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Cryptocurrency exchange Bitget has emerged as a major player in global derivatives trading, recording $11.5 trillion in cumulative derivatives volume between November 2023 and June 2025, according to a newly released CoinDesk Market Data Deep-Dive report.
The Seychelles-based platform, which is the world's leading cryptocurrency exchange and Web3 company serving over 120 million users across 150+ countries, achieved average monthly volumes of $750 billion in 2025, with derivatives accounting for nearly 90% of trading activity.
The report positioned Bitget among the top four global exchanges for derivatives volume and highlighted its dominance in spot market liquidity. The exchange ranked first for Ethereum and Solana spot depth, and second for Bitcoin, establishing it amongst the top three globally for execution quality.
Bitget's institutional adoption has accelerated rapidly, with the user composition shifting significantly in the first half of 2025. Institutions now account for 80% of spot volumes and 50% of derivatives volume, doubling the exchange's assets under management year-to-date.
The platform's native BGB token emerged as the third-most traded spot asset after Bitcoin and Ethereum, with volumes rivalling entire market sectors. This performance helped drive Bitget to its highest-ever spot market share of 5.2% in May 2025.
Gracy Chen, Chief Executive Officer at Bitget
"We've been deliberate about how we scale, we deliver world-class products, and provide one of the strongest security infrastructures. From retail to institutional, people are looking for quality and safety. This report validates what we've known internally: institutions are here, and they choose to trust Bitget."
— Gracy Chen, Chief Executive Officer at Bitget
The exchange's liquidity metrics demonstrated competitive strength across major cryptocurrencies. Bitget recorded an average Bitcoin slippage of just 0.0074% for $100,000 trades, placing it among the top three globally for execution quality and beating major competitors in spot depth measurements.
CoinDesk's analysis credited Bitget's institutional growth to strategic product developments, including its Liquidity Incentive Programme, institutional lending suite, and a unified margin system scheduled to launch later this quarter.
The report also highlighted Bitget's Onchain launch in April 2025, which contributed to a 32% month-on-month increase in spot volumes. The platform demonstrated particular strength in XRP derivatives open interest and showed dominance in Layer-1 and memecoin sectors.
Established in 2018, Bitget operates as both an exchange and through Bitget Wallet, a non-custodial crypto wallet supporting 130+ blockchains. The company maintains strategic partnerships including its role as Official Crypto Partner of LALIGA in Eastern, Southeast Asian and Latin American markets, and serves as the exclusive cryptocurrency exchange partner of MotoGP.
