Bitget and Nansen report: USD 23.1 billion of new institutional liquidity – UEX opens a new era of market access

Bitget, Bitget, the world’s largest universal exchange (UEX), has been highlighted in a new liquidity intelligence report, produced in collaboration with Nansen, for its growing role in the institutional adoption of cryptocurrencies. The study highlights Bitget’s $23.1 billion trading volume, ranking it second among global exchanges, and rapid growth in the number of institutional clients, positioning the platform as a significant liquidity center in the emerging digital asset market in 2025.

The report indicates that institutional participation in Bitget has increased significantly this year, and institutional spot trading volume increased from 39.4% in January to 72.6% in July. Similar trends were observed in the case of futures contracts, where market makers participated increased from 3% of volume at the beginning of the year to over 56.6% by mid-year. These developments coincide with record order book depth and flat spreads for major trading pairs including BTC/USDT, ETH/USDT and SOL/USDT, which now rival those of the world’s largest exchanges.

Bitget’s progress this year is backed by tangible achievements. Order book depth and execution rates are now similar to those seen on other CEXs, and reported institutional volume on spot markets has increased from less than 40% to over 70%. With the observed tightening of spreads, greater depth and wider presence of active funds on the platform, Bitget appears to be evolving in line with the characteristics typical of institutional platforms. – he comments Nicolai Søndergaard, research analyst at Nansen.

Bitget’s liquidity is consistently among the most stable in the industry. The report also highlighted Bitget’s Amihud illiquidity ratio of 0.0014 – similar to other leading platforms’ ratios, as well as its rollover spread value of 9.02 basis points, which is close to the global median. Even during periods of high volatility, these results demonstrate consistent order book depth, low price slippage and precise order execution.

Liquidity is the heart of any market, and institutional investors know that it is what distinguishes speculation from structure.” – assures Gracy Chen, CEO of Bitget. “Our evolution towards a Universal Exchange (UEX) is about providing these investors with more than just access; it is with confidence. We are building an ecosystem where institutions and retail investors operate on the same solid foundations – from order execution to asset custody.

The platform’s institutional lending and asset custody infrastructure has also expanded significantly. Bitget currently offers tailored lending programs providing up to USDT 10 million on flexible terms, cross-collateralization support for over 300 assets, and integration with major custody providers including Fireblocks, Copper and OSL.

Bitget’s transition to a universal exchange (UEX) model is a decisive step in the company’s development. By combining elements of centralized and decentralized finance, Bitget creates a unified platform for trading, investing and liquidity. The combination of deep order books, institutional tools and tokenized market access signals a broader transformation of crypto exchanges into full-fledged gateways to the world of finance.

The implementation of institutional solutions is no longer just a trend, but a market structure. Execution quality and liquidity are becoming the new standards of trust as shares of professional funds, corporate treasuries and exchange-traded funds (ETFs) grow. Bitget’s continued growth in this market demonstrates the company’s ability to adhere to institutional norms and revolutionize the role of the exchange in the UEX era.

To read the full report, click here.

About Bitget

Founded in 2018, Bitget is the world’s largest universal exchange (UEX), serving over 120 million users and providing access to millions of crypto tokens, tokenized stocks, ETFs and other real-world assets on a single platform. The ecosystem aims to help users trade smarter with AI-powered trading tools, interoperability between tokens across the Bitcoin, Ethereum, Solana and BNB Chain networks, and greater access to real-world assets. In decentralized finance, Bitget Wallet is the leading non-custodial cryptocurrency wallet, supporting over 130 blockchains and millions of tokens. It offers multi-chain trading, staking, payments and direct access to over 20,000 dApps, as well as advanced swaps and market analysis features built into the platform.

Bitget drives cryptocurrency adoption through strategic partnerships, such as being the official cryptocurrency partner of the world’s best soccer league, LALIGAon the EASTERN, SEA and LATAM markets. In line with its global impact strategy, Bitget has joined forces with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the only cryptocurrency exchange that has become a partner of MotoGP™ – one of the most exciting races in the world.

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