Bitget Announces Strategic Collaboration with the TRON Blockchain including the Acquisition of $10M of TRX

Victoria, Seychelles – December 19, 2024 – Bitget, a leading global cryptocurrency exchange and Web3 company, today announced a strategic collaboration with the TRON blockchain including the acquisition of $10M of TRX, its utility token. The strategic collaboration will further solidify TRON’s growing popularity and market dominance for onchain global payment, broadening its global network of use cases within the blockchain ecosystem, including CEX, DeFi, and other innovative decentralised applications.

TRON is one of the most trusted L1 networks for developers, institutions, and users worldwide. It has established itself as the de facto protocol of choice for onchain settlement of USDT payment, with over 278 million user accounts and a proven track record for delivering fast, low-cost transactions. Year to date, TRON has recorded more than $10 billion/day in average onchain transactions and over $1 billion in total protocol revenue, reflecting its significant global user adoption and real-world utility.

“At Bitget, we believe in collaboration with leading ecosystems that have real-world impact, and we’re excited to see how this initiative will bring more value to both parties and the global crypto community,” said Gracy Chen, CEO at Bitget.

“I am excited about our strategic collaboration with Bitget to support ecosystem growth,” said Justin Sun, founder of TRON. “I look forward to seeing TRON collaborate more closely with Bitget to empower developers, foster further growth and make TRON more accessible for everyone.”

With its rapid expanding user base and over 9 billion transactions processed since its inception, Tron remains one of the most widely adopted blockchains globally. The strategic collaboration highlights the shared vision between the parties to make blockchain technology more accessible and cost effective for all users around the globe.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

Media Contact
Simran Fredrick Alphonso
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About TRON DAO

TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.

Founded in September 2017 by H.E. Justin Sun, the TRON blockchain has experienced significant growth since its MainNet launch in May 2018. Until recently, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin, exceeding $60 billion. As of December 2024, it has recorded over 279 million in total user accounts on the Tron blockchain, more than 9 billion in total transactions, and over $24 billion in total value locked (TVL), based on TRONSCAN.