Bitget reports 120 million registered users worldwide and over 20 billion USDT in daily trading volume on its corporate About page. Its own August 2026 snapshot puts the total reserve ratio at 122%, above the 1:1 floor the exchange commits to maintaining every month. The Bitget statistics that follow are drawn from those disclosures plus independent market-data and on-chain trackers.
The volume figure hides the more interesting split. CoinGecko recorded $7,662,910,372 in 24-hour derivatives turnover against $838,371,813 on the spot book the same day. That is a futures venue with a spot listing attached, not a spot exchange that also sells leverage. The data below covers user scale, volume by product, per-asset reserve coverage, on-chain asset attribution, fees, market breadth, and regulatory status.
Key Takeaways
- Bitget’s per-asset reserve coverage runs from 121% on USDC to 154% on ETH, so the headline total conceals a wide spread across the four assets the exchange publishes.
- Derivatives turnover on Bitget runs roughly 9.1 times its spot turnover on the same trading day.
- DefiLlama attributes $5.706 billion in on-chain assets to Bitget wallet addresses across the blockchains it tracks.
- Bitcoin, Ethereum and Solana together hold roughly 87% of that on-chain total, a concentration Bitget’s own reserve page never breaks out.
- Bitget EU has applied for authorisation under Regulation (EU) 2023/1114 to the Austrian Financial Market Authority, whose assessment governs the timing, scope and outcome.
- The exchange has published 45 Proof of Reserves updates since the programme launched in December 2022.
- CoinGecko assigns Bitget a Trust Score of 10/10, a rating built on liquidity, scale of operations and cybersecurity score.
Editor’s Choice
- Spot 24-hour volume: $838,371,813 across Bitget’s spot markets.
- Derivatives 24-hour volume: $7,662,910,372 across its perpetual futures markets.
- Derivatives open interest: $8,804,956,828 in outstanding perpetual positions.
- Protection Fund: 5,500 BTC held as a dedicated user-loss reserve.
- Protection Fund floor: an initial size of $300 million, which Bitget commits to maintaining.
- Merkle tree scale: 47,052,070 user balance records across 26 layers in the August proof.
- Listed coins: 531 assets available on the platform.
Bitget Statistics at a Glance: Platform Scale and User Base
- Tier mix: 9 Tier 1 primaries (Bitget’s reserve, licence, protection-fund and press pages plus DefiLlama’s on-chain tracker) and 2 Tier 2 market-data pages.
- Source publication dates span February 2025 to September 2026.
- No market-research resellers and no competitor publications; figures are updated when the underlying sources publish new editions.
- Bitget has operated since 2018, and CoinGecko records the same year established of 2018 on its exchange profile.
- The company reports 120 million registered users worldwide on its corporate About page.
- It also reports over 20 billion USDT in daily trading volume across the platform.
- Bitget describes itself as the #1 largest crypto copy trading platform.
- CoinGecko lists the platform’s incorporation country code as Seychelles.
- Fiat deposits are accepted in six currencies: EUR, GBP, BRL, UAH, RUB, and TRY.
| Attribute | Value |
|---|---|
| Year established | 2018 |
| Incorporation country | Seychelles |
| Registered users | 120 million |
| Reported daily trading volume | 20+ billion USDT |
| CoinGecko Trust Score | 10/10 |
| Fiat deposit currencies | EUR, GBP, BRL, UAH, RUB, TRY |
Source: Bitget About page, CoinGecko exchange data, September 2026
Registered-user counts are the softest number any exchange publishes. A registration is not an account with a balance, and no exchange discloses the conversion between the two. Read the reserve and volume figures below as the load-bearing ones. The wallet arm carries its own separately reported totals, and the Bitget Wallet user and volume figures diverge enough from the exchange’s that the two should not be read as one franchise.
Bitget Trading Volume by Product
- Spot markets turned over $838,371,813 in 24 hours at the September 8, 2026 reading.
- CoinGecko displayed a 25.8% 24-hour reading alongside that spot figure.
- Perpetual futures turned over $7,662,910,372 in the same 24 hours.
- The derivatives book carried a 27.2% 24-hour reading on CoinGecko.
- Open interest across perpetuals stood at $8,804,956,828.
- The BTCUSDT perpetual alone carried $2,740,787,620 in open interest and $2,225,854,338 in 24-hour volume.
Derivatives turnover ran roughly 9.1 times spot turnover on the same day. That ratio is the single most useful thing in the section. It reframes what Bitget is: a leveraged-derivatives venue whose spot order book functions mainly as a settlement and onboarding surface, which is a materially different risk profile from a spot-dominant exchange. The same skew shows up in the exchange market share rankings whenever spot and derivatives are counted separately rather than pooled.
Recent Developments
- September 8, 2026: Bitget launched H100USDT and B200USDT Pre-Market Compute Perpetuals, contracts tracking NVIDIA H100 and B200 GPU rental prices.
- September 1, 2026: The exchange launched AI Smart Grid on GetAgent Playbook, an automated multi-coin strategy that selects assets, configures grid parameters, and rotates between cryptocurrencies as conditions change.
- August 27, 2026: Bitget released its August 2026 Proof of Reserves, the 45th update since the programme launched in December 2022.
- August 12, 2026: The company expanded its CFD business with Institutional-Grade Liquidity Solutions for quantitative trading teams, proprietary trading firms, funds, retail brokers and high-net-worth professional traders.
- August 5, 2026: Its tokenized equities platform Reality surpassed 2 million cumulative transactions, with July rToken trading volume up 121.95% month over month and a record 127,691 transactions in a single day.
- July 2, 2026: Bitget EU submitted an application for authorisation as a crypto-asset service provider under Regulation (EU) 2023/1114 to the Austrian Financial Market Authority.
Bitget Proof of Reserves and Reserve Ratios
- The August snapshot was taken at 2026-08-20 14:00:00 (UTC+8).
- Bitget’s total reserve ratio at that snapshot was 122%.
- The Merkle tree generated from user balances has 26 layers and 47,052,070 records.
- Bitget states it holds more than 100% of user assets in BTC, ETH, USDT, and USDC.
- Platform BTC holdings of 35,836.61 BTC covered user balances of 26,811.37 BTC.
- Platform ETH holdings of 190,089.83 ETH covered user balances of 123,688.1 ETH.
- Users can verify their own balances with MerkleValidator, an open-source tool published on GitHub.
- USDT sits at the floor: Platform holdings of 1,456,459,341 USDT against user balances of 1,453,506,874.3 USDT produce a reserve ratio of 1.00 to 1. That is the thinnest coverage of the four assets, a floor rather than a cushion.
- Platform USDC holdings of 133,100,993.96 USDC against user balances of 109,685,432.39 USDC give a 121% ratio, so USDC carries a genuine buffer where the larger stablecoin does not.
By the numbers: Bitget’s August 2026 proof covers 47,052,070 balance records at a 122% total ratio, while per-asset coverage runs from 121% on USDC to 154% on ETH. A single blended figure hides the spread beneath it, with USDT at the 100% floor while the other three assets each carry a wider cushion.
How trusted is Bitget?
- CoinGecko assigns Bitget a Trust Score of 10/10, an algorithm scoring liquidity, scale of operations, and cybersecurity.
- The exchange has published 45 consecutive monthly reserve proofs since December 2022.
Both are process signals rather than solvency guarantees, and neither is audited by an outside firm. Our cross-exchange proof-of-reserves tracker sets the same figures against rival venues.
Where Bitget’s On-Chain Reserves Sit by Blockchain
- DefiLlama attributes $5.706 billion in total assets to Bitget-controlled wallet addresses.
- Bitcoin carries the largest share at $2.339 billion.
- Ethereum follows at $1.586 billion, and Solana at $1.054 billion.
- BSC holds $397.8 million, and XRPL holds $157.3 million.
- The long tail runs down to $362,127.23 on Kaia, the smallest chain DefiLlama lists.
Bitcoin, Ethereum, and Solana together account for roughly 87% of the on-chain total that DefiLlama attributes to Bitget. DefiLlama’s wallet attribution and Bitget’s own proof measure different things, and the two should never be netted against each other: one counts balances at addresses an external tracker believes belong to the exchange, the other compares platform assets to user liabilities at a fixed snapshot. Read side by side, though, they agree on direction, which is the useful part.
Worth noting: DefiLlama’s tracker is an outside attribution of on-chain balances, not a company disclosure. It cannot see assets held off-chain, at custodians, or in wallets it has not linked to Bitget, so the $5.706 billion total is a floor on what the exchange controls rather than a complete balance sheet.
Bitget Protection Fund Size and Claim Terms
- The Bitget Protection Fund holds 5,500 BTC in a dedicated wallet.
- The fund initially had a size of $300 million, and Bitget commits to maintaining its valuation above $300 million.
- Eligibility is limited to users whose accounts are compromised or whose assets are stolen or lost due to events not attributable to their own actions or trading behavior.
- Bitget states it reserves the right to investigate compromised accounts and lost assets, with claims subject to the investigation results.
A protection fund is not deposit insurance: Bitget reserves the right to investigate any claim, and payouts are subject to the outcome of that investigation. Losses a user causes through their own actions or trading behavior fall outside the fund entirely.
Bitget Trading Fees by Product
- Spot trading costs 0.1% for both makers and takers.
- Paying fees in BGB reduces the spot rate to 0.08%.
- Futures makers pay 0.02%.
- Futures takers pay 0.06%.
- Deposits and withdrawals are both supported on the platform.
The fee schedule points in the same direction as the volume split. A maker rate on futures set at one fifth of the spot rate is a pricing decision aimed squarely at market makers in the derivatives book, and the volume figures suggest it has worked.
Bitget Market Coverage: Coins, Pairs and Contracts
- CoinGecko counts 531 coins listed on Bitget.
- Spot markets span 598 trading pairs.
- The perpetuals book carries 850 pairs.
Bitget Regulatory Licences by Jurisdiction
- Australia registration sits with the Australian Transaction Reports and Analysis Centre as a digital currency exchange provider.
- El Salvador granted both a Bitcoin Service Provider licence through the Central Reserve Bank and a Digital Asset Service Provider licence through the National Commission of Digital Assets.
- The UK position is an FCA-approved platform partnering with an Authorized Person for the purposes of Section 21 of the Financial Services and Markets Act 2000.
- Georgia’s Tbilisi Free Zone approval from the National Bank of Georgia covers digital asset exchange, wallet service, and custody service provision.
- Bitget also lists virtual asset service provider status in Argentina under the Comisión Nacional de Valores, Vulnerable Activity registration in Mexico with the Tax Administration Service, and AML self-regulatory organisation membership in Switzerland.
- Bulgaria’s licence came from the National Revenue Agency in February 2025, covering exchange, trading, transfer, custody, and public offering of crypto assets as well as wallet services.
| Jurisdiction | Licence or approval | Regulator |
|---|---|---|
| Australia | Digital currency exchange provider registration | AUSTRAC |
| El Salvador | Bitcoin Service Provider and Digital Asset Service Provider | Central Reserve Bank; National Commission of Digital Assets |
| UK | FCA-approved platform partnered with an Authorized Person under Section 21 FSMA 2000 | Financial Conduct Authority |
| Georgia (Tbilisi Free Zone) | Digital asset exchange, wallet and custody services | National Bank of Georgia |
| Argentina | Virtual asset service provider | Comision Nacional de Valores |
| Mexico | Vulnerable Activity registration | Tax Administration Service |
| Switzerland | AML self-regulatory organisation member | FINMA-recognised SRO |
Source: Bitget regulatory licence page, September 2026
Bitget’s Chief Legal Officer framed the European build-out in the Bulgaria announcement. The successful application for the VASP licence in Bulgaria is a part of Bitget’s expansion strategy to serve users across the European Union, said Hon Ng. The company also named approvals in Poland, Italy, Lithuania and the UK alongside the Bulgarian licence. Readers comparing venues will find the wider picture in our breakdown of licensing requirements exchanges face worldwide.
Bitget’s MiCA Authorisation Status in the European Union
- Bitget EU has submitted an application for authorisation as a crypto-asset service provider under Regulation (EU) 2023/1114 on Markets in Crypto-Assets to the Austrian Financial Market Authority.
- The Austrian FMA is named as the competent authority in Austria for that application.
- Bitget states it intends to provide crypto-asset services in the European Union once the required authorisation is granted and all applicable regulatory steps have been completed.
- The company notes that the timing, scope and outcome of the authorisation process remain subject to the FMA’s assessment.
- Existing customers are told their access continues to be governed by applicable contractual and legal arrangements as disclosed by Bitget Global online.
- The notice was published on 2026-07-02.
| Item | Status |
|---|---|
| Applicant entity | Bitget EU |
| Regulation | Regulation (EU) 2023/1114 (MiCAR) |
| Competent authority | Austrian Financial Market Authority (FMA) |
| Application status | Submitted; authorisation not yet granted |
| Notice published | July 2, 2026 |
Source: Bitget MiCAR authorisation notice, July 2026
Why it matters: Bitget’s notice states that nothing in it should be understood as an approval, endorsement, confirmation or indication by the FMA of the likely outcome of the application. A filing under Regulation (EU) 2023/1114 is not a passport, and the difference decides which EU-facing services a venue may lawfully offer.
Month-over-Month Change in Bitget User Holdings
- August user holdings stood at 26,811 BTC, 123,688 ETH, 1,453,506,874 USDT and 109,685,432 USDC.
- Compared with July, BTC holdings remained broadly unchanged.
- ETH holdings increased by 10% over the same month.
- USDT holdings decreased by 13%.
- USDC holdings decreased by 4%.
| Asset | August 2026 user holdings | Change vs July |
|---|---|---|
| BTC | 26,811 BTC | Broadly unchanged |
| ETH | 123,688 ETH | +10% |
| USDT | 1,453,506,874 USDT | -13% |
| USDC | 109,685,432 USDC | -4% |
Source: Bitget press release, August 27, 2026
Stablecoin balances falling in the same month that ETH balances rose is the ordinary shape of a rotation out of cash and into an asset, not a withdrawal signal. Reading a single month either way would be a mistake; the series is worth watching across the next three proofs.
Which country is Bitget based in?
CoinGecko records Bitget’s incorporation country code as Seychelles, and the company datelines its press releases from Victoria, Seychelles. Its licences and registrations sit elsewhere, in Australia, El Salvador, the UK, Georgia, Argentina, Mexico and Switzerland, so the jurisdiction that governs a given service depends on the entity offering it rather than on where the group is incorporated.
What are the risks of using Bitget?
Three are in the exchange’s own disclosures. Its EU entity has filed an application under Regulation (EU) 2023/1114 whose timing, scope and outcome remain subject to the FMA’s assessment. Protection Fund payouts are subject to Bitget’s investigation of each claim, with claims subject to the investigation results rather than to an external insurer. And reserve coverage is uneven: USDT is covered at a ratio of 1.00 to 1, the thinnest per-asset coverage on the platform and the floor rather than a buffer.
Conclusion
Bitget’s numbers describe a large, derivatives-led venue that publishes a lot about itself. 120 million registered users, a 122% total reserve ratio, 45 monthly Proof of Reserves updates and a 5,500 BTC Protection Fund add up to an unusually detailed disclosure record, while the 9.1 times gap between derivatives and spot turnover shows where the business actually sits.
The open question is regulatory rather than financial. Bitget’s European entity is waiting on the Austrian FMA, its licence footprint is a patchwork of national registrations rather than a single passport, and its reserve cushion is thinnest on USDT, the one asset of the four sitting at the coverage floor rather than above it. Traders comparing venues get the most from these figures by reading the per-asset ratios and the pending EU application together, rather than the headline totals alone.