Cryptocurrency exchange and Web3 company, Bitget has announced the distribution of over $70 million in bonuses to its 1,700 employees.
The move marks one of the largest bonus payouts in the crypto industry for 2024, reflecting the company’s expansion and recognition of employee contributions.
Significant Growth Drives Large-Scale Bonus Distribution
The bonus structure included mid-year and year-end payouts, with some top-performing employees receiving bonuses equivalent to 50 months of salary. Most employees were awarded bonuses ranging between four to eight months’ salary, aligning with Bitget’s commitment to rewarding staff for their role in the company’s success.
“In 2024, Bitget broke all records as we surpassed our goals by miles. This wouldn’t have been possible without the tremendous team that runs the exchange,” said Gracy Chen, CEO of Bitget. “We have expanded our user base from 20 million to over 100 million and doubled our daily trading volumes to $20 billion—this was achieved with the team’s dedication and expertise.”
Chen further emphasized that the company plans to continue hiring aggressively to strengthen its position in the industry.
Record-Breaking User Growth and Trading Volume
Bitget reported a 400% increase in its user base in 2024, with spot trading volumes surging from $160 billion in the first quarter to $600 billion by year-end. The expansion was driven by a combination of competitive product offerings, user-focused innovations, and an aggressive global growth strategy.
The exchange saw notable traction in regions including South Asia, Southeast Asia, the Middle East, Latin America, Africa, Europe, and the CIS region. This growth reflects Bitget’s strategic focus on expanding its footprint and increasing accessibility to digital asset trading worldwide.
Structured Bonus System Based on Performance
Bitget’s bonus system is structured around employee performance and key objectives. Bonuses are settled in USDT, with factors such as individual ratings and tenure influencing final payouts. The company’s philosophy of “create and share” underpins its approach, ensuring employees benefit from the firm’s financial success.
Employees were classified into performance tiers, with ratings determining bonus multipliers. Standard bonus allocations included:
- B-rated employees: 3–6 months’ salary
- B+ employees: 6–9 months’ salary
- A-rated employees: 8–12 months’ salary or higher
Future Outlook and Industry Implications
Bitget’s continued expansion and its commitment to rewarding employees signal confidence in its long-term growth strategy. As competition intensifies among crypto exchanges, such large-scale bonus distributions highlight the increasing emphasis on talent retention and operational excellence within the industry.
With further hiring planned and a strong market presence, Bitget aims to solidify its standing as a leading global exchange. The company’s rapid growth and sizable financial incentives reflect broader trends in the crypto sector, where top firms are vying for skilled professionals amid a highly competitive landscape.
Editorial Note: This news article has been written with assistance from AI. Edited & fact-checked by Harshajit Sarmah.
