Bitget opens trading suite to users after record demand

Cryptocurrency exchange Bitget has launched its trading suite for users amid unprecedented demand.

Bitget, a prominent cryptocurrency platform, announced the opening of its trading suite to users following record levels of demand. This development marks a significant expansion in access to trading features on the exchange. The move comes as the platform responds to growing interest from traders seeking advanced tools. No further details on the specific features of the suite or the exact nature of the demand were provided in the announcement. This launch underscores the increasing popularity of cryptocurrency trading services in the region.

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Traders celebrating BitGo's $212.8M crypto IPO success on NYSE trading floor with rising stock display.
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BitGo raises $212.8 million in first crypto IPO of 2026

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Crypto custody firm BitGo has raised $212.8 million in its initial public offering, marking the first such debut by a digital asset company this year. The company priced shares at $18 each, above its initial range, and saw its stock rise on the New York Stock Exchange. This IPO arrives amid challenges in the crypto sector, serving as a test for future listings.

CME Group, the world's largest financial derivatives exchange, plans to introduce round-the-clock trading for cryptocurrency futures and options on its CME Globex platform starting May 29, pending U.S. regulatory approval. The move responds to surging client demand in the digital asset market. Trading will include a brief weekly maintenance break but operate continuously otherwise.

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Cryptocurrency exchange Bybit has reentered the UK market after exiting in 2023 due to stricter regulations on crypto promotions. The platform, the second-largest by trading volume, now offers spot trading on 100 currency pairs under a compliant framework. This move comes as the UK government plans a dedicated crypto rulebook by 2027.

The cryptocurrency exchange Gemini, founded by Cameron and Tyler Winklevoss, is navigating difficulties following a more than 40% drop in bitcoin prices. This decline has erased the bull market that supported the company's expansion plans. As a money-losing entity, Gemini must quickly adapt amid limited room for mistakes.

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Digital asset provider BitGo priced its US IPO above the expected range, raising $213 million at a $2.2 billion market cap. The company, which offers custody, lending, and infrastructure for institutional clients, saw shares open with a 25% gain before falling 19% below the offer price by week's end. This performance contrasts with a strong debut for equipment rental firm EquipmentShare.

Swiss banking giant UBS is exploring the launch of cryptocurrency trading services for its wealthy private bank clients in Switzerland, with potential expansion to the US and Asia-Pacific. The move responds to increasing demand, though no final decision has been made. A UBS spokesperson highlighted the bank's ongoing digital asset strategy amid regulatory and market developments.

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The digital asset market is maturing, with liquidity concentrating in a small group of large-cap cryptocurrencies, making them more appealing to private banks and high-net-worth investors. A new report from market maker Wintermute highlights this shift toward a more stable and professional market segment. This development improves trading conditions and encourages selective inclusion in investment portfolios.

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