Bitget's stock futures contracts surpassed $1 billion in cumulative trading volume, reaching the milestone two weeks after hitting the $500 million mark, according to company figures released today (Thursday).

These figures clearly indicate that the boom in tokenized equities is not just a passing fad, but a hot trend that traditional large exchange operators are also starting to embrace.

Bitget Cracks $1B in Stock Trading as Wall Street Goes Tokenized

The crypto exchange, which claims 120 million users globally, launched USDT-margined perpetual futures tied to 25 U.S. stocks in July. Traders can access derivatives on companies including Apple, Amazon, Meta, and NVIDIA with leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term up to 25x and fees at or below 0.06%.

Tesla futures led volume with $380 million in trades, followed by Strategy at $262 million and Apple at $87 million. The three stocks accounted for roughly 73% of total activity on the platform.

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The growth coincides with gains in U.S. equity markets, where the S&P 500 has climbed 18% this year through Tuesday's close, driven partly by earnings beats from technology companies and renewed interest in AI-focused stocks.

“Crossing the $1 billion mark in such a short time shows how fast traders are embracing stock futures as part of a unified digital trading experience,” said Gracy Chen, CEO of Bitget. “It's a signal that the line between traditional markets and digital assets is disappearing, and our Universal Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term model is where that convergence is happening first.”

Crypto Platforms Add Stock Products

Bitget expanded its stock-linked offerings this week with perpetual futures tied to Netflix, Futu Holdings, JD.com, Reddit, and the Nasdaq-100 index tracking fund. The additions follow the platform's initial July rollout, when it integrated xStocks technology to enable 24/5 trading of tokenized equities.

“We're entering a new phase of market access, one where crypto, stocks, and traditional finance don't compete, they coexist and complement each other,” Chen commented in July.

Kraken announced similar capabilities in May, joining Robinhood and other platforms offering crypto users access to traditional equity markets through blockchain-based instruments. The products allow trading outside standard market hours and settlement in seconds rather than the two-day clearing window used by conventional brokerages.

Switzerland's financial regulator FINMA recently granted a distributed ledger technology trading license to BX Digital, a platform backed by Boerse Stuttgart Group. The exchange plans to list over 100 tokenized stocks and ETFs issued by Ondo Finance, giving European institutional investors blockchain-based versions of U.S. equities that settle in real time.

Questions Around Product Structure

The crypto industry's push into stock trading comes as tokenized securities gain regulatory acceptance in select jurisdictions. Switzerland has emerged as an early testing ground for blockchain-based financial instruments, while U.S. regulators have yet to establish clear frameworks for domestic offerings.

Bitget's stock futures function as derivatives rather than direct equity ownership. Users trade contracts settled in Tether's USDT stablecoin, with positions tracking price movements of underlying stocks without conferring shareholder rights or direct exposure to corporate actions like dividends.

The structure resembles contracts for difference, a leveraged derivative product popular in Europe and Asia but restricted for retail traders in the United States. CFDs have faced criticism from regulators over high loss rates among retail users, with European Securities and Markets Authority data showing 74–89% of retail CFD accounts lose money.

Bitget operates from Seychelles and restricts access for U.S. residents. The platform's stock futures remain available to users in jurisdictions where crypto derivatives trading is permitted.

The $1 billion volume figure represents cumulative trading activity since the July launch rather than open interest or assets under management. Bitget has not disclosed user counts specifically for its stock futures products or broken out profitability of the offering.