Open-Source Collaboration Lays Foundation for Robust and Accessible Crypto Markets

Bitget, recognized as the largest Universal Exchange (UEX) in the world, has joined forces with the Hummingbot Foundation to broaden the availability of open-source algorithmic trading and increase liquidity within perpetual futures markets. Through this partnership, a fully integrated `bitget_perpetual` connector is now offered in Hummingbot, allowing traders to implement market-making, arbitrage, and derivatives strategies on Bitget with robust reliability and transparent price execution. This integration is intended to make quantitative trading and market entry more accessible by combining Hummingbot’s open-source framework with Bitget’s deep liquidity and high execution standards. Ongoing updates, technical support, and documentation will maintain stable connectivity as APIs evolve, while both organizations remain committed to cost optimization for tighter spreads and better order fulfillment.

This partnership supports Bitget’s Universal Exchange strategy, which merges centralized trading depth with decentralized access in a scalable manner. Open-source connectors like Hummingbot’s are key to this vision, providing traders with more options, trading instruments, and market venues from a single account. As Bitget pushes forward with its UEX strategy, the alliance is set to grow through shared liquidity programs, faster integration of new features, and a wider range of trading strategies, making multi-market and multi-asset trading more seamless and intuitive.

The integration of Hummingbot with Bitget is aimed at promoting both innovation and accessibility in trading. The collaboration intends to launch community-driven initiatives such as strategy hackathons, connector rewards, and further integrations with decentralized protocols and new derivatives markets. User feedback will be fundamental to shaping future developments, with a strong focus on openness, performance, and inclusivity as guiding principles.

Michael Feng, Co-Founder and Board Member at Hummingbot Foundation, highlighted the critical role of open-source algorithmic trading in advancing the crypto landscape. “Working with Bitget gives our community access to top-tier technology and helps raise the standards of liquidity and execution,” he commented. Gracy Chen, CEO of Bitget, reiterated the company’s dedication to connecting sophisticated trading infrastructure with its users. “By collaborating with Hummingbot, we can engage more algorithmic traders, promote new ideas, and help fulfill the foundation’s vision of making these resources widely available,” she remarked.

This collaboration is expected to benefit the crypto sector by increasing liquidity and minimizing slippage for traders in perpetual futures, who depend on accuracy and swift execution for optimal results. By leveraging open-source liquidity, Bitget and Hummingbot seek to steady price fluctuations and boost market efficiency, thereby drawing in more individual and institutional participants. The open-source approach also paves the way for future partnerships, putting transparency and community-led development at the forefront to create a stronger and more accessible market.

Bitget’s partnership with Hummingbot highlights the expanding significance of decentralized and community-driven projects in the cryptocurrency space. As the collaboration evolves, it is expected to drive broader adoption of open-source trading tools and foster a competitive, yet cooperative, environment for both developers and traders. This initiative also supports Bitget’s larger objectives, including its position as the Official Crypto Partner of LALIGA in key regions and its collaboration with UNICEF to bring blockchain education to 1.1 million people by 2027.