Bitget Monthly Transparency Report: November 2025

TLDR;

- UEX Expansion Continues: Bitget became the first centralized exchange to integrate Morph Chain into its onchain ecosystem, expanding Layer-2 access and reinforcing its multi-chain UEX architecture.

- Stock Futures Scale Rapidly: Cumulative trading volume for Bitget’s stock futures exceeded $5 billion, with U.S. stock futures alone crossing $10 billion, highlighting sustained demand for tokenized equity exposure.

- Capital Confidence Holds Firm: Bitcoin reserves grew to approximately 34,000 BTC, even as industry-wide exchange reserves declined, signaling strong user trust during heightened volatility.

- Derivatives Leadership Maintained: Bitget captured around 6.16% of global derivatives market share, ranking within the top four venues globally during a volatile macro environment.

- Wallet Utility Deepens: Zero-fee crypto card expansion across 50 markets, new bank transfer rails in Nigeria and Mexico, and Earn TVL surpassing $80 million strengthened Bitget Wallet’s real-world and onchain usability.

- Education, CSR, and Community: From disaster relief in Hong Kong and Cebu to Blockchain4Youth activations and global events, Bitget continued to pair growth with social responsibility and grassroots engagement.

Introduction

November 2025 further demonstrated how Bitget’s Universal Exchange (UEX) strategy is translating into measurable scale, resilience, and relevance across both crypto-native and traditional financial markets. As volatility returned to global markets and Bitcoin retraced from October highs, Bitget continued to expand its ecosystem in ways that balanced liquidity depth, infrastructure growth, and real-world usability.

The month was marked by meaningful advances across multiple layers of the platform. Bitget became the first centralized exchange to integrate Morph Chain into its onchain ecosystem, extending Layer-2 access while simplifying user interaction with emerging blockchain infrastructure. At the same time, Bitget’s tokenized stock derivatives continued to gain traction, with cumulative stock futures volume surpassing $5 billion, underscoring growing appetite for crypto-native access to traditional equities.

Market data reinforced this momentum. While industry-wide Bitcoin reserves on centralized exchanges continued to trend downward, Bitget’s reserves climbed steadily toward 34,000 BTC, reflecting sustained capital confidence during periods of downside volatility. In derivatives, Bitget maintained a top-four global market share, supported by consistent liquidity conditions and globally distributed trading activity.

Beyond trading metrics, November highlighted how UEX extends into payments, self-custody, compliance, and community. From zero-fee crypto card expansion and new bank transfer corridors to legal recognition, AI-driven education initiatives, and disaster relief efforts, Bitget continued to evolve as a unified financial ecosystem rather than a single-product exchange.

Monthly Highlights

Bitget Integrated Morph Chain Into Its Onchain Ecosystem

Bitget expanded its onchain ecosystem by integrating Morph Chain, making it the first centralized exchange to do so, enabling users to access additional Layer-2 infrastructure through Bitget Onchain. The integration focused on improving scalability, transaction efficiency, and interoperability for onchain applications, while allowing users to interact with emerging blockchain networks directly from Bitget’s interface. This development reflected Bitget’s ongoing efforts to support multi-chain access and provide transparent entry points into decentralized ecosystems.

Bitget “Ask Satoshi” Report Highlighted Global Crypto Curiosity Trends

Bitget released the “Ask Satoshi” global report, analyzing user interactions with its AI-powered GetAgent feature that simulated conversations with Bitcoin’s anonymous creator. The report compiled anonymized data on user questions and engagement patterns, revealing recurring themes around Bitcoin’s purpose, regulation and long-term adoption. The findings offered insight into how global users interpret crypto narratives and evolving market sentiment, while demonstrating the use of AI as an educational and analytical tool within Bitget’s unified platform.

Bitget Legal Team Recognized With Multiple 2025 Industry Awards

Bitget’s legal and compliance team received multiple industry recognitions in 2025 for its work in regulatory engagement, risk management and corporate governance. The awards reflected contributions to licensing efforts, policy alignment and internal compliance frameworks across multiple jurisdictions. These recognitions highlights Bitget’s focus on strengthening legal infrastructure as part of its broader transparency, security, and regulatory readiness initiatives.

Bitget Stock Futures Trading Volume Surpassed $5 Billion

Bitget reported cumulative trading volume for its stock futures exceeding $5 billion, reflecting sustained user activity in tokenized stock derivatives. The products allow users to gain synthetic exposure to major global equities through perpetual futures contracts, operating beyond traditional market hours. The milestone highlighted growing demand for stock-linked derivatives within digital asset markets and reinforced the role of tokenized financial instruments within Bitget’s Universal Exchange (UEX) model.

Growth in Data

Exchange Reserve Expansion Signals Sustained Capital Confidence

On-chain data from CryptoQuant shows that Bitget’s Bitcoin reserves continued to expand through November, extending a multi-month accumulation trend despite heightened market volatility. Bitcoin reserves on Bitget increased steadily across 2025, reaching approximately 34,000 BTC by early December, up from sub-30,000 BTC levels in Q3. This reserve growth occurred alongside sharp price fluctuations during November, when BTC retraced materially from October highs, indicating that capital remained on the platform rather than exiting during periods of downside volatility.

This trend contrasts with broader market behavior. Industry-wide data tracked by CryptoQuant shows that total Bitcoin held across centralized exchanges continued to decline through November, remaining near multi-year lows as users favored self-custody and on-chain alternatives. Bitget’s rising reserve balance during an industry-wide contraction reflects sustained user confidence, active trading participation, and consistent inflows from both retail and institutional participants, reinforcing the platform’s role as a liquidity destination rather than a transient execution venue.

Sustaining as Top 4 Derivatives Market Share

Industry data compiled by CoinDesk shows that Bitget remained among the top global derivatives venues by trading volume in November 2025. During the month, Bitget accounted for approximately 6.16% of global derivatives market share, ranking alongside established platforms such as CME and ahead of several international competitors. Bitget’s position within the top tier of derivatives exchanges reflects sustained trading activity and competitive liquidity conditions during a period marked by elevated volatility and macro-driven repositioning across futures markets.

Derivatives Growth Driven by Tokenized Equity Demand

Bitget’s growth in November was also supported by continued expansion in its tokenized equities and stock derivatives offering. Cumulative trading volume for U.S. stock futures on Bitget surpassed $10 billion , highlighting accelerating demand for crypto-native access to traditional financial instruments. This milestone was driven by sustained activity across major technology names and index-linked products, as users increasingly utilized Bitget’s derivatives infrastructure to gain exposure to U.S. equities without traditional brokerage constraints.

The expansion of stock futures activity aligns with Bitget’s broader Universal Exchange (UEX) strategy, which integrates crypto assets, tokenized equities, and traditional market instruments within a unified trading environment. Trading activity during November remained globally distributed, with a significant share occurring outside standard U.S. market hours, underscoring how crypto-native market structure continues to redistribute liquidity across regions and time zones.

Top New Listings

Bitget deepened its ecosystem engagement in November through a series of targeted Launchpool, PoolX, and incentive-based campaigns designed to support emerging networks and broaden user participation across new token launches.

On the infrastructure and AI convergence front, Bitget introduced GAIB (GAIB) to its Spot market, highlighting growing demand for projects operating at the intersection of decentralized infrastructure and artificial intelligence. The listing reflected Bitget’s continued focus on projects that address real computational and data-layer needs within Web3, offering users access to tokens aligned with long-term infrastructure development.

Bitget also supported high-profile ecosystem launches through large-scale reward programs. The Monad (MON) debut was accompanied by a Launchpool campaign distributing up to 25 million MON in token rewards, allowing users to earn exposure by staking supported assets during the launch phase. In parallel, Planck (PLANCK) PoolX and CandyBomb events introduced additional incentive layers, combining staking yields with time-based reward distributions to encourage broader participation. Together, these listings demonstrate Bitget’s structured approach to balancing accessibility, ecosystem growth, and transparent reward mechanics within its broader Universal Exchange framework.

Bitget Wallet

● Zero-fee crypto card expansion across 50 markets: Bitget Wallet introduced a zero-fee feature for its crypto card across more than 50 markets in Europe, Latin America and Asia Pacific, applying a monthly fee-free spending allowance. The mechanism covers FX markups, top-up fees, and conversion spreads that are commonly embedded in crypto card transactions, where combined costs often range from 1.5% to 7%. Alongside the broader rollout, Bitget Wallet also launched co-branded cards with LINE NEXT , Shiba Inu and more, reflecting growing experimentation around branded crypto payment instruments tied to specific user communities.

● Bank transfers in Nigeria and Mexico: Bitget Wallet launched a Bank Transfer feature in Nigeria and Mexico, two markets associated with high levels of crypto usage and remittance activity, collectively estimated at over $160 billion in annual crypto transactions. The service enables users to spend and convert USDT and USDC into local currency and send funds directly to over 80 local bank accounts across the two countries, reducing reliance on peer-to-peer trading for local off-ramps.

● Earn TVL surpassing 80 million: The wallet reported that assets held in its self-custodial stablecoin yield products increased by 523% in Q3 2025, bringing total value locked to over $80 million . The rapid growth was driven by the innovative Stablecoin Earn Plus product, offering 10% APY on USDC via Aave. Bitget Wallet has also launched a native staking framework built on its own self-operated validator infrastructure, starting with support for Solana (SOL). The approach allows users to access onchain staking rewards directly from the wallet without delegating to external node operators.

● Gas-free expansion to Morph and Sei: Bitget Wallet expanded its gas-free transaction support to Morph and Sei , following Solana, Tron, Arbitrum, Base and Polygon, subsidizing gas fees for a total of 7 networks. The gas-free program operates alongside Bitget Wallet's broader gas abstraction architecture, which supports stablecoin-based gas payments using USDT, USDC, or the wallet's native BGB token, reducing the need for users to manage native gas tokens.

Bitget Research

Commentaries by Chief Analyst at Bitget Research, Ryan Lee

CoinTelegraph: US government shutdown may signal crypto market bottom: Analysts

Yahoo! Finance: Bitcoin Sets New Record High Above $126K As Political Gridlock Boosts Haven Assets

CoinDesk: Still Hope for Bulls: Crypto Daybook Americas

FXStreet: Solana ETFs may attract $6B in first year as SOL joins ‘big league’

CSR initiatives

Bitget Supported Emergency Relief Following Hong Kong Fire

Bitget provided financial support to local relief efforts following the major fire incident in Hong Kong, contributing to emergency assistance for affected communities. The donation was directed toward immediate recovery needs and humanitarian support, reflecting Bitget’s commitment to social responsibility and community assistance during crisis situations.

Bitget Supports Earthquake Relief in Northern Cebu

Bitget extended meaningful support to communities impacted by the devastating 6.9-magnitude earthquake in northern Cebu, Philippines, by partnering with The Ascent Project on a community-led donation drive that delivered essential relief supplies to residents in Bogo City and San Remigio. The initiative, funded with PHP 100,000 and coordinated with local volunteers and barangay officials, provided food packs, hygiene kits, and critical necessities to over 100 affected families still recovering from the disaster. Mobilized through Bitget’s Philippine trading community, the effort reflects Bitget’s commitment to on-the-ground assistance and broader global impact strateg to support resilience and education initiatives for communities in need.

Events across the world

Australia Crypto Convention

Bitget Wallet delivered a cohesive brand presence at the Australia Crypto Convention, combining high-visibility branding and interactive engagement. An open booth layout with an engaged memory game drove steady interaction, while branding across the main entrance, auditorium seating, and keynote theatre ensured consistent venue-wide visibility. A keynote and panel session led by CMO Ignacio highlighted UEX narratives, reinforcing our forward-looking positioning within the Web3 ecosystem. Extending beyond the conference floor, Bitget Wallet hosted a curated side event to engage and connect with the local community, strengthening regional relationships and deepening brand affinity within the market.

LALIGA Youth Tournament

Bitget joined the LALIGA Youth Tournament in SEA, activating Blockchain4Youth in a community-driven format. The three-day grassroots football festival brought together young players, families, and fans, continuing to position Bitget as a supportive and youth-focused brand aligned with sports, education, and empowerment. Through high-traffic on-ground engagement, Bitget fostered positive interactions with the local community. Family-friendly activations and values-led storytelling reinforced Bitget's commitment to nurturing the next generation and strengthening brand goodwill at the intersection of sports and Web3 innovation.

Top blogs to read

In November, we released 110+ new educational pieces on the Academy and Blog. Here's the must-read list:

#HotTopics: Setback or Setup: The Opportunity Only a “Bear” Market Can Offer

#BitgetVerse: Guide to Mastering Bitget , GetAgent AI Trading Camp , Bitget TradFi User Guide

Top interviews from our Chiefs

Bitget CEO

Bloomberg | Bitcoin Driven By Liquidity Within US: Bitget

DL News | Crypto rally before 2026? Why end of US government shutdown is seen to trigger a bull run

Economic Times | Bitcoin price jumps today as US shutdown deal boosts crypto market optimism - analysts say $150K could be next

Bitget CMO

Crypto.news | Crypto exchanges must evolve beyond trading: Bitget CMO

ABC news | Crypto gaming earns users tokens but also exposes them to risks of trading and speculation

Conclusion

November 2025 reinforced Bitget’s position as a Universal Exchange (UEX) built for durability, adaptability, and long-term relevance. As markets navigated renewed volatility, Bitget’s ability to grow reserves, sustain derivatives market share, and scale tokenized equity trading reflected a platform increasingly used not just for execution, but for sustained participation across market cycles.

The integration of Morph Chain, continued expansion of stock futures beyond $5 billion in cumulative volume, and rising Bitcoin reserves toward 34,000 BTC illustrate how UEX is maturing into a multi-asset, multi-chain environment where crypto, tokenized finance, and traditional market exposure coexist seamlessly. This convergence is further reinforced by Bitget Wallet’s rapid growth in real-world payments, stablecoin yield, and gas-free infrastructure, lowering friction for everyday onchain use.

Equally important, Bitget’s progress in regulatory readiness, AI-powered education, and community support initiatives highlights a broader commitment to transparency, responsibility, and ecosystem sustainability. Legal recognitions, Blockchain4Youth activations, and emergency relief efforts demonstrate that UEX is not solely about scale, but about building trust and long-term value.

As Bitget moves toward the final month of 2025, its direction remains clear: deepen interoperability, expand access across asset classes and regions, and continue shaping a financial ecosystem where users can trade, learn, build, and participate with confidence. Through UEX, Bitget is not simply responding to market change—it is actively defining how the next phase of global digital finance takes shape.