Thriving Derivatives Market
The derivatives market is once again becoming active, thanks to the significant price recovery of major cryptocurrencies like BTC and ETH. According to Coinglass data released on May 12, the total value of open interest in the derivatives market reached $138.676 billion, with a daily trading volume of $278.053 billion. Among these, BTC accounted for $67.045 billion in open interest and $81.977 billion in trading volume, while ETH contributed $28.548 billion and $96.774 billion. These figures are close to the peak earlier this year, indicating strong market growth and increasingly fierce competition.
In this landscape, centralized exchanges (CEX) and decentralized exchanges (DEX) coexist, driving competition for market share. Coinbase's acquisition of Deribit reveals the importance of the derivatives sector: particularly futures and perpetual contracts are becoming key battlegrounds for crypto platforms.
Crypto Market Dynamics: Volatility and Opportunities Coexist
The crypto market in 2025 presents a fragmented dynamic. On one hand, on-chain activity is flourishing, with MEME coins and tokens related to AI Agents, DeSci, PolitiFi, and animal themes attracting significant attention. On the other hand, centralized exchanges are focusing on two main areas: quickly listing new tokens and expanding derivatives business.
A report from CoinGecko provides a sobering fact: since 2021, about 7 million tokens have been launched, but in the first quarter of 2025 alone, 1.8 million tokens failed, accounting for nearly half of all failed tokens during that period. Platforms like "Pump.fun" have made token creation easier, but the vast majority of projects quickly fade into obscurity. This volatility puts pressure on exchanges to filter quality projects and provide reliable trading environments.
BitMart, with its seven years of industry experience, has adopted a more cautious approach to listing tokens, considering market trends, trading data, and project fundamentals. Currently, the platform supports spot trading for over 1,700 tokens and perpetual contract trading for more than 400. Beyond token listings, BitMart has launched a series of initiatives to strengthen its contract services, hoping to enhance liquidity and increase user engagement.
BitMart's Three Strategic Initiatives
To address challenges and opportunities in derivatives trading, BitMart has launched three important plans.
1. Slippage Protection Plan
To address market volatility uncertainties, BitMart offers a slippage protection plan for USDT margin futures trading. If slippage exceeds 0.05% due to technical or liquidity issues, users will receive USDT compensation, with the fastest processing time of 1 hour. New users can also enjoy additional benefits: during their first month, compensation for abnormal slippage will be doubled, up to 1,000 USDT. While this initiative emphasizes user protection, its effectiveness depends on consistent execution and widespread user adoption.
2. Ace Trader Program
The Ace Trader Program, running until June 9, offers attractive incentives for elite traders. Participants can become platform star traders, earning up to 50% profit sharing and winning bonuses through outstanding performance. The ongoing "Futures King Trading Competition" (until June 4) provides daily, weekly, and monthly rewards—individuals can win up to 29,200 USDT, with a total prize pool potentially reaching 142,000 USDT. This is a bold attempt to build a trading community, but its success depends on attracting and retaining experienced participants.
3. Community Partner Program
BitMart's global community partner program collaborates with regional leaders from Europe, Southeast Asia, Africa, the Middle East, and North America. Partners can receive certification, promotional support, and spot and futures trading commission rewards, as well as host events and manage community groups. This program aims to expand BitMart's reach, but its impact will depend on the activity and cohesion of these community networks.
User Feedback
User feedback provides some insights. Vietnamese trader David appreciated the slippage protection plan, noting it makes BitMart stand out in an industry with frequent fee changes. Trader Fran Hunter takes pride in the elite trader program, with a 99% win rate and followers collectively earning $564,971—though such outstanding performance may not be typical. A Nigerian community contributor, Jelly, acknowledged the opportunities in the partner program, believing it promotes collaboration. These feedbacks suggest potential, but broader user opinions require further observation.
https://www.bitmart.com/futures-copy-trading/zh-CN
Looking Ahead: Growth and Challenges Coexist
Under CEO Nenter (Nathan) Chow's leadership, BitMart is betting on technological innovation and global market expansion. Plans to integrate AI into blockchain technology to enhance analytical and automation tools demonstrate its innovative capabilities, while exploring markets in the Middle East and Latin America points to growth directions. BitMart also plans to launch a decentralized wallet in the third quarter of 2025, including staking and governance voting functions, aimed at deepening community user engagement.
However, challenges remain. The contract market is highly competitive, and BitMart must prove that its initiatives can bring long-term value, not just short-term hype. Technical reliability, community appeal, and differentiation from competitors will be crucial.
Can BitMart Stand Out?
BitMart has secured a place in the contract race through a three-pronged strategy—protecting users from slippage, incentivizing trader participation, and building a global community. These strategies align with market trends and user needs, but success is not guaranteed. Against the backdrop of billion-dollar acquisitions by giants like Coinbase, BitMart needs to execute its plans perfectly and quickly adapt to market changes to stand out. Currently, its efforts show potential, but whether it can maintain momentum in fierce competition is the real test.
