Ethereum News Today: Institutional Capital Flocks to Bitget as BGB Surpasses $5 Barrier
- Bitget's monthly trading volume hit $750B, driven by institutional adoption and BGB token growth. - BGB surged 860% to $5+ by December 2024, fueled by platform integrations and utility features. - Institutional demand grew via Ethereum's reclassification, low fees, and macroeconomic crypto shifts. - Bitget expanded globally with 45M users, $365M daily volume, and strategic market entries like Australia.
Bitget, one of the leading cryptocurrency exchanges, has reported a significant milestone in its operational growth, recording a monthly trading volume of $750 billion in recent months. This surge is attributed to the platform's expanding institutional user base and broader adoption of its utility token, BGB [1]. The exchange has been particularly successful in integrating BGB into its ecosystem, offering users a range of benefits such as discounted trading fees, access to exclusive events, and participation in token sales [1].
BGB, Bitget’s native utility token, has seen substantial appreciation in value, with its price surpassing $5 as of December 2024. Starting the year at $0.57, the token has soared by an impressive 860% year-to-date, with key milestones achieved at $1.00 in mid-February and $1.50 by June [1]. The late-year surge saw BGB cross $1.70 in November before breaking through the $5 mark in December. This performance is a direct reflection of Bitget’s continuous efforts to enhance platform services, improve product offerings, and expand the utility of BGB [1].
The growing adoption of Bitget and the utility provided by BGB have created a strong demand for the token, particularly among institutional investors. BGB’s integration with the platform’s features, such as Launchpad, Launchpool, PoolX, and transaction fee discounts, has incentivized users to hold and utilize the token within the Bitget ecosystem [1]. Institutional demand is also bolstered by the positive market sentiment towards cryptocurrencies and the broader growth of the crypto industry, which has attracted more individuals and institutions to the space [1].
Bitget’s institutional growth has been further supported by strategic partnerships and regulatory advancements. For instance, the SEC’s reclassification of Ethereum as a utility token in 2025 has had a ripple effect on the crypto market, unlocking significant institutional capital [3]. Similarly, the platform's expansion into new markets, such as Australia, has positioned it as a competitive option for investors seeking low fees and a wide array of tradable assets. The exchange’s daily trading volume of $365 million and its user base of 45 million worldwide underscore its growing influence in the global crypto market.
The institutional adoption of Bitget and its ecosystem is not isolated to BGB but extends to the broader crypto landscape. For example, Ethereum’s rise as a reserve asset has been a key driver in attracting institutional capital, with Ethereum-based ETFs receiving $7.9 billion in inflows in 2025 alone [3]. This trend is mirrored in Bitget’s institutional user base, which is increasingly viewing the exchange and its tokens as strategic investments rather than speculative bets [3]. The dual identity of Ethereum as both a store of value and a yield-generating asset aligns with the platform’s value proposition, making it an attractive option for institutional investors looking to diversify their portfolios [3].
Bitget’s growth is also supported by macroeconomic factors, such as the Federal Reserve’s dovish monetary policy, which has prompted institutions to reallocate capital from low-yield bonds to higher-yield crypto assets [3]. This shift is reflected in Bitget’s growing institutional user base, which is leveraging the exchange’s services to access yield-bearing infrastructure and diversify their portfolios [3]. The platform’s ability to provide a blend of liquidity, transparency, and programmability has made it a key player in the evolving institutional crypto market [3].
Source:
[1] What is the Real Use-Case of BGB (Bitget Token)? (https://www.bitget.com/blog/articles/what-is-the-real-use-case-of-bgb)
[2] PI Coin Price Today , PI Network Price , Pi Price (https://www.bitget.com/price/pi-network)
[3] The Rise of ETH Treasuries: How Institutional Adoption is ... (https://www.bitget.com/news/detail/12560604933917)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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