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Bitget Registers 6x Growth in GenZ Users Post Trump Victory
Bitget, the world’s leading cryptocurrency exchange and Web3 company, has reported a 683% monthly growth in Gen Z users during November 2024. This dramatic surge followed the U.S. presidential election on November 5, where President-elect Donald Trump’s pro-crypto stance resonated strongly with younger generations.
Gen Z’s share of new Bitget users more than doubled, surging from 26.2% in October to 53.8% in November. This significant demographic shift highlights the intersection of political narratives and financial decision-making. Trump’s campaign promises, including the creation of a national Bitcoin reserve and a regulatory framework supportive of digital asset adoption, have increased optimism in the cryptocurrency market.
Bitcoin’s price, surging by 40% post-election, further fueled a wave of FOMO (fear of missing out) among tech-savvy younger investors. Enthusiastic support from high-profile figures like Elon Musk and Joe Rogan, alongside Trump’s focus on progressive youth, added credibility to crypto as an investment vehicle for this demographic.
In November, Bitget welcomed 844,000 new Gen Z users, a sharp rise from the 110,000 recorded in October. This growth highlights a broader trend: Gen Z investors, who account for 48% of Bitget’s total user base (including young Millennials aged 18-30), increasingly use digital assets. Their financial literacy and interest in technology position this group as future leaders in crypto investments.
“The significant increase in Gen Z users’ engagement reflects a key shift in how cryptocurrency is perceived — not just as a speculative tool, but as an important part of their financial future. This generation’s adaptability and technological literacy make them uniquely positioned for the next wave of crypto asset adoption, particularly in response to sociopolitical events and market opportunities,” said Gracy Chen, CEO of Bitget.
Beyond the U.S., pro-crypto legislation is gaining momentum globally. Countries such as Brazil and Poland are exploring initiatives similar to those championed by El Salvador. The international crypto community’s response reflects a shared optimism about blockchain’s potential under supportive regulatory frameworks.
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Zoth Enters into Strategic Partnership MOU with Bakkt to Enable Compliant Cross-Border Stablecoin Payments Across South Asia and MENA
Zoth, the privacy-first stablecoin neobank purpose-built for the Global South & the Agentic Economy, and Bakkt, Inc., a regulated digital asset infrastructure company, have signed an MOU establishing the framework for a strategic partnership. Bakkt’s participation runs through its licensed subsidiary Bakkt Financial Solutions I, LLC, which holds pan-US money transmitter licenses.
Token Unlocks Are Becoming a Structural Risk in Digital Asset Markets, Says D24 Fintech
Token unlock events are becoming structural volatility triggers in digital asset markets. Unlocks worth $4.6 billion hit crypto markets from the 9th to the 16th of March, with WBT unlocking $4.34 billion, a massive 81.50 million tokens, which represented 27.77% of the current circulating supply.
KAST Appoints Former SEC Official to Lead Policy Communications as Company Targets US Market Growth
KAST, the global financial platform built on stablecoin rails, announced today that Stephanie Allen, a former senior advisor at the U.S. Securities and Exchange Commission, has joined the company as Head of Corporate and Policy Communications.
Ripple Reinforces Commitment to the Middle East with Expanded Presence in the UAE
Ripple, the leading provider of blockchain-based enterprise solutions across traditional and digital finance, today announced an expansion of its presence in the UAE with the opening of its new Middle East and Africa (MEA) regional headquarters in the Dubai International Financial Centre (DIFC), creating capacity to grow its local team as demand for regulated blockchain-powered payment and custody solutions continues to accelerate across the region.
Tassat Upgrades Lynq to Avalanche to Scale Institutional Settlement Network
Tassat Group Inc., a leading provider of blockchain infrastructure for regulated financial institutions, has upgraded Lynq’s real-time settlement and collateral network to a dedicated Avalanche L1. With over 30 leading digital asset institutions onboarded to date, the move strengthens Lynq’s ability to serve as a scalable, next-generation settlement layer for on-chain payments and collateral mobility.
MOTMX Partners with Uphold to Launch First Pre-Built Crypto-Backed Rewards Product for Financial Institutions
MOTMX, the next-generation on-chain payments and loyalty services company, today announces a partnership with Uphold, the modern infrastructure provider for on-chain finance, to launch GetC by MOTMX, the first pre-built crypto-backed rewards product for banks, credit unions and fintechs.
MoonPay Acquires Sodot, Launches MoonPay Institutional
MoonPay, the leading crypto payments network, announced the acquisition of Sodot, the key management infrastructure company that secured over $50 billion in transactions and protected more than 10 million wallets for clients including eToro, BitGo, Flow Traders, and Exodus.
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