Bitget Alliance Program: is 'trading more' really worth it for the rewards?
Reward programs may appear enticing to active traders, but there is a clear difference between obtaining rewards from trading activity and trading simply for the rewards.
The Bitget Alliance Program allows eligible users to participate in a reward pool, based on qualifying trading activity and asset holdings.
The key for traders is to determine if the possible reward is worth the additional costs and risk of additional trading.
How the Alliance program works
The Alliance program has two reward types.
The trading reward represents 60% of the total reward, while the asset-based reward covers the remaining 40%.
To participate in the trading reward, eligible users must meet the applicable minimum trading requirements.
After that, users will receive a reward, based on their qualifying trading activity as a % of the total platform trading activity.
This means that there is no universal cashback %, which all traders receive.
For example, if the trading reward pool = $6 million and a trader represents 0.01% of the total eligible trading volume used in the calculation, the trader's theoretical share would be approximately $600.
The actual reward depends on the final reward pool and the level of platform participation.
Trading volume is not the same as profits
This may be the most important point to consider.
Assume that a trader was able to generate $1 million in qualifying volume. That does not mean the trader receives a percentage of $1 million.
The trader participates in the shared reward pool.
Generating $1 million in volume usually also generates costs, such as:
- Trading fees
- Bid-ask spread
- Slippage
- Funding costs on perpetual futures
- Potential liquidation risk
- Opportunity cost
Maximizing volume may not result in maximizing profits.
A trader should calculate the following:
Net benefit = Alliance reward - additional trading costs - additional trading risk
If the net benefit < 0, chasing volume 'just for the reward' makes no economic sense.
The asset side can be different
The alliance program has another twist: 40% of the reward is based on qualifying asset value.
This means that an alternative approach may be available to traders, who already keep capital on the Bitget exchange.
Instead of increasing their current trading activity, thus risking higher fees and risks, they can also potentially participate in the reward pool.
This is particularly relevant to users, who hold USDT or other qualifying assets on Bitget.
The critical difference is that the asset is based on eligible asset value, while the trading component is based on qualifying trading activity.
The better approach: optimize, not overtrade
For active traders, the sensible approach is to consider the Alliance Program as an additional reward possibility, rather than the main driver for initiating additional trades.
If a trader normally generates $500,000 of monthly volume, but switches their strategy to generate unnecessary positions, simply to push their volume towards $1 million, the additional fees and risks could outweigh the additional reward.
However, if the trader already expects a $1 million of monthly volume, the Alliance Program reward will be an additional bonus.
With that said, we can define a simple rule: trade because the setup is good, let the reward ride.
Who stands to benefit the most?
The program can be most relevant for three types of users:
1. Active traders: Traders who already generate substantial qualifying volume. Thus, they can participate in the program without materially changing their strategy.
2. Asset holders: Users who keep qualifying assets on Bitget. The asset component is an additional reward possibility, which does not require them to generate additional trading volume.
3. VIP traders: Eligible VIP users can also receive additional reward benefits, per the campaign's terms.
The program's value proposition is lower for the infrequent traders. Increasing their trading activity is simply not cost-effective, thus, the reward is not worth the additional effort.
What should traders watch out for?
Before optimizing their trading strategy to participate in the reward, traders should follow four variables:
1. Qualifying volume: The volume is relevant, but not all transactions are equal. Traders should make sure to track which products and transactions are eligible.
2. Average asset value: The value of qualifying assets also affects the reward.
3. Trading costs: The actual costs of each trade (fees, slippage, etc.) are relevant to determine if additional trading is economically viable.
4. Expected reward: The final reward depends on the % of the relevant pool, which the trader occupies, as well as the overall platform participation. Thus, an estimate of the reward should always account for participation.
Final takeaway
The Bitget Alliance Program is not really about rewarding traders, but rather it is a reward optimization campaign.
If a trader already has consistent trading volume or holds qualifying assets, the program can provide an additional reward stream, without requiring them to materially change their strategy.
The emphasis is on the net economics.
A trader, who uses a profit-generating setup to create volume, will benefit from the additional reward.
A trader, who generates unnecessary volume to qualify for the reward, may find that the fees and risks of additional trades, may outweigh the additional reward.
$BGB

$GRVT LIBRA-linked wallets tied to Kelsier Ventures have fallen from nearly $300 million in tracked holdings in February 2025 to about $2 million, according to blockchain analytics firm Arkham.
Arkham said on Oct. 5 that it had identified more than 1,000 addresses belonging to Kelsier Ventures and Hayden Davis when it first published the wallet cluster in February 2025.
At the time, the addresses held close to $300 million, with most of the value coming from LIBRA tokens. Arkham now puts the remaining value across the tracked cluster at approximately $2 million.
applied to two addresses while investors pursued claims against Kelsier and related defendants.
The New York federal court later lifted its asset restraints in 2025. The Sept. 29, 2026 dismissal subsequently closed the underlying U.S. class action.
The current $2 million Arkham figure should not be read as a direct comparison with only the assets once frozen by the court. Arkham’s entity cluster covers a much larger set of addresses identified as connected to Kelsier Ventures and LIBRA.
Its February 2025 estimate included LIBRA tokens, stablecoins, $SOL and other assets spread across more than 1,000 addresses.
Arkham’s Oct. 5 post does not say that $298 million was transferred out of the wallets in cash terms, nor does it identify the balance change as realized profit, investor recovery or seized funds.
Argentina’s LIBRA investigation remains separate
The end of the U.S. civil lawsuit has not closed the separate criminal investigation in Argentina.
Argentina’s federal prosecutor’s office said in March that federal prosecutor Eduardo Taiano remained in charge of the investigation and was continuing work on evidence connected to LIBRA.
Prosecutors have been examining the circumstances surrounding the token’s creation and launch, including possible fraud, influence trafficking, bribery and abuse of authority.
Digital assets have already been frozen as part of that inquiry. In August 2025, prosecutors announced that an Argentine federal judge ordered the freezing of 323,275 USDT held across two addresses identified during the investigation.
Prosecutors said those addresses had received funds from a multisignature wallet examined in the case. Investigators linked activity in that wallet to the period between December 2024 and February 2025.
A separate prosecution request had sought to freeze nearly 44.6 million $USDC connected to the inquiry before the U.S. court froze related stablecoin addresses in May 2025.
The Argentine prosecutor’s office said its technical investigation included analysis of electronic devices seized during the case. A final forensic report was delivered to prosecutors in January 2026 and added to the judicial case-management system in February.
The Sept. 29 U.S. ruling does not resolve those Argentine proceedings.
Arkham continues tracking the remaining Kelsier wallets
Arkham’s public entity page continues to group wallets it attributes to Kelsier Ventures, allowing changes in token holdings and transfers to be monitored on-chain.
The analytics company has not said in its latest update that the approximately $2 million still visible represents all assets controlled by Davis or Kelsier Ventures outside the addresses it has identified.
Its February 2025 research was similarly limited to wallets Arkham had attributed to the entity.
Earlier reporting around LIBRA showed why attribution can change as investigators connect additional addresses. Blockchain researchers including Arkham, Nansen and other analytics firms spent months tracing wallets tied to the launch, liquidity pools and subsequent token movements.
Nansen tracked large profits and losses among LIBRA traders after the token’s rapid collapse, while separate investigations focused on early wallets and liquidity providers.
Arkham’s latest update leaves the identified Kelsier cluster at roughly $2 million compared with nearly $300 million when the firm first disclosed the addresses in February 2025.