Bitget expands beyond crypto as market liquidity fades

Bitget is expanding beyond digital assets as weaker crypto liquidity pushes exchanges toward broader financial services.

Chief Executive Gracy Chen said institutional clients increasingly want to trade stocks, commodities and crypto on one platform. They also want to use equities as collateral.

Chen said crypto liquidity has failed to recover for nearly a year. She now views Robinhood, rather than only Binance, as a key competitor.

The shift comes as Wall Street deepens its use of blockchains while trading activity remains concentrated in a smaller group of digital assets.

Institutional counterparties generated 72% of Wintermute’s over-the-counter spot flow in the first half of 2026, the market maker said.

Institutions are also more selective than retail traders. Their activity has favored Bitcoin, tokenized stocks, payments, collateral and real-world assets over broad altcoin speculation.

Bitcoin’s one-year annualized volatility fell to 42% in early August, down from 48% a year earlier and 69% in 2022.

Bitget is responding with an “everything exchange” strategy. About 20% of its average daily volume now comes from non-crypto assets, up from zero a year ago.

Chen said the broader product mix is central to the company’s effort to navigate the current bear market.

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