reinforced its Web3 accessibility push, surging its user growth beyond 80 million. Coupled with impactful CSR efforts—from youth blockchain education, to crisis relief in Myanmar—Bitget continues its journey as one of the top performing trading platforms within the crypto and Web3 landscape.