Bitget and Nansen Report Reveals $23.1B Institutional Liquidity Surge as UEX Redefines Market Access

Bitget, the world’s largest Universal Exchange (UEX), has been featured in a new liquidity analysis report in collaboration with Nansen, for its accelerating role in institutional crypto adoption. The study emphasizes Bitget's $23.1 billion trading volume, which places it second among global exchanges, and the quick growth of its institutional clientele, which positions the platform as a significant liquidity hub in the evolving digital asset market of 2025.

The report indicates that institutional participation on Bitget increased significantly this year, with institutional spot trading volume increasing from 39.4% in January to 72.6% in July. Similar trends were seen in futures activity, where market makers increased from 3% of volume at the beginning of the year to over 56.6% by the middle of the year. These shifts have coincided with record order-book depth and consistent spreads across major trading pairs, including BTC/USDT, ETH/USDT, and SOL/USDT, metrics now on par with those of the largest global exchanges.

“Bitget’s progress this year has been backed by measurable improvements. Order book depth and execution metrics now track closely with that of other CEXs, while reported institutional volume on its spot markets has risen from under 40% to over 70%. With observed tightening in spreads, greater depth, and a wider presence of funds active on the platform, Bitget appears to be evolving in line with features typically associated with institutional-grade venues,” said Nicolai Søndergaard, Research Analyst at Nansen. 

Bitget's liquidity depth is still one of the most consistent in the industry.  Bitget's Amihud illiquidity ratio of 0.0014, which is in close alignment with other top platforms, and its Roll spread estimate of 9.02 basis points, which places it close to the global median, were also highlighted in the report. Even during times of high volatility, these results demonstrate consistent order-book depth, low slippage, and tight execution.

“Liquidity is the heartbeat of any market, and institutional investors know it’s what separates speculation from structure,” said Gracy Chen, CEO at Bitget. “Our evolution into a Universal Exchange (UEX) is about giving these participants more than access; it’s about giving them confidence. We’re building an ecosystem where institutions and retail traders operate on the same solid foundation, from execution to custody.”

The platform’s institutional loan and custody infrastructure has also expanded significantly. Bitget now provides tailored lending programs offering up to $10 million USDT with flexible terms, cross-collateral support for 300+ assets, and integrations with major custodians, including Fireblocks, Copper, and OSL.

Bitget’s shift into a Universal Exchange (UEX) marks a defining phase in its growth. By bridging centralized and decentralized finance, Bitget is building a unified framework for trading, investing, and liquidity provisioning. Its combination of deep order books, institutional tooling, and tokenized market access signals a broader transformation of crypto exchanges into full-scale financial gateways.

Institutional adoption is no longer a trend, it’s the structure of the market. Execution quality and liquidity are emerging as the new standards of trust as professional funds, corporate treasuries, and exchange-traded funds (ETFs) increase their holdings. Bitget's ongoing rise in this market demonstrates its capacity to uphold institutional norms while redefining what an exchange in the UEX era can be.

To view the full report, visit here.

About Bitget

Established in 2018, Bitget is the world's largest Universal Exchange (UEX), serving over 120 million users with access to millions of crypto tokens, tokenized stocks, ETFs, and other real-world assets on a single platform. The ecosystem is committed to helping users trade smarter with its AI-powered trading tools, interoperability across tokens on Bitcoin, Ethereum, Solana, and BNB Chain, and wider access to real-world assets. On the decentralized side, Bitget Wallet runs as the leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built-in the platform. 

Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

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