According to the CoinGlass 2026 Semi-Annual Cryptocurrency Derivatives Market Report, Bitget was ranked among the top cryptocurrency derivatives exchanges for market liquidity during the first half of 2026.
Bitget's liquidity depths
Amid a wider slowdown in derivatives trading, the exchange placed second in Ethereum (ETH) liquidity depth and fourth in Bitcoin (BTC). Bitget recorded $81.37 million in ETH order-book depth within 1% of the mid-price, which accounted for 21.4% of the liquidity measured across the exchanges surveyed, according to the report.
Within the same range, Bitget reported $71.70 million in order-book depth for Bitcoin, ranking fourth with a 13.4% share. In the first half of the year, there was less trading activity in the cryptocurrency derivatives market, which coincided with the rankings. In the first half of 2026, average daily open interest decreased by 10%, while total derivatives trading volume decreased by 15.7% year over year, according to CoinGlass.
The smaller drop in open interest indicates that traders held onto their current positions in spite of a decline in market activity, underscoring the significance of order-book depth and execution quality for market players. "Even when overall trading activity moderates, the derivatives markets remain sensitive to volatility," stated Bitget CEO Gracy Chen.
Insitutional volumes dominate
"In this context, liquidity depth has emerged as a key indicator of an exchange's performance and level of trust." The report comes after Bitget's trading infrastructure was updated in a number of ways to help professional and institutional market players. According to internal data, the company reported that by the end of 2025, institutional clients made up 82% of its spot trading volume.
Bitget also updated its PRO and Liquidity Incentive Programs earlier this month, bringing about modifications to market-making conditions, trading fees, and liquidity incentives for both tokenized traditional financial products and cryptocurrency. CoinGlass also emphasized Bitget's involvement in tokenized traditional finance products outside of cryptocurrency markets.
Of the five exchanges included in that section of the report, the exchange recorded $66.41 billion in TradFi perpetual contract volume during H1 2026, or a 5.5% share. The numbers show that trading traditional financial exposure through crypto-native platforms is still in demand.
According to Bitget, it is still growing its Universal Exchange model, which integrates traditional financial products, tokenized assets, and cryptocurrencies into a single trading environment. The company stated that as market participation changes, continued investments in pricing technology, execution systems, and liquidity infrastructure are meant to support trading across various asset classes.
U.Today Editorial Team
Dan Burgin
