Crypto Exchanges
By Maheen Hernandez
1 / 15
Bitget's Slice of a Fast-Moving Pie. Overall crypto exchange trading volumes fell 8% quarter-over-quarter to $16.5 trillion.
2 / 15
IPO Prime, Stocks 2.0, and the Tokenized Equity Push. Bitget launched IPO Prime and Stocks 2.0 to widen access to tokenized equities and pre-IPO products.
3 / 15
Where the Competition Stands. Binance's 60% market share in TradFi perpetuals is enormous.
4 / 15
Bitget processed nearly $70 billion in TradFi perpetual trading volume during the second quarter.
5 / 15
The numbers tell a pretty wild story. TradFi perpetual volume across the industry jumped from $52 billion in January to $268 billion in June — nearly quintupling in six months.
6 / 15
The broader crypto market, meanwhile, actually shrank.
7 / 15
Overall crypto exchange trading volumes fell 8% quarter-over-quarter to $16.5 trillion. So the TradFi perpetuals boom wasn't a rising-tide story — it was a genuine shift in where…
8 / 15
Futures open interest at Bitget grew too. Its share rose from 7.81% in Q1 to 8.58% in Q2. Not a massive jump on paper, but in a market where everyone's fighting for fractions of…
9 / 15
Gracy Chen, Bitget's CEO, said demand is rising for integrated platforms that can handle both crypto and traditional finance opportunities in one place.
10 / 15
See also: Vietnam Fines Binance and OKX Users Up to $1,900 in Offshore Trading Crackdown
11 / 15
Whether that bet pays off long-term is unclear. Pre-IPO products carry real risk, and tokenized equities operate in a regulatory grey zone in many jurisdictions.
12 / 15
But the momentum is hard to ignore. Equity perpetuals went from being a minor line item to the dominant force in TradFi perpetuals within just a few months.
13 / 15
The commodity side of TradFi perpetuals was actually what got the whole segment moving earlier in the year.
14 / 15
Binance's 60% market share in TradFi perpetuals is enormous. That's the kind of dominance that's hard to chip away at — it has network effects, liquidity depth, and brand…
15 / 15
OKX and MEXC at roughly $69 billion each means the fight for second place was essentially a three-way tie at the bottom of the top tier. Bitget edged them out, but not by much.
The Currency Analytics
Want the full story?