The data comes during a period when the broader derivatives market became more selective in major crypto assets. According to CoinGlass, total crypto derivatives volume was down 15.7% year over year in H1 2026, while average daily open interest declined by a smaller 10.0%. The gap suggested that trading activity cooled faster than outstanding risk exposure, making liquidity depth and execution quality more important for market participants. “In this environment, liquidity depth has become a core measure of exchange’s trust and performance.” Beyond crypto asset liquidity, the CoinGlass report also showed Bitget’s expanding footprint in TradFi trading products.