Bitget Ranks Second In Top Crypto Derivatives Liquidity In H1 2026: CoinGlass
Bitget has firmly established its position as one of the top liquidity providers for Bitcoin and Ethereum derivatives trading in the first half of 2026, as revealed in the latest report on crypto derivatives market performance by CoinGlass. The results follow industry-wide decline in overall derivatives trading activity, with better quality/depth of execution becoming more important.
Bitget Shines In Crypto Derivatives Market
The report revealed that Bitget’s Ethereum order-book size for ±1% range had the second largest depth. Among exchanges that were studied, the exchange had $81.37 million in ETH liquidity, which represents 21.4% of the liquidity. Bitget was the next best, trailing only Binance.
Bitget was ranked 4th in terms of order book depth with $71.70 million, with a margin of ±1% from the mid price in Bitcoin. This accounted for 13.4% of total liquidity combined across the listed trading platforms.
CoinGlass also pointed to downtrend trading conditions in the first six months of this year. The average daily cryptocurrency derivatives trading volume and open interest in H1 2026 fell by 15.7% and 10.0% year over year, respectively. The decline in the open interest was less than the trading volume, signaling that market participants purchased and sold trades during sluggish trading activity, which further highlighted the need for deep liquidity to execute trades.
“The derivatives markets remain sensitive to volatility even when overall trading activity moderates,” stated Gracy Chen, CEO of Bitget. “In this environment, liquidity depth has become a core measure of exchange’s trust and performance.”
A Surge In Institutional Participants
In addition, Bitget also noted that its platform was witnessing an increase in institutional participation. According to the internal data, by December 2025, the spot trading volume of the exchange was 82% institutional investors. The company has previously announced upgrades to its PRO and Liquidity Incentive Programs, which included a revision to trading fee, market-making incentive, and liquidity support offers on all digital asset and traditional financial market products earlier this month.
The CoinGlass report also documented Bitget’s growth in the traditional finance sector products. In the H1 2026, the exchange recorded $66.41 billion in the trading volume of TradFi perpetual contracts, making up 5.5% of the trading volume of the five exchanges evaluated in the category.
The numbers represent the growing market appetite for traditional market exposure via Bitget’s crypto-native trading infrastructures, as the company advances its Universal Exchange model across the crypto, tokenized asset and traditional financial markets.
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