Open-Source Synergy Paves Path to Resilient, Inclusive Crypto Markets

Bitget, the world’s largest Universal Exchange (UEX), and Hummingbot Foundation have partnered to expand access to open-source algorithmic trading and deepen liquidity across perpetual futures markets. The collaboration introduces a fully supported `bitget_perpetual` connector within Hummingbot, enabling traders to deploy market-making, arbitrage, and derivatives strategies on Bitget with professional-grade reliability and transparent pricing. This integration aims to lower barriers for quantitative traders and emerging market participants by leveraging Hummingbot’s open framework and Bitget’s depth of order book and execution standards. Ongoing documentation, maintenance, and version support ensure stable connections as APIs evolve, while a shared focus on cost-efficiency targets tighter spreads and improved trade fills.

The partnership aligns with Bitget’s Universal Exchange vision, which unifies on-exchange depth with on-chain access through a scalable architecture. Open-source connectors like Hummingbot’s fit this blueprint by offering traders more venues, instruments, and choice from a single account. As Bitget advances its UEX strategy, the collaboration will expand further through shared liquidity initiatives, faster integrations, and broader strategy libraries, making multi-venue, multi-asset trading feel native.

Hummingbot’s integration with Bitget is designed to foster innovation and accessibility. The partnership plans to co-develop community programs such as strategy hackathons, connector bounties, and integrations extending into decentralized protocols and emerging market derivatives. Continuous feedback from users will guide the roadmap, with transparency, performance, and inclusion central to the collaboration’s ethos.

Michael Feng, Co-Founder and Board Member of Hummingbot Foundation, emphasized the importance of open-source algorithmic trading for the crypto ecosystem’s maturation. “Partnering with Bitget gives our community access to high-quality infrastructure and ensures liquidity and execution standards continue to improve,” he stated. Gracy Chen, CEO of Bitget, highlighted the platform’s commitment to bridging advanced trading infrastructure with real users. “By integrating with Hummingbot, we can reach more algorithmic traders, encourage innovation, and support the foundation’s mission of making these tools accessible to everyone,” she added.

The collaboration’s broader implications for the crypto market include enhanced liquidity and reduced price slippage for perpetuals traders, who rely on precision and speed to maximize returns. By unlocking open-source liquidity, Bitget and Hummingbot aim to stabilize price movements and improve market efficiency, attracting more participants and institutional investors. The emphasis on open-source solutions also sets a precedent for future collaborations, prioritizing transparency and community-driven innovation to build a more inclusive and resilient market.

Bitget’s integration with Hummingbot underscores the growing role of decentralized and community-led initiatives in shaping the crypto ecosystem. As the partnership progresses, it is expected to contribute to the broader adoption of open-source tools and strategies, fostering a competitive yet collaborative environment for traders and developers. The initiative also aligns with Bitget’s broader goals, including its role as the Official Crypto Partner of LALIGA in key markets and its partnership with UNICEF to support blockchain education for 1.1 million people by 2027.