Victoria, Seychelles - December 19, 2024 – Bitget, a premier cryptocurrency exchange and Web3 entity, has announced a strategic partnership with the TRON blockchain, which includes a significant investment of $10 million in TRX, the platform's utility token. This collaboration aims to enhance TRON's growing significance and market authority in the realm of on-chain global payments, expanding its diverse applications within the blockchain ecosystem, which encompasses centralized exchanges (CEX), decentralized finance (DeFi), and other innovative decentralized applications.
TRON is recognized as one of the most trusted Layer 1 networks for developers, institutions, and everyday users worldwide. It has established itself as the go-to protocol for the on-chain settlement of USDT payments, boasting over 278 million user accounts and a robust reputation for facilitating quick, low-cost transactions. To date, TRON has processed an impressive average of over $10 billion in daily on-chain transactions and has generated more than $1 billion in total protocol revenue, showcasing its substantial adoption and utility in the real world.
With a rapidly expanding user base and over 9 billion transactions processed since its inception, TRON remains one of the most widely embraced blockchains worldwide. This partnership underlines the shared vision of both organizations to make blockchain technology more accessible and affordable for users everywhere.
About Bitget
Founded in 2018, Bitget is regarded as the world's foremost cryptocurrency exchange and Web3 platform. Catering to over 45 million users across more than 150 countries and regions, Bitget is dedicated to enabling smarter trading through its pioneering copy trading feature and various other trading solutions. Users can enjoy real-time updates on Bitcoin prices, Ethereum prices, and other cryptocurrency valuations. Previously known as BitKeep, the Bitget Wallet is a premier multi-chain crypto wallet that offers a wide range of Web3 solutions, including wallet functionality, token swaps, NFT marketplace access, and DApp browsing.
Bitget is leading the charge in cryptocurrency adoption through strategic alliances, including its role as the Official Crypto Partner of LALIGA, the world’s premier football league, in the Eastern, Southeast Asian, and Latin American markets. The platform is also a global partner of Turkish national athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist), and İlkin Aydın (Volleyball national team), inspiring the global community to embrace the future of cryptocurrency.
About TRON DAO
TRON DAO is a community-governed decentralized autonomous organization committed to accelerating the decentralization of the internet through blockchain technology and decentralized applications (dApps).
Established in September 2017 by H.E. Justin Sun, the TRON blockchain has undergone substantial growth since its MainNet launch in May 2018. As of late 2024, TRON supports the largest circulating supply of USD Tether (USDT) stablecoin, surpassing $60 billion. It has also recorded over 279 million total user accounts on the TRON blockchain, more than 9 billion total transactions, and over $24 billion in total value locked (TVL), as documented by TRONSCAN.
