Bitget has launched the industry's first TradFi Quanto Perpetual Futures, a groundbreaking derivative market structure that enables trading of non-USD-denominated stocks using USDT without any currency conversion. The first contract, MINIMAXHKDUSDT, tracks Hong Kong-listed AI company MiniMax and is live today with up to 20x leverage only on Bitget. As reported by Bitget, the contract prices the underlying stock in its local currency, HKD for Hong Kong equities or JPY for Japanese equities, but settles margin, funding fees, and realized P&L entirely in USDT. The system treats the local-currency price as numerically equivalent to USDT at 1:1, so the contract's price movement matches the underlying stock exactly, without any fiat involvement. "Quanto contracts are not new in crypto derivatives, but no major exchange has applied the structure to traditional financial assets until now," said Gracy Chen, CEO at Bitget. "From Pre-IPO access to US stock options, we are building a trading environment where crypto infrastructure serves global financial markets. The Quanto contracts remove the last barrier for global traders: currency conversion. Anyone holding USDT can now trade Hong Kong and other non-USD stocks as easily as they trade Bitcoin."
Bitget has emerged as one of the leading venues for TradFi trading products, generating nearly $70 billion in TradFi perpetual trading volume in Q2 2026, according to the TokenInsight Q2 2026 Crypto Exchange Report. The report cements Bitget's growing presence in the rapidly expanding TradFi segment, where crypto exchanges are increasingly connecting digital asset infrastructure with global financial markets. TradFi perpetuals became one of the fastest-growing segments across crypto exchanges during Q2, with monthly trading volume increasing from $52 billion in January to $268 billion in June. Equity perpetuals became the main growth driver during the quarter as exchanges expanded into tokenized stocks, IPO products, and other real-world assets. TokenInsight noted that TradFi perpetuals have evolved from an emerging product category into a strategically important area of competition for exchanges, with TradFi perpetuals accounting for 8.61% of Bitget's total derivatives volume, the second-highest penetration rate among major centralized exchanges. The exchange generated approximately $69 billion in TradFi perpetual volume during Q2, capturing 11.01% market share and ranking second among all exchanges.
The launch expands an earlier rollout that covered a smaller group of tokenized assets. As reported by crypto.news, Bitget enabled 15 tokenized stocks and ETFs as collateral for USDT-margined futures in June, including assets linked to Apple, Tesla, Nvidia, Microsoft, Amazon, SPY and QQQ. The new account raises that number to 500+ stock tokens and adds broader uses for the assets, with eligible rTokens now contributing to margin requirements, supporting borrowing and providing exposure to linked equities. The initial rollout supports 100 tokenized US equities spanning leading US-listed companies, including rAAPL, rAMZN, rMETA, rTSLA, rGOOGL, rNVDA, rMSFT, rQQQ, rSPY, rJPM, rWMT, rV, and rMSTR, among others. Bitget also reports that holders can receive cash dividend distributions where applicable. The third-generation unified account introduces a single rToken asset that can serve multiple roles simultaneously: holding, using as margin, or using for collateralized lending. Under this mechanism, users' held US stock tokens (rTokens) not only entitle them to stock dividends but can also serve as margin and collateral for borrowing, further enhancing capital efficiency.
Reality, Bitget's regulated real-world asset issuance platform, has released its latest Proof of Reserves (PoR) report, confirming that every rToken issued on the platform remains fully backed by underlying securities held in regulated custody. The latest report covers the full portfolio of rTokens issued on Reality, including tokenized US equities and ETFs, with reserve information independently verified through The Network Firm and underlying securities held through Alpaca Securities LLC, a FINRA-registered and SIPC-covered broker-dealer. According to Gracy Chen, CEO at Bitget, "Every exchange wants to focus on providing tokenized stocks, but they're missing out on the importance of security and stability especially with transparent proof of reserves. Reality with rToken currently has the biggest tokenized stock liquidity in crypto, its NASDAQ-NYSE linked. Our goal here is to maintain our users' trust and deliver on credible products." Reality has issued over 500 US stocks and ETFs to date, including SpaceX, Tesla, and NVIDIA, with assets under management (AUM) exceeding $100 million. Unlike traditional financial markets where investors often rely on periodic disclosures, Reality's reserve reporting gives users continuous visibility into the integrity of the platform, combining regulated custody with independent reserve attestations to provide investors with greater visibility into how tokenized assets are created and maintained throughout their lifecycle.
The quanto launch follows a year of product firsts that have made TradFi a core part of Bitget's business rather than a side feature. The exchange introduced tokenized stock perpetual contracts offering synthetic exposure to publicly traded companies with USDT settlement and up to 100x leverage, then added CFD trading in late 2025 for access to global equities, commodities, and forex through stablecoin settlement. In April 2026, Bitget launched IPO Prime, the industry's first Pre-IPO trading service, powered by Republic, giving users exposure to private companies such as SpaceX before public listing. In July, Bitget became the only major crypto exchange offering US stock options, with long call and long put strategies on US-listed equities alongside crypto and CFD markets. The MINIMAXHKD Quanto Perpetual Contracts is now live on Bitget and supports up to 20x leverage, 24/7 trading, and funding rate settlement every 8 hours. Looking ahead, Bitget plans to continue expanding the unified account's capabilities by adding more assets that can be used as margin and traded with leverage. The exchange currently serves over 125 million users and offers access to over 2M crypto tokens, 500+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold, with the exchange currently leading in the tokenized TradFi market, providing the industry's lowest fees and highest liquidity across 150 regions worldwide.
