Bitget Adds TradFi Quanto Futures to Simplify Stock Trading

Bitget is bringing a new type of derivative to the crypto market with the release of its TradFi Quanto Perpetual Futures. This system allows traders to bet on the price movement of non USD stocks using only USDT. The exchange treats the underlying asset price as a direct numerical match to USDT, which removes the need for tricky currency conversions or exposure to forex rate risks.

The first contract available is for MiniMax, an AI company listed in Hong Kong. Traders can access up to 20x leverage on these contracts, with all margin and profit settled directly in USDT. By removing the extra step of converting funds into local currencies like HKD or JPY, the platform aims to make trading global equities as simple as trading Bitcoin.

This move comes as the interest in TradFi perpetuals continues to grow across the entire industry. Recent market reports show that equity perpetuals have become a major growth driver for crypto exchanges, with volumes jumping significantly over the first half of the year. Bitget currently holds a strong position in this sector, capturing over 11 percent of the market share for these products in the second quarter.

Investors should keep an eye on how the exchange expands this feature to other global markets. While the contracts offer new ways to gain exposure to stocks, they involve significant leverage and market volatility. Traders should remain aware of the risks involved in these high stakes financial instruments.