Bitget launches TradFi Quanto Perpetual Futures
Analysis based on 12 articles · First reported Jul 21, 2026 · Last updated Jul 21, 2026
Bitget's launch of TradFi Quanto Perpetual Futures strengthens its position in the rapidly growing TradFi perpetuals market, potentially attracting more users and volume. The innovation may pressure other exchanges to offer similar products, increasing competition and liquidity in the crypto derivatives space.
Bitget, the world's largest Universal Exchange, launched the industry's first TradFi Quanto Perpetual Futures on July 21, 2026. The new derivative enables trading of non-USD-denominated stocks using USDT without currency conversion. The first contract, MINIMAXHKDUSDT, tracks China — Hong Kong-listed AI company MiniMax with up to 20x leverage. The contract prices the underlying stock in its local currency (HKD) but settles margin, funding fees, and realized P&L entirely in USDT, treating local-currency price as numerically equivalent to USDT at 1:1. This eliminates forex conversion risk for traders. The launch follows a year of TradFi product expansions by Bitget, including tokenized stock perpetuals, CFD trading, Pre-IPO service IPO Prime, and US stock options. According to TokenInsight's Q2 2026 report, TradFi perpetuals monthly volume grew from $52 billion in January to $268 billion in June, with Bitget capturing 11.01% market share and ranking second globally.
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