- Bitget ranked second in ETH liquidity depth and fourth in BTC liquidity depth in H1 2026.
- CoinGlass data shows Bitget held 21.4% of analyzed ETH liquidity depth.
- The exchange expanded institutional growth and TradFi product offerings during H1 2026.
Bitget became one of the top crypto derivatives exchanges in the first half of 2026, ranking second for Ethereum (ETH) liquidity depth and fourth for Bitcoin (BTC) liquidity depth. This was revealed in the latest CoinGlass 2026 Semi-Annual Cryptocurrency Derivatives Market Report.
The report comes as crypto derivatives trading has slowed, making strong liquidity and smooth trade execution important for institutional and retail traders.
Bitget Secures Second Place in ETH Liquidity
CoinGlass reported that Bitget recorded $81.37 million in ETH order-book depth within ±1% of the mid-price. This represented 21.4% of the liquidity among the exchanges analyzed. The figure placed Bitget second only to Binance in Ethereum liquidity depth.
For Bitcoin, Bitget recorded $71.70 million in order-book depth within ±1%. This accounted for a 13.4% market share and ranked the exchange fourth among the platforms included in the report.
Liquidity depth measures the amount of buy and sell orders available near the market price. It is an indicator of an exchange’s ability to process large trades with limited price impact.
Lower Activity in Crypto Derivatives Market
The CoinGlass report found that the crypto derivatives market became more selective during the first half of 2026.
Total crypto derivatives trading volume declined 15.7% year over year, while average daily open interest fell by 10%. The difference suggests that market participation cooled faster than outstanding risk exposure, increasing the importance of liquidity depth and execution quality.
The trend increased demand for exchanges that can provide deeper liquidity and more efficient execution.
Commenting on the results, Bitget CEO Gracy Chen said liquidity has become a more important measure of exchange reliability as markets remain sensitive to volatility.
“The derivatives markets remain sensitive to volatility even when overall trading activity moderates. In this environment, liquidity depth has become a core measure of exchange’s trust and performance,” Chen said.
Institutional Growth and TradFi Expansion
Bitget said its strong liquidity performance was driven by increased institutional activity on the platform. As of December 2025, institutional traders made up 82% of its spot trading volume, according to the exchange’s internal data.
The exchange also recently upgraded its PRO and Liquidity Incentive Programs, offering better trading costs, market-making benefits, and liquidity rewards across crypto and traditional financial products.
The CoinGlass report also highlighted Bitget’s growth in traditional finance-related products. In the first half of 2026, the exchange recorded $66.41 billion in TradFi perpetual contract trading volume, capturing a 5.5% share among the five exchanges reviewed.
Bitget said these results mark its continued focus on improving trading infrastructure as it develops its Universal Exchange model, which aims to bring cryptocurrencies, tokenized assets, and traditional financial products together on one platform.
Related: Bitget Earns Dual CFD Honors as It Expands Multi-Asset Trading
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