Bitget partners with XTRD to offer seamless trading corridor for institutional investors
Enabling institutional traders to easily access and trade Bitget’s products
XTRD is pleased to announce its partnership with Bitget, one of the leading derivatives exchange, to enable institutional traders to easily access Bitget’s products and trade with programme trading, benefiting the expansion of user base with more institutional users.
Commenting on the cooperation, Managing Director of Bitget, Gracy Chen said, “We are glad to partner with XTRD, an expert in building trading corridors between institutional users and exchange platforms. This partnership will enable us to better meet investors’ demands for fast transaction, precise and timely data and asset security.”
“Institutions are in a constant search for quality liquidity and solid product offering and we believe that Bitget will fully fulfill their expectations. Bitget is very dynamic and we are happy to have them as an integral part of our OEMS for digital asset trading,”said Serg Gulko, CEO of XTRD.
“As the crypto market matures with increasing institutional participation, demand for crypto derivatives trading is huge. We are better positioned to extend our services and products to a new user base and attract more institutional investors. Looking forward, we will make persistent efforts to hone our products and cooperate with more partners specialised in different fields to benefit from their expertise,” said Gracy.
According to a recent report by BCG, Bitget and Foresight Ventures, the quarterly crypto derivative trading volume expanded twelvefold to $6.3 trillion in the two years to the first quarter of 2022. Institutional investors come to derivative trading for different benefits, such as flexibility to apply more trading strategies and higher capital efficiency.
Equipped with innovative futures trading products and social trading services, Bitget has become one of the world’s largest crypto derivatives and copy trading exchanges, ranking top five in the globe according to CoinGecko. Its flagship product, One-Click Copy Trade has amassed over 55,000 professional traders and around 1.1 million followers with its copy trading products. Recently, the exchange also launched its protection fund to rebuild the trust of investors in a gloomy market.
Established in 2018, Bitget is one of the world’s leading cryptocurrency exchanges with a core focus on social trading. Currently serving over two million users in more than 50 countries around the world, Bitget accelerated its mission to promote decentralised finance with a 600-strong workforce.
Since Bitget’s official launch in the crypto derivatives market in June 2019, the platform has now become one of the world’s largest crypto copy trading and derivatives exchanges, and is ranked in the top five globally by CoinMarketCap and CoinGecko for derivatives trading by volume. The leading exchange focuses on transforming the way people connect and trade with social trading. Its flagship offering, One-Click Copy Trade, is nothing short of a pioneer in social trading, and has amassed over 55,000 professional traders, with approximately 1.1 million followers, innovating the experience for crypto derivatives traders worldwide.
Adhering closely to its philosophy of ‘Better Trading, Better Life’, Bitget is committed to providing comprehensive and secure trading solutions to users globally, aiming to be the portal that transcends Web2 and Web3, that connects CeFi and DeFi, resulting in an expansive bridge to the vast web of crypto. In September 2021, Bitget announced its sponsorship of world-renowned football team Juventus as its first-ever sleeve partner and PGL Major’s official esport crypto partner soon after. Partnerships with the leading esports organisation, Team Spirit, and Turkey’s leading and long-standing football club, Galatasaray, were also announced in early 2022.