The cryptocurrency exchange Bitget has reported a remarkable increase of 21% in futures trading volume in its transparency report for May 2025. This increase has catapulted Bitget to the third place among cryptocurrency exchanges, which is particularly significant in the context of the overall market consolidation in the crypto sector. Here are some key information and implications for investors:
Background and Market Development
- Consolidating Crypto Market: In May 2025, the total market capitalization of cryptocurrencies fluctuated between a peak of $3.6 trillion and a closing value of $3.28 trillion. The daily trading volume averaged $84.44 billion.
- Bitget’s Growth: Despite the overall market consolidation, Bitget experienced growth in trading activities. The futures trading volume increased by 26%, resulting in an overall trading volume increase of 21% for Bitget.
Significance for Investors
- Ranking and Market Share: According to Coingecko, Bitget is now the world’s third-largest cryptocurrency exchange by spot volume, behind Binance and Bybit, with an estimated market share of 8.9%.
- New Users: In May, Bitget gained over 500,000 new users, raising the total number of new arrivals in the second quarter of 2025 to over 2 million.
- Financial Stability: Bitget recorded an industry-leading proof-of-reserves ratio of 192% and a protection fund that reached a new high of $725 million. This indicates strong financial stability and security for investors.
Conclusion
The increase in futures trading volume at Bitget and its entry into the top 3 cryptocurrency exchanges are positive developments that investors in the crypto market should note. Bitget’s ability to grow in a consolidating market could be a sign of the platform’s attractiveness and stability.