TradFi perpetuals helped Bitget post nearly $70 billion in second-quarter volume, putting it behind only Binance, according to TokenInsight.
The report said this market has become one of the fastest-growing product areas for crypto exchanges. Meanwhile, exchanges are pushing beyond crypto-native assets with tokenised equities, commodities, ETFs and pre-IPO products. TokenInsight said the segment has shifted from a trial product into an established competitive market.
TradFi Perpetuals Gain Speed Across Exchanges
TradFi perpetuals volume rose from $52 billion in January to $268 billion in June, the report showed. On several peak trading days, the segment made up more than 15% of total derivatives volume. Overall crypto exchange trading volume, however, fell 8% from the prior quarter to $16.5 trillion.
Commodity-linked contracts drove early activity. However, equity perpetuals later became the main growth engine. Their volume jumped from $45 billion in May to $141 billion in June.
Bitget Trails Binance in Q2 Volume
Binance led the market with about $380 billion in quarterly TradFi perpetuals volume and around 60% market share. Bitget ranked second with nearly $70 billion. OKX and MEXC followed close behind, with about $69 billion each.
For Bitget, TradFi perpetuals made up 8.61% of its total derivatives volume in the quarter. That was one of the highest rates among major centralised exchanges, just below Binance’s 8.65%. Additionally, Bitget held a top-three spot in both commodity and equity perpetuals.
Its share of futures open interest also rose to 8.58% in Q2 from 7.81% in the first quarter. TokenInsight counted that as one of the strongest gains it tracked.
Bitget launched IPO Prime and Stocks 2.0 during the quarter. That move matched a wider push across the industry to widen access to tokenised equities and pre-IPO products. During the same period, Binance, Bybit, Gate, MEXC and OKX also rolled out or expanded stock trading, tokenised securities and related products.
Bitget CEO Gracy Chen said the data shows the market is moving closer to the firm’s Universal Exchange vision, as investors seek access to crypto and traditional finance opportunities on one platform.
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Source: Finance Magnates
