In a significant development within the cryptocurrency trading landscape, Bitget, the world’s largest Universal Exchange (UEX), has announced a partnership with the Hummingbot Foundation aimed at enhancing access to open-source algorithmic trading and increasing liquidity in perpetual futures markets. This collaboration introduces a new feature—a fully supported bitget_perpetual connector integrated directly into Hummingbot, which allows traders to seamlessly implement market-making, arbitrage, and derivatives strategies on the Bitget platform.
The integration promises to streamline the trading experience, making it easier for both quantitative analysts and users from emerging markets to deploy sophisticated trading tactics without requiring extensive technical expertise. Hummingbot’s open framework aligns with Bitget’s robust execution and liquidity standards, ensuring users can automate their strategies effectively. Continuous updates and support ensure that connections remain stable, adapting to evolving APIs, while the partnership’s focus on cost-efficiency aims to deliver tighter spreads and improved price fills over time.
Michael Feng, Co-Founder and Board Member of the Hummingbot Foundation, emphasized the importance of open-source algorithmic trading for the cryptocurrency ecosystem’s maturation. “Partnering with Bitget gives our community not only access to high-quality infrastructure but also ensures that liquidity and execution standards continue to improve,” he noted.
Gracy Chen, CEO of Bitget, added that the integration aims to bridge the gap between sophisticated trading infrastructure and everyday users. “By collaborating with Hummingbot, we can engage more algorithmic traders, stimulate innovation, and aid in making these tools accessible to everyone,” she stated.
This partnership is a step toward fulfilling Bitget’s vision of offering a unified trading experience. As a Universal Exchange, Bitget is focused on merging on-exchange liquidity with on-chain accessibility, allowing traders to connect various products and partners under a scalable architecture. The addition of open-source connectors like Hummingbot enhances this vision by providing traders with greater choices and access to a wider array of trading instruments through a single account.
Looking forward, both organizations plan to collaborate on initiatives including strategy hackathons, connector bounties, and further integrations into decentralized protocols and emerging market derivatives. User feedback will be instrumental in shaping future developments, with a steady focus on transparency, performance, and inclusion.
Bitget, founded in 2018, serves over 120 million users across more than 150 countries and is known for its innovative trading solutions, including a popular copy trading feature. The platform also provides real-time access to cryptocurrency prices, while Bitget Wallet stands out as a leading non-custodial wallet supporting over 130 blockchains.
In its commitment to crypto education and broader adoption, Bitget has established strategic partnerships, including serving as the Official Crypto Partner for LALIGA in Eastern, Southeast Asian, and Latin American markets, and collaborating with UNICEF to promote blockchain education for 1.1 million individuals by 2027. Additionally, Bitget is the exclusive cryptocurrency exchange partner for MotoGP, solidifying its presence in the motorsports arena.
The Hummingbot Foundation, dedicated to making algorithmic trading tools accessible, offers a framework that includes exchange connector standards, strategy templates, and educational programs, supporting a global community of traders, developers, and market makers.
