Bitget has launched what it calls the first TradFi Quanto Perpetual Futures product, allowing traders to access non-USD stocks using USDT without currency conversion. The first contract track
Bitget has launched what it calls the first TradFi Quanto Perpetual Futures product, allowing traders to access non-USD stocks using USDT without currency conversion. The first contract tracks Hong Kong-listed AI company MiniMax. For Bitget, this is not just another derivatives launch. It is a sharper step toward blending crypto infrastructure with traditional financial markets.
Bitget’s new quanto structure targets a simple but persistent problem: global traders often hold USDT, while many stocks trade in local currencies. Hong Kong equities trade in HKD. Japanese equities trade in JPY. That creates friction before the trade even begins. The launch follows Bitget’s rise in TradFi perpetual volume, where it has become one of the fastest-growing players.
With this launch, Bitget lets users trade a local-currency stock contract while settling margin, funding fees and realized profit or loss entirely in USDT. That removes the need to convert funds before opening a position. The first contract, MINIMAXHKDUSDT, tracks MiniMax, a Hong Kong-listed AI company. It supports 24/7 trading and up to 20x leverage. The product is designed for market exposure, not direct ownership of the underlying stock.
Quanto contracts already exist in crypto derivatives. The difference here is their application to TradFi assets. Bitget is using a structure familiar to crypto markets and applying it to stocks that normally trade outside the USD system. The mechanism is direct. The underlying stock remains priced in its local currency. But the platform treats that price movement as numerically equivalent to USDT for contract settlement. A move from 30 to 50 on ten contracts produces a 200 USDT result before fees and funding effects.
That removes a layer of forex exposure linked to conversion. The trader still faces market risk, leverage risk and contract risk, but the currency step disappears. In derivatives, shorter routes often matter because every extra conversion can create cost, delay and uncertainty.
Your 1st cryptos with BitgetThis link uses an affiliate program.The timing is not random. TradFi perpetuals have become one of the fastest-growing segments on crypto exchanges in 2026. TokenInsight’s Q2 report showed monthly volume rising from roughly $52 billion in January to $268 billion in June.
Equity perpetuals have overtaken commodities as the main growth driver. That matters because traders are no longer using crypto exchanges only for Bitcoin, Ethereum or gold exposure. They are starting to use them as multi-market platforms.
Bitget has benefited from that shift. The exchange generated nearly $70 billion in TradFi perpetual volume during Q2 and ranked second among major platforms in the segment. The quanto launch therefore does not arrive as an isolated product. It extends a broader derivatives strategy.
It also connects with Bitget’s recent Unified Account model, which lets tokenized stock assets function inside a wider capital framework.
Bitget’s Universal Exchange narrative has been growing through several product layers. The platform has introduced tokenized stock perpetuals, CFD trading, pre-IPO exposure through IPO Prime, US stock options and now quanto perpetuals for non-USD assets.
That sequence tells a clear story. Bitget wants to make crypto rails useful for more than crypto-native assets. The exchange is trying to turn USDT into a settlement layer for global market exposure.
This is where the product becomes strategically interesting. If a user can access Hong Kong stocks, Japanese stocks, US equities, commodities and crypto from one account, the exchange begins to look less like a crypto venue and more like a synthetic global brokerage.
There are limits. TradFi quanto perpetuals are derivatives. They do not give shareholders’ rights. They can carry funding costs, liquidation risk and sharp losses when leverage is used. Bitget’s challenge will be to keep risk controls, liquidity and pricing quality strong as the product range expands.
The first contract focuses on MiniMax, so the initial rollout is narrow. But the structure is what matters. Once the system works for HKD equities, Bitget can extend the model to other markets where currency conversion blocks smoother access.
Japanese equities are an obvious next area. Other Asian and European listings could also fit the same logic. The more non-USD assets enter the product line, the more valuable the quanto model becomes.
For Bitget, the launch also strengthens its argument that tokenized and synthetic TradFi markets can live inside crypto infrastructure. The exchange is no longer only listing products. It is redesigning how margin, settlement and market access interact.
That is the deeper point. Bitget is turning USDT into a bridge between asset classes, currencies and trading sessions. The product will still need volume, tight spreads and strong risk management to prove itself. But the direction is clear: the next exchange war may be fought around who can make global markets feel as easy to trade as crypto. Bitget is now pushing that idea further, after already bringing US stock options to crypto users.
