Bitget Debuts Quanto Perpetual Futures for International Stocks Settled in USDT
Make us preferred on Google
Key takeaways
- Bitget has introduced what it describes as the first quanto perpetual futures product for traditional financial assets settled entirely in USDT.
- The first contract tracks Hong Kong-listed AI company MiniMax and offers traders up to 20x leverage with round-the-clock trading.
- The launch follows strong growth in TradFi perpetuals, a market where Bitget reported an 11.01% share during the second quarter of 2026.
New contract removes the need for currency conversion
Bitget has expanded its lineup of traditional finance trading products with the launch of TradFi Quanto Perpetual Futures, a derivatives product designed to let users trade non-USD-denominated stocks without converting their funds into local currencies.
The first available contract, MINIMAXHKDUSDT, tracks the price of Hong Kong-listed artificial intelligence company MiniMax. Although the underlying asset is priced in Hong Kong dollars, all margin requirements, funding fees, and realized profits or losses are settled directly in USDT.
According to Bitget, the contract treats the local currency price as numerically equivalent to USDT on a one-to-one basis, allowing traders to mirror the stock’s price movements without interacting with foreign exchange markets.
Bitget CEO Gracy Chen said the exchange is extending an established crypto derivatives model to traditional financial markets.
“Quanto contracts are not new in crypto derivatives, but no major exchange has applied the structure to traditional financial assets until now.”
The exchange says the model is intended to simplify trading for users who already hold stablecoins. Under the new system, a trader opening 10 MINIMAXHKDUSDT contracts at 30 and closing the position at 50 would realize a profit of 200 USDT, calculated directly from the price difference without any currency conversion.
Growing demand for TradFi perpetual products
The launch comes as crypto exchanges continue expanding products tied to traditional financial markets. According to TokenInsight’s Crypto Exchange Report for the second quarter of 2026, monthly trading volume for TradFi perpetual contracts increased from approximately $52 billion in January to $268 billion in June. Equity-based perpetuals accounted for much of that growth, overtaking commodities as the leading segment.
During the same period, Bitget reported approximately $69 billion in TradFi perpetual trading volume, giving the exchange an 11.01% market share and placing it second among competitors in the category.
The new quanto contracts also build on Bitget’s broader expansion into traditional financial products. Over the past year, the exchange introduced tokenized stock perpetual contracts with USDT settlement, contracts for difference (CFDs) covering equities, commodities, and foreign exchange markets, and IPO Prime, a pre-IPO trading service developed in partnership with Republic. Earlier this month, it also added US stock options with long call and long put strategies.
About Bitget
Bitget has steadily expanded beyond cryptocurrency trading over the past year, adding a range of products that bridge digital assets and traditional financial markets. These include tokenized stock perpetual contracts with USDT settlement, contracts for difference (CFDs) covering equities, commodities, and foreign exchange markets, and IPO Prime, a pre-IPO trading service developed in partnership with Republic. Earlier this month, the exchange also introduced US stock options with long call and long put strategies.
The platform says it now serves more than 125 million users and offers access to cryptocurrencies alongside tokenized stocks, ETFs, commodities, foreign exchange products, and precious metals. The launch of quanto perpetual futures continues Bitget’s broader strategy of making traditional financial markets accessible through crypto infrastructure.
The bottom line
Bitget’s launch of TradFi Quanto Perpetual Futures introduces a new way for crypto users to trade international equities without managing foreign currency conversions. As demand for tokenized and synthetic exposure to traditional assets continues to grow, the exchange is broadening its product lineup with tools designed to bridge digital assets and global financial markets.
