Core Insights - Bitget released its May 2025 Transparency Report, highlighting growth in trading activity, product innovation, global expansion, and social impact despite the cryptocurrency market being in a consolidation phase [2][3] Market Performance - The total cryptocurrency market cap fluctuated from a peak of $3.6 trillion to a closing value of $3.28 trillion in May, with an average daily trading volume of $84.44 billion [2] - Bitget's trading volume surged by 21% in May, with futures trading volume increasing by 26%, and spot trading volume reaching $107 billion, ranking Bitget third globally with approximately 8.9% market share [2][3] User Growth and Engagement - In May alone, Bitget added over 500,000 users, contributing to a total of over 2 million new users in Q2 2025 [3] - Bitget achieved a record reserve proof ratio of 192%, with a protection fund reaching a historical high of $725 million, reflecting its commitment to transparency and user protection [3] Product Innovations - May marked a significant month for Bitget Wallet, which underwent a major upgrade and rebranding under the "Crypto for Everyone" initiative, introducing features like Paydify integration for seamless fiat deposits in Latin America and a "Shop with Crypto" marketplace [3][4] - The launch of Bitget Live, a real-time streaming feature for creators and professional traders, and the introduction of BGUSD, a stablecoin pegged to USDC, were notable product releases [4] Strategic Partnerships and Community Initiatives - Bitget established partnerships to promote cryptocurrency adoption and education, including collaboration with Sweat to expand usage in Southeast Asia and Cryptita to launch a blockchain encyclopedia for teenagers [3][4] - The Blockchain4Youth program attracted over 8,000 participants across more than 70 countries, demonstrating Bitget's commitment to social impact [5][6] Future Outlook - Bitget continues to set new benchmarks in trust, product utility, and real-world Web3 applications, positioning itself as a key driver in the next phase of cryptocurrency development [6]