Bitget, in collaboration with blockchain analytics firm Nansen, has published a liquidity analysis report dated October 29, 2025, highlighting a substantial increase in institutional participation on its platform. The report emphasizes Bitget's $23.1 billion trading volume, which ranks it as the second-largest global exchange, and underscores its rapid growth as a key liquidity hub in the digital asset market.
Institutional spot trading volume on Bitget surged from 39.4% in January to 72.6% in July, while futures activity saw market makers' share of volume jump from 3% at the start of the year to over 56.6% by mid-2025. These shifts coincided with improved order-book depth and tighter spreads across major pairs like BTC/USDT, ETH/USDT, and SOL/USDT, metrics now comparable to top-tier exchanges.
The report detailed liquidity benchmarks, including an Amihud illiquidity ratio of 0.0014 and a Roll spread estimate of 9.02 basis points, indicating consistent performance even during high volatility. Nicolai Søndergaard, Research Analyst at Nansen, noted, "Bitget’s progress this year has been backed by measurable improvements... it appears to be evolving in line with features typically associated with institutional-grade venues."
Bitget CEO Gracy Chen added, "Liquidity is the heartbeat of any market... We’re building an ecosystem where institutions and retail traders operate on the same solid foundation." The platform has expanded institutional services, offering tailored lending programs of up to $10 million in USDT, cross-collateral support for over 300 assets, and integrations with custodians like Fireblocks, Copper, and OSL.
Bitget's evolution into a Universal Exchange (UEX) bridges centralized and decentralized finance, signaling a broader transformation in crypto exchanges toward comprehensive financial gateways. This growth reflects increasing institutional adoption, with professional funds, corporate treasuries, and ETFs boosting holdings, making execution quality and liquidity new standards of trust.
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