Bitget reported nearly $70 billion in traditional finance perpetual contract trading during Q2, positioning itself just behind Binance, which led with about $380 billion, according to TokenInsight's latest exchange report.
Growth and Market Dynamics
Trading volumes for TradFi perpetuals surged from $52 billion in January to $268 billion in June, making up over 15% of total derivatives trading volume on peak days. Initially, commodity-linked contracts dominated this segment, but equity perpetuals overtook them, jumping from $45 billion in May to $141 billion in June.
Bitget's share in this market accounted for 8.61% of its total derivatives volume in the quarter, closely trailing Binance's 8.65%. The exchange increased its futures open interest share from 7.81% in Q1 to 8.58% in Q2, marking one of the strongest gains tracked by TokenInsight. OKX and MEXC followed Bitget with roughly $69 billion each in TradFi perpetual volumes.
Industry-wide, crypto exchange trading volume decreased by 8% quarter over quarter to $16.5 trillion, even as TradFi perpetual trading nearly quintupled in the first half of the year.
Bitget also advanced offerings by launching IPO Prime and Stocks 2.0, expanding access to tokenised equities and pre-IPO products. This move aligns with a broader industry trend, as Binance, Bybit, Gate, MEXC, and OKX also introduced or expanded tokenised securities and stock trading options during the same period.
Bitget's CEO, Gracy Chen, emphasized the demand for unified platforms, stating investors seek smooth access to both crypto and traditional finance products.
The content is for informational purposes and does not constitute financial advice.
