A booming derivatives market
The derivatives market is active again, thanks to the significant price recovery of major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). According to data released by Coinglass on May 12, the total open interest value of the derivatives market reached $138.676 billion, with a trading volume of $278.053 billion on the day. Of this, Bitcoin accounted for $67.045 billion in open interest value and $81.977 billion in trading volume, while Ethereum contributed $28.548 billion and $96.774 billion. These figures are close to the peaks earlier this year, showing the strong growth of the market - and increasing competition.
In this landscape, centralized exchanges (CEX) and decentralized exchanges (DEX) coexist and drive competition for market share. Coinbases acquisition of Deribit reveals the importance of the derivatives sector: futures and perpetual contracts in particular are becoming a key battlefield for crypto platforms.
Crypto market dynamics: volatility and opportunities
The crypto market in 2025 presents a split dynamic. On one hand, on-chain activities are booming, with meme coins and tokens related to AI Agent, DeSci, PolitiFi, and animal themes attracting a lot of attention. On the other hand, centralized exchanges are focused on two areas: quickly listing new tokens and expanding derivatives business.
A report from CoinGecko provides a sobering fact: about 7 million tokens have been launched since 2021, but in the first quarter of 2025 alone, 1.8 million tokens failed, accounting for nearly half of all failed tokens in the same period. Platforms such as Pump.fun make token creation easier, but the vast majority of projects quickly fall into mediocrity. This volatility puts pressure on exchanges, which need to filter out high-quality projects and provide a reliable trading environment.
With seven years of industry experience, BitMart has taken a more cautious approach to listing tokens, taking into account market trends, trading data, and project fundamentals. Currently, the platform supports spot trading of more than 1,700 tokens and more than 400 perpetual contract trading. In addition to listing tokens, BitMart has also launched a series of initiatives to strengthen its contract services, hoping to improve liquidity and increase user engagement.
BitMart’s Three Strategic Initiatives
To address the challenges and opportunities in derivatives trading, BitMart has launched three important initiatives.
1. Slippage Protection Plan
In response to the uncertainty of market fluctuations, BitMart provides a slippage protection plan for USDT margin futures trading. If the slippage exceeds 0.05% due to technical or liquidity issues, users will receive USDT compensation, which will be credited to their accounts in as fast as 1 hour. New users can also enjoy additional benefits: within the first month of opening their account, the compensation for abnormal slippage will be doubled, up to 1,000 USDT. Although this initiative emphasizes user protection, its effectiveness depends on continued stable execution and widespread adoption by users.
2. Ace Trader Program
The Ace Trader Program will run until June 9, offering attractive incentives for elite traders. Participants can become star traders on the platform, receive up to 50% profit sharing, and win bonuses for outstanding performance. There is also a Futures King Trading Competition ongoing (until June 4), offering daily, weekly and monthly rewards - individuals can receive up to 29,200 USDT, and the total prize pool may reach 142,000 USDT. This is a bold attempt to build a community of traders, but its success depends on whether it can attract and retain experienced participants.
3. Community Partner Program
BitMarts Global Community Partner Program collaborates with regional leaders from Europe, Southeast Asia, Africa, the Middle East, and North America. Partners receive certification, promotion support, and spot and futures trading commission rewards, as well as the ability to host events and manage community groups. This program is designed to expand BitMarts reach, but its impact will depend on the activity and cohesion of these community networks.
User feedback
User feedback provides some insights. David, a Vietnamese trader, praised the slippage protection program, noting that it sets BitMart apart in an industry where fees can change frequently. Fran Hunter, a trader, is proud of the Elite Trader Program, with a 99% win rate and $564,971 in profits for his followers—although such outstanding results may not be universal. Jelly, a community contributor from Nigeria, recognized the opportunities in the Partner Program, saying that the program promotes collaboration. These feedbacks hint at potential, but broader user opinion remains to be seen.
https://www.bitmart.com/futures-copy-trading/zh-CN
Looking to the future: growth and challenges coexist
Led by CEO Nenter (Nathan) Chow, BitMart is betting on technological innovation and global market expansion. The plan to integrate AI into blockchain technology to enhance analysis and automation tools demonstrates its innovative capabilities, while exploring expansion in markets such as the Middle East and Latin America also points the way for growth. At the same time, BitMart expects to launch a decentralized wallet in the third quarter of 2025, including new features such as staking and governance voting, aimed at deepening community user participation.
However, challenges remain. The contract market is highly competitive, and BitMart must prove that its initiatives can bring long-term value rather than short-term popularity. Technical reliability, community appeal, and differentiation from competitors will be key.
Can BitMart stand out?
BitMart has carved out a niche in the contract race through a three-pronged strategy - protecting users from slippage, incentivizing traders to participate, and building a global community. These strategies are in line with market trends and user needs, but success is not necessarily easy. Against the backdrop of multi-billion dollar acquisitions by giants such as Coinbase, BitMart needs to execute its plans perfectly and adapt quickly to market changes to stand out. So far, its efforts have shown potential, but whether it can maintain momentum amid fierce competition is the real test.
