Cryptocurrency exchange Bitget published a strategic whitepaper outlining its "Universal Exchange" framework for integrating crypto derivatives, tokenized equities, and on-chain assets under unified account infrastructure.
The document, authored by Chief Analyst Ryan Lee and CEO Gracy Chen, frames platform convergence as competitive differentiation as major exchanges expand beyond cryptocurrency-only offerings.
Bitget ranked fourth among centralized exchanges by derivatives volume in 2025 with $8.17 trillion processed, trailing Binance, OKX, and Bybit according to CoinGlass data.
What Bitget Proposes
The whitepaper introduces "Universal Exchange" as Bitget's branding for multi-asset platform architecture combining centralized exchange infrastructure, decentralized network access via Bitget Onchain, and AI trading tools through GetAgent assistant.
Bitget processed $18 billion in tokenized stock futures volume during 2025, with institutional traders comprising 82% of spot volume by December, according to Messari research examining the platform's market structure.
The exchange maintains a protection fund that fluctuated between $655 million and $779 million during 2025, held in Bitcoin and USDT as additional security layer beyond proof-of-reserves reporting.
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Industry Context
Multi-asset trading infrastructure has become standard among major cryptocurrency exchanges as tokenized securities, commodities exposure, and cross-chain trading gain institutional adoption.
Binance, OKX, and Bybit offer comparable product suites combining cryptocurrency derivatives, tokenized asset access, and blockchain interoperability tools, though implementation approaches differ across platforms.
The whitepaper compares seven dimensions of what Bitget terms "UEX readiness" across leading exchanges, including unified accounts, AI execution, and on-chain risk controls, positioning integration depth as competitive differentiator rather than product breadth.
Platform Metrics
Bitget Onchain, launched in April 2025, generated $2.4 billion in cumulative trading volume by year-end across Solana (SOL), BNB Chain (BNB), Ethereum (ETH), Base, and Morph networks.
GetAgent AI assistant reached 500,000 users and facilitated 2 million conversations providing portfolio guidance and strategy suggestions, though adoption metrics remain modest relative to 120 million registered users.
The platform offers access to over 100 tokenized stocks and exchange-traded funds through partnerships with real-world asset issuers including Ondo Finance, capturing 73% market share of Ondo (ONDO) tokenized equity trading in December 2025.
Institutional market makers accounted for 60% of futures activity by December 2025, up from 3% in January, reflecting participation shifts as exchange infrastructure expands beyond retail-focused derivatives.
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