Bitget, recognized as the world’s largest Universal Exchange (UEX), has announced a strategic partnership with the Hummingbot Foundation aimed at enhancing access to open-source algorithmic trading while improving liquidity across perpetual futures markets. This collaboration introduces the fully supported bitget_perpetual connector within Hummingbot, facilitating seamless deployment of market-making, arbitrage, and derivatives strategies on the Bitget platform, emphasizing professional-grade reliability and transparent pricing.
The integration seeks to democratize algorithmic trading, lowering entry barriers for quantitative analysts (quants) and users from emerging markets. By aligning Hummingbot’s open framework with Bitget’s robust trading infrastructure, users can automate complex trading strategies without requiring extensive technical integration. Continuous documentation and support will help keep the connections stable as application programming interfaces (APIs) undergo evolution, with a focus on cost-efficiency aimed at delivering tighter spreads and better trade execution.
Michael Feng, Co-Founder and Board Member of Hummingbot Foundation, expressed the foundational belief that open-source algorithmic trading is crucial for the maturation of the crypto ecosystem. He noted that partnering with Bitget not only provides high-quality infrastructure but also helps ensure ongoing improvements in liquidity and execution standards, essential for traders.
Gracy Chen, CEO of Bitget, emphasized the exchange’s commitment to bridging advanced trading infrastructure with practical user access. The collaboration with Hummingbot is expected to attract more algorithmic traders, foster innovation, and support the foundation’s mission of broadening access to algorithmic trading tools.
This partnership also aligns with Bitget’s vision of functioning as a Universal Exchange. Bitget aims to unify on-exchange trading depth with on-chain access, connecting various products and partners through a scalable architecture. The inclusion of open-source connectors like Hummingbot into their platform will provide traders with enhanced choices and a broader range of instruments from a single account. As Bitget advances its UEX vision, this collaboration is expected to drive shared liquidity initiatives, rapid integrations, and a wider strategy library, paving the way for a more cohesive multi-venue, multi-asset trading experience.
Looking toward the future, both teams plan to co-develop community-centric programs, including strategy hackathons and connector bounties, while also exploring additional integrations with decentralized protocols and emerging market derivatives. User feedback will be a crucial element guiding the development roadmap, with a focus on transparency, performance, and inclusivity at the forefront.
Bitget was established in 2018 and has rapidly grown to serve over 120 million users across more than 150 countries and regions, empowering users to trade smartly with innovative features such as copy trading. The exchange also boasts a leading non-custodial crypto wallet that supports over 130 blockchains and millions of tokens, enabling multi-chain trading and access to thousands of decentralized applications.
As a strategic player in promoting crypto adoption, Bitget has formed partnerships with major organizations, including its role as the Official Crypto Partner of LALIGA and its collaboration with UNICEF to support blockchain education. Meanwhile, the Hummingbot Foundation focuses on making algorithmic trading tools accessible to all, fostering a community-driven approach to maintaining and enhancing its capabilities for traders, developers, and market makers globally.
