Bitget Sees 1,614% User Growth in Africa: Memecoins, P2P, and TON Fuel the Surge

Bitget, a leading cryptocurrency exchange, has witnessed a phenomenal surge in user adoption in Africa, with a staggering 1,614% growth in recent months. This remarkable expansion can be attributed to a confluence of factors, including the growing popularity of memecoins, the widespread use of peer-to-peer (P2P) trading, and the emergence of the TON blockchain.

Bitget CEO Gracy Chen highlighted the role of TON in driving user growth, stating that as millions of Africans utilize Telegram, the rise of TON has naturally contributed to Bitget’s success in the region. TON’s integration with Telegram, a widely popular messaging platform in Africa, has facilitated user-friendly access to cryptocurrency services for a vast population.

Memecoins have also played a significant role in attracting new users, particularly among younger demographics. The excitement surrounding memecoins has generated considerable interest in crypto trading, with Bitget providing a platform for users to engage in this trend.

Furthermore, the robust P2P trading feature on Bitget has proven to be highly popular in Africa, providing a secure and convenient way for users to buy and sell cryptocurrencies without relying on traditional financial institutions.

This impressive user growth underscores the increasing adoption of cryptocurrencies in Africa. Bitget’s commitment to providing a user-friendly and secure platform, coupled with its strategic focus on key trends like memecoins, P2P trading, and TON, has positioned it as a leading player in the region’s burgeoning crypto market.