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.

Coinbase, founded in 2012 and led by CEO Brian Armstrong, became the global leader in crypto derivatives by open interest and options volume after closing its $2.9 billion Deribit acquisition.

Perpetuals run through three regulated channels, CFTC-cleared perpetual-style futures for US traders, the Bermuda-licensed International Exchange with 180+ perps at up to 50x, and MiCA-covered access in the EEA.

International perps fees start at 0.020% maker and 0.040% taker, scaling to 0% and 0.015% at the top tier, while retail traders on Coinbase Advanced pay a promotional 0% maker and 0.03% taker.

On September 9 the international derivatives business consolidates onto Deribit's matching engine, bringing a unified order book, a larger insurance fund, and continuous funding accrual.