Singapore-based cryptocurrency exchange BitGet has seen increasing participation from institutional investors, with institutional traders accounting for about 80% of total trading volume as of September, according to a report conducted by BitGet in collaboration with blockchain analytics platform Nansen.
The report noted that trading by institutional investors in Bigget’s spot market increased from 39.4% of total trading volume on January 1 to 72.6% by July 30. An even more dramatic change was seen in futures trading, with institutional market makers increasing from just 3% of trades at the beginning of 2025 to 56.6% by the end of July.
The study identified liquidity as a key measure of institutional adoption of cryptocurrencies, noting that Bitget’s order book depth, spreads, and execution quality are now on par with competitors 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 large changes in price.
Laser Digital and Fenbushi Capital led institutional inflows to Bitget, accounting for the majority of positive net inflows to the exchange, according to Nansen’s on-chain data.
Influx of institutional investors into Bitget. sauce: Bigget Nansen Report
In the first half of this year, Bigget’s monthly trading volume averaged about $750 billion, with derivatives accounting for about 90%. According to the report, financial institutions account for about half of all derivatives trading.
In contrast, spot trading volume on Binance, the world’s largest centralized cryptocurrency exchange, rose from $432.6 billion in June to $698.3 billion in July, a 61% month-on-month increase, Coingecko data showed.
Top 10 Centralized Exchanges by Market Share, July 2025. source: coin gecko
Related: Binance Wallet partners with Bubblemaps to help fight insider crypto trading
Exchanges cater to institutional investors
As institutional adoption of cryptocurrencies surges throughout 2025, cryptocurrency exchanges are competing for market share in a variety of ways.
In January, Crypto.com unveiled an institutional trading platform featuring support for over 300 trading pairs and advanced trading strategies customized for institutional investors, marking the company’s deeper foray into Wall Street.
In September, Binance announced a “crypto-as-a-service” platform for licensed banks, stock exchanges, and brokerages, giving traditional financial institutions direct access to liquidity, futures, and custodial infrastructure.
In October, OKX announced a partnership with Standard Chartered to launch a collateral mirroring program in the European Economic Area, allowing institutional investors to store their crypto assets directly in Standard Chartered’s custody arm.
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