Bitget has introduced the first TradFi Quanto Perpetual Futures, enabling USDT-based trading of non-USD stocks without currency conversions. The launch, announced in June 2026, features the MINIMAXHKDUSDT contract on Hong Kong-listed AI firm MiniMax with up to 20x use exclusively on Bitget.

Breaking Currency Barriers in TradFi Trading

Typically, traders buying Hong Kong stocks must convert USDT into HKD, incurring exchange rate risk twice: on the forex conversion and on the underlying asset. Bitget’s Quanto structure bypasses this by pricing the contract in local currency but settling all margin and profits in USDT directly. The platform treats the local price as 1:1 to USDT, keeping price movements perfectly aligned with the stock without forex exposure. For example, a trader going long 10 contracts at 30 HKD and exiting at 50 HKD earns 200 USDT, calculated simply as (50-30)*10, settled in stablecoins.

This innovation streamlines cross-border access and could significantly increase participation from crypto traders who previously avoided forex complexities when entering foreign equity markets. It also represents a step towards convergence where crypto infrastructure supports traditional markets smoothly.

Market Momentum and Bitget’s Expansion

The timing is notable. TradFi perpetual futures volumes have surged fivefold in the first half of 2026, reaching $268 billion in June alone, driven by equities overtaking commodities in interest. Bitget captured an 11.01% market share with $69 billion traded in Q2, ranking second among crypto exchanges in this segment. This positions Bitget as a dominant player advancing TradFi derivatives within the crypto ecosystem.

Bitget has been steadily building TradFi offerings, from tokenized stock perpetuals with up to 100x use to CFD trading with stablecoin settlements and the IPO Prime Pre-IPO platform launched in April 2026. The Quanto contracts remove the critical remaining barrier: currency conversion friction for global traders holding USDT.

The development exemplifies how TradFi and crypto markets increasingly interlock, potentially attracting new liquidity and users into digital asset venues that support traditional equities through innovative derivatives. Investors may find such products appealing for hedging or exposure without leaving the crypto infrastructure.

This material is for informational purposes only and does not constitute financial advice.