Bitget

Bitget is a cryptocurrency exchange and derivatives platform founded in 2018, and it is based in Seychelles. The exchange offers copy, futures, and spot trading on its platform.

Overview

Founded in July 2018, Bitget is a crypto exchange providing spot, derivatives, and copy trading services. It provides account registration and is accessible via web and mobile apps. The platform focuses on derivatives trading with perpetual future contracts and offers leverage of up to 125x.^[10]

In November 2022, Bitget announced that it had registered in Seychelles to aid global expansion. The exchange also updated its recruitment plan with a target of 1200 headcount by the first quarter of 2023, increasing its workforce by another 50% from its existing size, to better meet user demand and support business growth.^[13]

"We see Seychelles as a friendly region for the crypto community. We have been working for several months on this registration and are happy to announce the development now. The registration in Seychelles offers a constructive environment for Bitget, enabling us to unlock collaborations with partners and strengthen banking relationships, along with our expansion with different partnerships, such as the Argentine football legend Lionel Messi and the Italian football club Juventus." - Gracy Chen, Managing Director of Bitget.

In April 2023, Bitget launched its Bitget Web3 Fund during the Hong Kong Blockchain Week, with an initial investment of $100 million. The fund is focused on investing in Web3-friendly venture capital and outstanding Web3 projects to support the development of the next generation of crypto projects.^[18]

On April 18, 2023, Bitget partnered with Core DAO to launch a $200 million ecosystem fund that supports decentralized applications (DApps) built on Core Network Layer-1 blockchain.^[27]

In May 2023, Bitget announced the launch of the Bitget Academy training project aimed at empowering young individuals with a $10 million investment through the Blockchain4Youth project.^[12] As stated in a press release, "the project will revolve around the exchange’s core values focused on advancing crypto and blockchain technology adoption through the leadership of young generation representatives."^[12]

In August 2022, Bitget introduced a Protection Fund worth $200 million to provide security against potential hacks and protect assets. In November 2022, Bitget announced it would increase its Protection Fund to 300 million USD to provide better protection and further assurance to crypto users.^[24]

In April 2023, Bitget started a $100 million fund targeting Web3 startups in Asian countries to build a framework for developing Web3.^[36]

On September 12, 2023, Bitget announced the establishment of the Bitget EmpowerX Fund worth $100 million. The fund is dedicated to fostering the platform’s ecosystem development, seeking investment opportunities in regional exchanges, data analytics firms, media organizations, and other entities that contribute to the growth of its ecosystem.^[35] In May 2024, Gracy Chen was appointed CEO of Bitget, succeeding her prior role as managing director.^[47]

Security and Compliance

Bitget emphasizes user asset protection through a dedicated Protection Fund. The fund was launched in August 2022 with $200 million in assets and was increased to $300 million in November 2022 to provide additional coverage against potential hacks and other security incidents, aiming to reassure users in the wake of major exchange failures in the wider market.^[24] Later updates from the company described the Protection Fund as expanding to around $600 million in 2022 and indicated an intention to maintain its value at or above $300 million, with subsequent disclosures highlighting continued sizable holdings.^[47]

In March 2023, Bitget entered a strategic partnership with decentralized data warehouse provider Space and Time (SxT) to strengthen transparency and verifiability of its operations.^[28] Through this collaboration, Bitget uses SxT’s infrastructure to generate a tamperproof audit trail of exchange data and computation, enabling proof-of-reserves

and proof-of-liabilities-style verification so users can independently confirm that assets held on the platform match the balances Bitget reports.^[28]

From a regulatory and organizational perspective, Bitget registered in Seychelles in November 2022 as part of its global expansion strategy, describing the jurisdiction as a supportive environment for crypto businesses.^[13] In August 2026, Bitget announced it would exit the Japanese market and restrict Japan-registered accounts, citing regulatory constraints and instructing affected users to wind down positions and withdraw assets by December 31, 2026.^[46] These measures, together with partnerships focused on identity verification and anti-fraud controls described in the Partnerships and Regulatory Developments sections, outline Bitget’s approach to balancing user security, operational transparency, and jurisdiction-specific compliance requirements. Under a strengthened compliance program led by Chief Legal Officer Hon Ng, Bitget reported securing licenses in Australia, Italy, Poland, and Lithuania by late 2024 and stated that it aims to continue expanding regulatory approvals, noting that its licensing coverage evolves as it enters new markets and regulatory regimes.^[47]

Products

Buy

Bitget offers a Buy service for cryptocurrency transactions via credit/debit card, P2P trading, Quick Buy, and third-party trading.^[1]

Copy Trading

Bitget provides a copy trading feature that enables users to follow and replicate the trades of other traders. Recently, it introduced parameter recommendations, allowing elite traders to suggest parameters for their followers, simplifying the copy trading process. Recommended parameters can include Fixed Amount and Multiplier modes, Stop-Loss Ratio, Take-Profit Ratio, and Maximum position size, which followers can choose to adopt when configuring copy trading.^[3]

Spot Trading

Bitget’s spot trading feature allows users to trade cryptocurrencies on the Bitget cryptocurrency market. It provides up-to-date information on spot market prices, coin market cap, token price charts, and 24-hour price changes. ^[2]

Futures Trading

Bitget offers futures trading, allowing users to trade contracts that track the future value of assets for hedging or leveraged exposure.^[4]

On Bitget, users can trade cryptocurrency futures, including perpetual contracts on assets such as Bitcoin, Ethereum, and Litecoin, with margin and leverage that can reach up to 125x depending on the product.^[4] Bitget provides three futures trading options: COIN-M Futures, USDT-M Futures, and USDC-M Futures, which differ mainly by the settlement currency. USDT-M and USDC-M futures are settled in USDT and USDC, respectively, while COIN-M futures are settled in the underlying cryptocurrency, such as Bitcoin or Ethereum.^[5] Bitget’s futures products use margin requirements and liquidation mechanisms to manage risk, with positions subject to automatic reduction or closure if account equity falls below platform-defined thresholds.^[4]

On December 5, 2024, Bitget launched the GMCI Meme index on its futures trading platform, offering exposure to a curated basket of memecoins that meet criteria such as active trading on major centralized exchanges, significant circulating market capitalization, and strong community backing; the index is designed to be dynamic and is rebalanced on a monthly basis.^[48]

Margin Trading

On Bitget, margin trading allows users to open leveraged futures positions by posting collateral rather than paying the full contract value upfront.^[6] The platform tracks several margin components for each account and position. Initial Margin represents the minimum equity required to open a position and acts as collateral for counterparties. Maintenance Margin is the minimum equity that must be maintained while a position is open and is set lower than the initial requirement. Variation Margin reflects changes in equity due to unrealized profit and loss as market prices move relative to the entry level.^[6]

Bitget also displays Available Margin, which is the portion of account equity that can be used to open new positions, and Risk Margin, which represents equity tied up in existing positions and exposed to market movements.^[6] If account equity falls below the required Maintenance Margin, Bitget’s risk engine may trigger partial or full liquidation of positions to bring the account back within margin limits, in line with the platform’s risk control framework.^[6]^[7]

Bitget Launchpad

Bitget Launchpad is a platform that offers early access to potential new cryptocurrency tokens from various projects. Project owners can leverage Bitget’s wide-ranging community and extensive resources to build their brand.^[8]

One of the projects on the launchpad is TypeIt (TYPE), which is described as a keyboard application that allows users to earn passive income by using it for everyday typing activities.^[9]

Bitget Insights

Bitget introduced a new feature in October 2022 called "Bitget Insights". This feature allows social media integration with social trading via the Bitget exchange. With Bitget Insights, novice traders can gain valuable insights from experienced traders.^[17]

BitEXC

In December 2024, Bitget introduced BitEXC, a cryptocurrency exchange tailored to the Vietnamese market. The platform supports P2P, spot, and futures trading, with payment options such as ViettelPay, Momo, and ZaloPay. Future developments include an Earn program and copy trading.

Using Bitget's infrastructure, BitEXC aims to enhance asset security through a $300 million Protection Fund and seeks to engage the local community through educational initiatives. This launch aligns with Bitget’s efforts to expand its Southeast Asian presence and address Vietnam's increasing cryptocurrency adoption.

Bitget Live

Bitget Live is a streaming feature introduced by Bitget to facilitate real-time interaction between crypto-focused content creators and their audiences. It enables creators, including influencers and professional traders, to host live sessions with capabilities such as screen sharing, audio streaming, co-hosting, and in-session token recommendations. These features allow users to explore and trade cryptocurrencies directly during the broadcast. The platform also includes real-time chat, replay access, and scheduling tools to ensure content remains accessible and interactive beyond the initial stream.

The feature supports creator monetization through referral links and token promotion mechanisms integrated into the live experience. Bitget provides additional support through traffic incentives and themed events to help creators expand their reach. Live sessions allow audiences to follow market commentary, trading insights, and project discussions while participating in community dialogue through built-in chat. Bitget Live is part of a broader creator toolset, including on-chain affiliate programs and features like Strategy Plaza and Insights, aiming to combine content delivery, user engagement, and monetization within a single platform. ^[40]^[41]

BGUSD

BGUSD is a yield-bearing stable asset certificate introduced by Bitget designed to improve capital efficiency while providing passive income opportunities. On May 27, 2025, Bitget announced the launch of BGUSD as a yield-bearing stable asset certificate within its trading and wealth management platform.^[49] It is integrated into Bitget’s trading and wealth management platform and can be redeemed 1:1 for USDC. Users can obtain BGUSD using either USDC or USDT, and it offers an annualized yield starting at 4%, distributed daily based on the user's minimum daily balance. During the first 30 days after launch, a promotional yield of 5% is available. The yield is derived from a mix of tokenized real-world assets, including money market funds and tokenized US Treasuries, with backing from institutional infrastructure and partners like Superstate.

BGUSD functions as a stable, income-generating asset within Bitget’s ecosystem and offers both instant and standard redemption options, with a fixed 0.1% fee for each. It is designed to maintain liquidity while reducing exposure to crypto market volatility. In addition to its role as a value-preserving instrument, BGUSD can be actively used across the platform for lending, as margin in futures trading, and staking-related products like Launchpool and PoolX. The asset is structured to support diversified, on-chain exposure to traditional financial products, combining stable returns with transparent access and platform-wide utility.^[42]^[43]

Crypto Loans

On July 4, 2023, Bitget launched Crypto Loans to attract a new audience of users dissuaded by traditional credit institutions and seeking alternative funding via digital assets.^[20]

Bitget’s Crypto Loans product is based on a dual-coin approach, allowing users to stake one coin from their holdings as collateral in exchange for the ability to borrow a corresponding amount in another coin. Each loan is issued at a specific interest rate to pay, with the borrowed amount determined by the market value of the staked collateral. The loans are issued within a predetermined period, users can choose to repay before or at the predetermined deadline.^[20]

Bitget Token (BGB)

Bitget Token (BGB) is the utility token used across Bitget’s centralized exchange and decentralized wallet ecosystem. It supports various functions such as trading, transaction fee payments, and participation in platform activities. BGB holders can access benefits like token farming through Launchpool and PoolX, discounted trading fees, early access to token launches, and qualification for on-chain airdrops. The token is also used for multi-chain gas fees and can influence VIP status within the platform. According to Bitget’s December 27, 2024 BGB whitepaper update and a 2025 CEO letter, the initial BGB supply was 2 billion tokens; Bitget conducted an initial burn of 800 million BGB (40% of the total supply) in January 2025 and merged the BWB token into BGB, making BGB the sole utility token for both Bitget Exchange and Bitget Wallet as part of a broader effort to strengthen BGB’s role in the ecosystem.^[44]^[45]

Tokenomics

According to the BGB whitepaper, BGB had an initial total supply of 2 billion tokens, and Bitget carried out an initial burn of 800 million BGB held by the core team in January 2025, equal to 40% of the total supply, resulting in a total and circulating supply of 1.2 billion BGB.^[44] BGB has the following distribution:

BFT Replacement: 25%
Team Incentives: 20%
New User Acquisition: 15%
Branding (KOL): 15%
BGB Ecosystem: 15%
Investor Protection Fund: 10%

Starting in Q2 2025, Bitget introduced an automated quarterly burn mechanism tied to BGB’s use as gas and other parameters, with the stated goal of gradually reducing the supply to 100 million BGB.^[44]^[45] All BGB is described as being in circulation after the initial burn, with no additional vesting or lockup schedules.^[44]

Partnerships

Bitget x Juventus FC

In October 2021, Juventus FC signed an agreement naming Bitget its official sleeve partner—the first in the club's history.

In March 2023, Bitget announced on International Women's Day that it had become an official Juventus Women's Team sponsor. Bitget’s decision to sponsor the Juventus Women’s Team was inspired by its own company composition. 40% of employees in managerial roles at Bitget are female, and the exchange is an equal opportunity employer.^[16]

Bitget x Lionel Messi

In October 2022, before the Qatar World Cup, Bitget partnered with Lionel Messi, an Argentinian footballe,r making him Bitget's brand ambassador.^[11]

Bitget x DOTA 2 Bali Major 2023

In June 2023, Bitget announced its sponsorship for the DOTA 2 Bali Major 2023 as the Official Crypto Exchange Partner. The partnership was set to bring together the world of crypto and e-sports in a major event scheduled from June 29 to July 9, 2023.^[19]

Bitget x ClearTax

On July 21, 2023, Bitget partnered with ClearTax, a major tax filing platform in India. The partnership is designed to give Bitget users access to a specialized crypto tax platform with additional support for their community. The collaboration between Bitget and ClearTax involves multiple community awareness activities.^[21]

As a result of the partnership, Bitget users can benefit from ClearTax's specialized tax filing services at discounted prices and have access to its live chat desk 24/7 during the Income Tax Return (ITR) season.^[21]

Bitget x CoinTracking

On July 24, 2023, Bitget announced its partnership with CoinTracking, a crypto tax software. With CoinTracking, any crypto investor can import their trades from 100+ options, from exchanges to wallets, legacy imports, and blockchain addresses.^[22]

After importing trades, investors can fully track their portfolio with 25+ advanced reporting features, from trade statistics to balances and market analysis.^[22]

Bitget x Coinpanda

On August 9, 2023, Bitget announced a new partnership with the crypto tax platform Coinpanda. Bitget x Coinpanda partnership is designed to offer users an exclusive discount and the possibility of calculating crypto taxes in a few clicks.^[23]

Bitget x CoinStats

On August 24, 2023, Bitget announced an alliance with CoinStats, a crypto portfolio tracker, to reshape how investors manage their digital assets. The partnership with CoinStats allows users to monitor and manage their diverse crypto assets from a unified interface.^[25]

Bitget x CCData

On August 31, 2023, Bitget announced its strategic integration with CCData, an institutional-grade digital asset data provider. This collaboration propels Bitget's commitment to excellence by delivering comprehensive data solutions tailored for institutional investors.^[26]

Bitget x Space & Time

On March 27, 2023, Bitget announced a strategic partnership with Space and Time (SxT), a company specializing in decentralized data warehousing. The partnership enables Bitget to offer users enhanced transparency of exchange operations with a verifiably tamperproof audit trail of data and computation.^[28]

Bitget is the first centralized exchange to leverage a decentralized data warehouse. The trustless Space and Time platform provides Bitget users with verifiable evidence that the exchange holds the assets it claims to own on behalf of its clients and supports proofs of reserves and liabilities. Bitget users also have transparency into the exchange’s activity, liquidity, assets, and liabilities, with cryptographic assurances that the underlying data and computations have not been tampered with.^[28]

Bitget x Copper

On May 25, 2023, Bitget announced it would partner with Copper, a digital asset custody provider, to introduce an off-exchange settlement solution. It enables institutional clients to trade and settle in near real-time across exchanges while mitigating counterparty risk and increasing capital efficiency.^[30]

Bitget x Koinly

On September 1, 2023, Bitget unveiled a major upgrade to its API, connecting to Koinly’s tax reporting platform directly, responding to invaluable feedback from its dynamic community of crypto tax users.^[31]

Bitget x IEEE

On September 5, 2023, Bitget partnered with the Institute of Electrical and Electronics Engineers (IEEE) at Manipal University Jaipur to foster crypto education and improve trading skills among students with a trading competition on the Bitget platform.^[33]

Bitget x 3Commas

On September 8, 2023, Bitget partnered with 3Commas, a crypto trading automation company, to provide users with enhanced trading capabilities and maximize automation features for smarter cryptocurrency trading.^[34]

Bitget x Sumsub

On June 4, 2024, Bitget collaborated with Sumsub, an identity verification provider, to improve its security and prevent users from deepfake scams prevalent in the crypto space. Bitget announced that the partnership will provide security measures for its users and will be able to identify and prevent deepfake scams with an accuracy rate exceeding 99%.

Sumsub will provide Bitget with a range of know-your-customer (KYC) tool sets, including identity verification, facial biometrics, non-document verification, and database validation.^[38]^[39]

Regulatory Developments

On Aug. 3, 2026, Cointelegraph reported that Bitget would exit Japan and impose restrictions on Japan-registered accounts. The exchange said it will close remaining positions and requested that affected users withdraw funds by Dec. 31, 2026.^[46]

Bitget attributed the move to regulatory constraints in Japan and advised users in the region to follow official notices and complete withdrawals before the deadline.^[46]

Funding

In 2018, Bitget received its Series-A funding of an initial $10 million from leading blockchain investment fund Consensus Labs and Collinstar Capital.^[15]

In July 2020, Bitget completed a $10 million Series B funding round, raising its valuation to $1 billion, backed by Anlan Capital and SNK.^[15]

In April 2023, Bitget received $10 million in funding in a venture round led by Dragonfly. According to Dragonfly, the investment supports Bitget's ongoing global market and service range expansion and its CSR initiatives to increase crypto education and adoption.^[32]

Blockchain4Youth

On May 4, 2023, Bitget announced the launch of a corporate social responsibility (CSR) project — Blockchain4Youth. The project aims to create a blockchain future by empowering and inspiring younger generations to use Web3 and сrypto tools to create and engage in a decentralized space.^[29]

Blockchain4Youth shares Bitget's mission of promoting crypto adoption by inspiring individuals. Bitget believes a blockchain-based future is crucial for enhancing crypto tools and products. They aim to empower the younger generation to become proactive leaders in advancing these ideas. According to a Bitget study, Millennials and Gen Z, constituting 46% of crypto enthusiasts, play a significant role in shaping a crypto-friendly future.^[29]

Blockchain4Youth

Blockchain4Her

In January 2024, Bitget launched an initiative dubbed the “Blockchain4Her” group, which aims to support female-led businesses. The initiative includes a $10 million fund to support female-led startups in the blockchain industry. The exchange said a recent study found limited gender diversity in the blockchain funding market. Findings show that female-led blockchain startups secured only 6% of the total funding in the blockchain sector.^[37]

Gracy Chen explains the Blockchain4Her initiative reflects Bitget’s goal to bridge the gender gap in the blockchain industry. She said the group aims to achieve this through incubation programs, pitch competitions, and recognition events. The group will empower and encourage women to take on leadership roles in the Web3 and blockchain space.^[37]