Bitget Goes Quanto, Because Why Settle for Crypto Vol When You Can Trade HKD Equities Too 📈

Bitget has introduced what it describes as the first TradFi Quanto Perpetual Futures product, allowing traders to take leveraged positions on selected non-U.S. stocks while keeping margin, funding and PnL denominated in USDT. The inaugural contract, MINIMAXHKDUSDT, is linked to Hong Kong-listed artificial intelligence firm MiniMax and is available on the platform with leverage of up to 20x.

Under the product's structure, the underlying stock continues to be priced in its local market currency, while USDT is treated at a 1:1 numerical value for accounting purposes. Margin, funding payments and realized profits or losses are settled in the stablecoin, removing the need for users to convert USDT into local fiat before entering or managing positions. Bitget stated the design allows traders to track the price movement of the underlying equity without handling foreign exchange conversion during trading.

Bitget CEO Gracy Chen framed the launch as an extension of an existing derivatives concept into a new asset class. "Quanto contracts are not new in crypto derivatives, but no major exchange has applied the structure to traditional financial assets until now," Chen said. She added that the rollout is part of a broader product roadmap that includes Pre-IPO access and additional U.S. stock offerings, though specific tickers, dates and listing timelines were not disclosed in the announcement.

The exchange positioned the launch as a step in bridging traditional and crypto-native trading infrastructure, citing demand from users seeking single-platform exposure to both digital assets and selected equities. Bitget did not specify which additional non-U.S. stocks would be added to the TradFi Quanto Perpetual Futures lineup next, and the announcement did not detail fee schedules, oracle providers or risk parameters beyond the stated 20x maximum leverage for the MINIMAXHKDUSDT contract.