Report: Bitget Surges To 7.2% Global Derivatives Market Share, Ranks Among Top 3
In Brief
Bitget, in collaboration with Bitcoin.com, has released an educational report on crypto derivatives, highlighting its rise to the third-largest global derivatives exchange with a 7.2% market share and offering a comparative analysis of CEX and DEX platforms for new market participants.
Cryptocurrency exchange Bitget, in collaboration with Bitcoin.com, has published the educational report titled “Crypto Derivatives 101 – Market Breakdown: Who’s Winning the Race?” Structured as an introductory resource for individuals entering the derivatives sector, the publication also outlines Bitget’s recent growth, noting a market share increase to 7.2% in 2025 from 4.6% earlier in the year.
According to the report, Bitget has become the third-largest derivatives exchange globally by trading volume. In April 2025, the exchange recorded $92 billion in futures transactions. Its market share growth positions it directly behind Binance and OKX. While Binance maintains a leading 38% share, Bitget’s expansion is attributed to rising retail participation and growing institutional interest, especially in Ethereum-based derivatives. Within this segment, Bitget has surpassed Binance in liquidity across specific trading intervals.
“Bitget’s growth in 2025 has been driven by a combination of targeted liquidity programs, product innovation, and a relentless focus on user-centric features,” said Gracy Chen, CEO of Bitget, in a statement to Mpost. “Our rise in ETH-based liquidity—surpassing even Binance in the ±$15 range, according to CoinGecko—reflects both tactical execution and structural enhancements,” she added.
According to the report, among the primary factors driving Bitget’s increase in derivatives market share in 2025, particularly in overtaking Binance in ETH-based liquidity, the following areas were emphasized: the implementation of aggressive liquidity incentives beginning in early 2025, including substantial maker rebates and market-making rewards targeted at high-demand assets such as ETH, XRP, and SOL, which successfully attracted active traders and liquidity providers from competing platforms.
The deployment of advanced order routing and risk management systems—including a real-time liquidation engine, tiered margin models, and latency-optimized infrastructure—enabled efficient execution of large ETH positions with reduced slippage, a feature especially valued by institutional and proprietary trading firms.
Bitget also introduced a unified product experience that served both retail and institutional participants, integrating functionalities such as one-click copy trading and a Unified Accounts System.
Furthermore, the integration of Bitget Onchain allowed users to engage with ETH and altcoin markets across multiple blockchains via the centralized exchange interface, appealing to DeFi-native users who prioritize both ease of access and asset variety.
‘Crypto Derivatives 101’ Report Offers Comparative Analysis Of CEX And DEX Trading Models For Emerging Market Participants
The “Crypto Derivatives 101” report functions as a detailed and accessible introduction to the mechanics and relevance of derivative instruments within contemporary digital asset markets. It outlines fundamental tools such as futures, options, and perpetual swaps, offering insights into how these instruments are commonly used for risk mitigation, speculative positioning, and arbitrage strategies.
One of the report’s notable aspects is its side-by-side evaluation of centralized and decentralized perpetual trading environments, covering criteria including market liquidity, slippage, fee structures, execution efficiency, and custody models. Findings indicate that platforms such as Bitget, Binance, and OKX demonstrate strong performance in liquidity depth and institutional service capabilities, while decentralized exchanges (DEXs) like GMX and Hyperliquid are recognized for their transparency and support for user-managed custody.
The report further contextualizes this analysis through the use of illustrative trading scenarios, designed to demonstrate how different platform models align with specific user objectives. A retail participant engaging in smaller-cap digital assets may prioritize features such as simplified interfaces, reduced transaction costs, and integrated fiat access, while users operating within decentralized finance (DeFi) ecosystems may opt for permissionless platforms that emphasize privacy and composability. For institutions conducting larger volume transactions, centralized exchanges (CEXs) are positioned as more suitable due to their advanced capital efficiency tools, compliance mechanisms, and structured risk management support. These applied examples contribute to the report’s utility as a practical resource for individuals entering the derivatives space.
“2025 has been a defining year where we’ve seen clear behavioral divergence between institutional and retail market participants, with both groups evolving in sophistication and strategy,” shared Gracy Chen with Mpost.
She further highlighted the most notable behavioral trends among institutional and retail derivatives traders. Institutional traders have shifted their focus toward capital efficiency rather than speculation, increasingly using derivatives as structured tools for hedging and yield generation instead of short-term bets. Strategies such as delta-neutral approaches, basis trades, and volatility arbitrage have become common among hedge funds, family offices, and DAOs.
These traders are also incorporating cryptocurrency into long-term portfolio strategies, actively managing positions with hedging overlays over extended periods, akin to traditional finance commodity or foreign exchange desks. Additionally, institutional participants prioritize platforms that provide compliance, low latency, and operational reliability, which explains the positive reception of enhanced risk management tools and upcoming unified margin accounts.
Retail traders, on the other hand, show a preference for guided trading and passive yield generation, with many opting for features like one-click copy trading and options vaults that support curated participation rather than active day trading. While these users often explore DeFi assets, they still favor trading through familiar centralized finance platforms. The development of Bitget Onchain caters to this hybrid demand by offering access to DeFi tokens combined with the speed and security provided by centralized exchange infrastructure.
Since the FTX collapse, retail users have demonstrated increased risk awareness, seeking greater transparency, improved education, and enhanced protection tools such as automated stop-loss and take-profit functions and position alerts. Overall, users have become more attentive to platform trust and risk management.
“The crypto industry has come a long way in terms of legitimacy, but education remains a key barrier,” said Eli Bordun, Partnership Director at Bitcoin.com. “This report breaks down step-by-step how the modern crypto markets function. Derivatives are often seen as tools for professionals — but they’re increasingly relevant for everyday users, DAOs, and even traditional financial players exploring the space. By working with Bitget to produce this report, we aim to demystify these instruments and support safe, informed participation in the market,” he added.
Emerging Trends In Crypto Derivatives: Tokenized RWAs, AI-Driven Trading, Regulatory Progress, And The Rise Of CeDeFi
The study outlines several developing trends expected to influence the future landscape of cryptocurrency derivatives. One of the main areas of focus is the increasing role of tokenized real-world assets (RWAs), which are being incorporated into derivatives instruments and yield-generation strategies. Another important development is the growth of AI-enhanced trading platforms that are transforming portfolio management, strategy optimization, and risk control for both retail and institutional participants. Additionally, regulatory advancements are gaining momentum, with jurisdictions such as the European Union through MiCA and Singapore via MAS establishing clearer policy frameworks that support structured innovation in the space.
It also addresses the progression of CeDeFi models, where hybrid platforms like Bitget are blending centralized features—such as secure asset custody and user-friendly interfaces—with decentralized capabilities including permissionless access and deeper integration with DeFi protocols.
“Derivatives growth brings high expectations. Bitget focuses on platform stability, regulatory readiness, and differentiated features. We’ve built real-time risk controls, secured licenses in key regions, and maintained deep liquidity on altcoins,” said Gracy Chen, CEO of Bitget, to Mpost. “Post-FTX, user trust is everything. Our transparent Proof of Reserves, margin safeguards, and evolving compliance framework position us to scale responsibly—without compromising on safety or speed,” she added.
Through this publication, Bitget and Bitcoin.com underscore their mutual objective of fostering broader market accessibility and education. As derivatives trading increasingly forms the core of digital financial systems, Bitget is presented as not only a major exchange but also a facilitator connecting emerging user segments with the evolving infrastructure of digital asset markets.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
