Bitget is a top-five perpetuals exchange by open interest, founded in 2018, led by CEO Gracy Chen, and serving more than 100 million users across 150+ countries from its Seychelles base with a Vienna headquarters anchoring its European push.

Its derivatives platform runs USDT-margined, USDC-margined, and coin-margined perpetuals at up to 125x leverage, wrapped in the largest copy trading ecosystem in crypto, where any account can mirror elite traders position for position.

TradFi is the growth engine. Bitget cleared close to $70 billion in traditional-asset perpetuals volume in a single quarter, spanning stock perps that trade 24/7 on USDT margin alongside gold, silver, and forex markets.

Security rests on a Protection Fund pledged at $300 million, monthly Merkle-tree Proof of Reserves showing coverage well above 100%, ISO 27001 and 27701 certification, and a clean hack record since founding, though its EU access currently waits on a pending MiCA application.

BingX is a copy-trading-first perpetuals exchange founded in 2018 by Josh Lu, serving more than 10 million users across 160+ countries with one of the widest traditional-asset derivatives lineups of any mid-tier venue.

Its futures platform spans USDT and USDC-margined crypto perpetuals at up to 125x leverage plus 50+ TradFi contracts covering gold, oil, forex, US stocks, and indices, reaching 500x on select forex pairs.

Regulation runs through AUSTRAC registration in Australia and Lithuania's FCIS, while BingX EU has applied for MiCA authorization through Austria's FMA, so EEA access remains unauthorized pending that decision.

Security carries one scar handled cleanly. A September 2024 hot wallet breach cost between $43 million and $52 million, users were fully compensated from reserves within days, and the exchange publishes Proof of Reserves alongside an expanded Shield Fund since.