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Bitcoin News Update: Institutional Momentum Propels Bitget to Become Crypto’s Second Major Player

Bitcoin News Update: Institutional Momentum Propels Bitget to Become Crypto’s Second Major Player

Bitget-RWA2025/10/29 21:10
By:Bitget-RWA

- Bitget became the second-largest crypto exchange in 2025 with $23.1B volume, driven by 80% institutional trading activity. - Institutional spot trading on Bitget surged from 39.4% to 72.6% by July 2025, improving liquidity metrics and order book depth. - The exchange expanded institutional services like USDT-backed loans and custody partnerships with Fireblocks, attracting $2.6M from Laser Digital. - Regulatory shifts (U.S. SAB 121 repeal, MiCA) and BlackRock's $88B Bitcoin ETF accelerated institutional

According to a

, institutional traders are now responsible for 80% of Bitget’s total trading activity. This notable increase in institutional participation has elevated Bitget to the position of the world’s second-largest cryptocurrency exchange, recording $23.1 billion in trading volume for 2025, as stated by . This development mirrors a wider industry movement, with platforms such as Binance, OKX, and Crypto.com competing to attract more professional and institutional users.

CoinEdition reported that Bitget’s institutional spot trading share climbed from 39.4% in January to 72.6% by July 2025, while institutional involvement in the futures market surged from 3% to 56.6% during the same timeframe. These advances have enhanced liquidity, resulting in narrower bid-ask spreads and more robust order books for major trading pairs like BTC/USDT and ETH/USDT, putting Bitget on par with competitors like Binance and OKX, according to a

. Nansen’s research pointed out Bitget’s Amihud Illiquidity Ratio of 0.0014 and a Roll Spread Estimate of 9.02 basis points, figures that match industry standards, as noted by CoinEdition.

Bitcoin News Update: Institutional Momentum Propels Bitget to Become Crypto’s Second Major Player image 0

To better serve institutional clients, Bitget has broadened its offerings, including USDT-based lending programs that provide up to $10 million in loans with adaptable repayment options, according to CoinEdition. The exchange’s partnerships for asset custody with Fireblocks, Copper, and OSL further highlight its commitment to institutional-grade infrastructure, CoinEdition reported. Laser Digital and Fenbushi Capital have become leading sources of institutional inflows, with Laser Digital depositing $2.6 million and Fenbushi achieving a 100% net efficiency ratio, as CoinEdition detailed.

Bitget’s expansion is part of a broader shift in the market. Centralized exchanges are now seeing institutions contribute nearly 80% of total trading volume, the Cointelegraph report revealed. The U.S. spot

ETF sector, led by BlackRock’s iShares Bitcoin Trust with $88 billion in assets, has further fueled institutional engagement, CoinEdition noted. Regulatory changes, such as the U.S. reversal of SAB 121 and the implementation of Europe’s MiCA rules, are strengthening institutional trust, according to CoinEdition. Experts forecast that institutional Bitcoin holdings could reach 4.2 million by 2026, representing about 20% of the total supply, CoinEdition projected.

Bitget CEO Gracy Chen described liquidity as “the lifeblood of any market,” as reported by BeInCrypto. The exchange’s Universal Exchange (UEX) framework is designed to connect centralized and decentralized finance, providing comprehensive liquidity, institutional-grade tools, and tokenized assets on a single platform, CoinEdition stated. In the first half of 2025, Bitget’s average monthly trading volume reached $750 billion, with derivatives making up 90% of the activity, according to CoinEdition.

The rise in institutional trading has heightened rivalry among exchanges. Binance, the largest centralized exchange, saw its spot trading volume jump by 61% in July to $698.3 billion, the Cointelegraph report indicated. At the same time, OKX’s acquisition of a MiCA license and its partnership with Standard Chartered for institutional custody services underscore the growing appetite for crypto among European institutions, as reported by

.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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