Bitget Goes Full Bull in El Salvador – Grabs Key Licenses, Leaps to #3 Global Exchange Spot
Crypto’s wild west just got a new sheriff. Bitget – the exchange that somehow keeps dodging bear markets – just secured operational licenses in El Salvador’s Bitcoin-friendly jurisdiction. No more regulatory gray area: they’re playing by the rules (or at least the new rules Salvador wrote).
Climbing the ranks while rivals stumble
While Coinbase battles the SEC and Binance licks its post-settlement wounds, Bitget’s trading volume quietly surged past Kraken and HTX. Third-largest spot exchange now? Not bad for a platform that still makes TradFi bankers mutter ’speculative garbage’ into their bourbon.
The real play?
El Salvador’s licenses aren’t just about compliance theater. This gives Bitget direct access to Latin America’s fastest-growing crypto adopters – and lets them onboard users without that pesky ’offshore exchange’ stigma. Next stop: eating Coinbase’s lunch in the remittance corridors?
One regulator-approved step for Bitget, one giant leap for crypto’s institutional respectability charade. The suits will still hate it – until they can’t ignore the profits.
- Bitget records $757.6B in futures trading volume, up 17.3% month-on-month.
- Bitget surpasses 120 million users, shows impressive global investors interest.
- Bitget launches “Onchain” feature to simplify access to DeFi assets.
Bitget has become the third-largest cryptocurrency exchange in trading volume, as announced in its April 2025 Transparency Report. The exchange achieved substantial growth despite the market decline and investor caution. The exchange’s futures trading volume saw a 17.3% increase to reach $757.6 billion while spot trading volumes increased to $68.6 billion.
Bitget’s growth demonstrates its resilience amid the industry challenges. Bitget has strengthened its position as a major player in the industry with a market share of 7.2%. Bitget has exceeded more than 120 million users across the world amid the recent market downturn.
Bitget Enters El Salvador With New Licenses
Furthermore, the platform has achieved major milestones in regulatory compliance. Bitget obtained both the Digital Asset Service Provider (DASP) and Bitcoin Services Provider (BSP) licenses from the government of El Salvador. With the new licenses, Bitget can expand its crypto services to include staking, yield farming as well as spot and derivatives trading to users in El Salvador.
Bitget introduced the “Bitget Onchain” service in April to further drive innovation. With this feature, users can trade on-chain assets using stablecoins such as USDT or USDC on the Bitget app. Bitget intends to make it easier for users to participate in decentralized finance (DeFi) as well as integrate centralized and decentralized assets.
Bitget continues to attract more institutional investors to its platform. The exchange enhanced its Liquidity Incentive Program to offer better maker-taker rates and speed up the onboarding for institutional investors. This approach aims to improve liquidity and meet the needs of institutional investors across the spot and derivatives markets.
Global Expansion
Bitget’s expansion plan includes regulatory compliance, product diversification and improved user experience. Bitget continues to strengthen its position in the blockchain industry with innovative trading features as well as improved regulatory compliance.
Bitget’s research team forecasts substantial growth in the blockchain industry in the future. The internal research team estimates that the industry could create 500,000 jobs by 2028, which shows the potential of blockchain technology to create jobs in future. Moreover, the exchange continues to expand its presence in major international events such as TOKEN2049 Dubai and Paris Blockchain Week.
