Key facts
- Bitget ranked second in crypto derivatives liquidity for Bitcoin and Ethereum in H1 2026.
- The exchange had the second largest depth in Ethereum order-book size for a ±1% range, with $81.37 million in ETH liquidity.
- Bitget was ranked fourth in Bitcoin order book depth with $71.70 million.
- Overall crypto derivatives trading volume and open interest saw year-over-year declines in H1 2026.
- Bitget noted an increase in institutional participation, with 82% of its spot trading volume from institutional investors by December 2025.
- The exchange recorded $66.41 billion in trading volume for TradFi perpetual contracts in H1 2026.
Bitget has secured the second position in crypto derivatives liquidity for Bitcoin and Ethereum in the first half of 2026, according to a report by CoinGlass. The exchange demonstrated strong order book depth, particularly for Ethereum, where its liquidity for a ±1% range was the second largest among studied platforms at $81.37 million, representing 21.4% of the total.
In Bitcoin derivatives, Bitget ranked fourth in order book depth with $71.70 million within a ±1% mid-price range, accounting for 13.4% of combined liquidity. The report also noted a general downtrend in crypto derivatives trading activity, with average daily volume and open interest falling 15.7% and 10.0% year-over-year, respectively. This sluggishness underscores the importance of deep liquidity for trade execution.
Bitget's CEO, Gracy Chen, stated that liquidity depth is a key measure of an exchange's trust and performance in volatile markets. The exchange also reported a surge in institutional participation, with institutional investors comprising 82% of its spot trading volume by December 2025. Furthermore, Bitget recorded $66.41 billion in trading volume for traditional finance perpetual contracts in H1 2026, making up 5.5% of the evaluated exchanges' volume in that category.