Institutional traders now drive 80% of Bitget’s volume: Report

Singapore-based crypto exchange Bitget has seen an uptick in institutional participation, with institutional traders now accounting for roughly 80% of total volume as of September, according to a report by Bitget in collaboration with blockchain analytics platform Nansen.

The report noted that institutional activity on Bitget’s spot markets climbed from 39.4% of total volume on Jan. 1 to 72.6% by July 30. Futures trading saw an even more dramatic shift, with institutional market makers growing from just 3% of activity at the start of 2025 to 56.6% by late July.

The study identified liquidity as the key measure of institutional adoption in crypto, noting that Bitget’s order-book depth, spreads and execution quality now match peers such as Binance and OKX across major trading pairs.

In financial markets, liquidity refers to how quickly and easily an asset can be traded without causing a significant change in its price.

Laser Digital and Fenbushi Capital led institutional inflows on Bitget, accounting for the majority of positive net flows to the exchange, according to onchain data from Nansen.

Institutional inflows on Bitget. Source: Bitget-Nansen report

During the first half of the year, Bitget averaged around $750 billion in monthly trading volume, with derivatives accounting for about 90%. According to the report, institutions make up roughly half of derivatives activity.

In comparison, Binance, the world’s largest centralized crypto exchange, saw its spot trading volume climb to $698.3 billion in July from $432.6 billion in June, an increase of 61% month over month, data from Coingecko shows.

Top 10 centralized exchanges by market share, July 2025. Source: Coingecko

Related: Binance Wallet partners with Bubblemaps to help fight insider crypto trading

Exchanges cater to institutional investors

As institutional adoption of crypto has surged throughout 2025, crypto exchanges are competing for market share in a variety of ways.

In January, Crypto.com announced an institutional trading platform featuring over 300 trading pairs and support for advanced trading strategies tailored to institutional investors, signaling the company’s deeper push into Wall Street.

In September, Binance unveiled a “crypto-as-a-service” platform for licensed banks, stock exchanges and brokerages, giving traditional finance institutions direct access to its liquidity, futures and custody infrastructure.

OKX announced in October a partnership with Standard Chartered to launch a collateral-mirroring program in the European Economic Area, enabling institutional clients to store their crypto assets directly with Standard Chartered’s custody arm.

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