Bitget's August transparency report reveals its top-three ranking among global centralized exchanges for Bitcoin and Ethereum open interest, with significant derivatives trading volumes and institutional adoption.

Executive Summary

Bitget's August 2025 transparency report indicates its strong position in the cryptocurrency exchange market. The platform ranks among the top three global centralized exchanges (CEXs) for open interest in both Bitcoin (BTC) and Ethereum (ETH). This is coupled with substantial derivatives trading volumes and increasing institutional participation.

The Event in Detail

Bitget's August 2025 transparency report highlights key advancements in its core business areas. Data from The Block and Coinglass confirms that Bitget ranks within the top three CEXs globally regarding open interest in BTC and ETH. Bitget's BTC open interest exceeded $10 billion, while ETH open interest ranged from $5 billion to $7 billion, reaching $6 billion by the end of August.

Market Implications

Bitget's strong performance in open interest and trading volumes suggests a robust user base and market presence. CoinDesk's Market Data Depth Report indicates Bitget leads the market in ETH and SOL liquidity. Between November 2023 and June 2025, Bitget recorded a cumulative $11.5 trillion in derivatives volume, with monthly volumes averaging $750 billion in 2025, nearly 90% from derivatives. Increased open interest in BTC and ETH could potentially lead to higher price volatility for these assets.

Expert Commentary

According to CoinDesk’s analysis, Bitget's success can be attributed to its upgraded product stack, including its Liquidity Incentive Program, institutional lending suite, and a unified margin system. Institutional users accounted for 80% of spot volumes and 50% of derivatives volume in the first half of 2025, leading to a doubling of assets under management year-to-date.

Broader Context

Bitget's native BGB token was recognized as the third-most traded spot asset after BTC and ETH, contributing to the exchange's highest-ever spot market share of 5.2% in May. This performance positions Bitget as a significant player among global exchanges, competing with platforms like Binance, Bybit, and OKX. TokenInsight's Q2 2025 report notes that Bitget was one of the few platforms to post growth in both spot and derivatives market share, backed by growing institutional interest in its structured products. Furthermore, Bitget's average BTC slippage was reported at just 0.0074% for $100K trades, placing it among the top three globally for execution quality, demonstrating its ability to absorb institutional-sized orders without destabilizing prices.

Binance remains the leading centralized exchange by volume, holding 35.39% of total trading activity and topping open interest at 23.83%, according to TokenInsight's Q2 2025 report. Coinbase continues to lead in compliance and institutional trust, even as its global market share remains modest.

Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027.