MicroStrategy and Tesla Lead Bitget's $5B Tokenized Stock Trading Surge

Bitget's stock futures contracts reached $5 billion in cumulative trading volume, the company announced yesterday (Tuesday), a fivefold increase from $1 billion recorded in early November, just four months after launching the product line in July

The crypto exchange crossed $3 billion in trading volume one week earlier, according to company figures. MicroStrategy futures led activity with $1.4 billion in trades, followed by Tesla at $1 billion and Apple at $472 million.

Tokenized Stocks Trading Activity Mirrors Tech Rally

The volume jump tracks with gains in U.S. equity markets, where third-quarter earnings and renewed interest in artificial intelligence stocks pushed major indices higher. Bitget currently lists over 30 USDT-margined perpetual futures tied to U.S. equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term, offering leverage up to 25 times and fees of 0.0065 percent.

The exchange launched a temporary fee reduction of 90 percent across all stock futures pairs through January 31. The platform went live with 25 stock-linked derivatives in July and has steadily added contracts since.

"Crossing $5 billion this quickly shows that traders aren't just playing around, they're adopting tokenized stock futures as part of their trading strategies," said Gracy Chen, chief executive of Bitget.

The company claims 120 million users globally and positions itself as a "Universal Exchange" that bridges crypto-native products with traditional financial markets under a unified account structure.

European Expansion Through Ondo Integration

Bitget's stock futures growth comes as the platform expands tokenized equity offerings through a partnership with Ondo Global Markets. The U.S.-based tokenization firm received regulatory approval from Liechtenstein's Financial Market Authority this week to offer tokenized stocks and ETFs across the European Union and European Economic Area.

Liechtenstein adopted the Markets in Crypto-Assets framework despite not being an EU member state. The authorization allows Ondo to serve retail investors in 30 countries, including all 27 EU nations plus Iceland, Liechtenstein, and Norway.

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Bitget integrated with Ondo Finance in September, giving users outside the United States access to over 100 tokenized stocks and ETFs with minimum purchases starting at one dollar. The companies are among the first to provide tokenized equity trading to a non-U.S. retail base at scale.

Competitive Pressure Builds in Tokenized Equities

Other crypto platforms have moved into equity-linked products this year. Robinhood partnered with Bitpanda to offer European customers 24/7 access to fractional U.S. stock trading, while Kraken and Coinbase have explored similar offerings through regulated channels.

The tokenized stock market remains small, with total market capitalization around $424 million as of mid-2025, though growth projections suggest rapid expansion ahead. Ondo manages over $1 billion in tokenized assets, with products structured through regulated custodians and bankruptcy-remote legal frameworks.

Bitget's stock futures contracts differ from direct tokenized shares. The derivatives settle in USDT and operate 24 hours a day, five days a week, matching traditional stock market hours but with crypto-style continuous trading and stablecoin Stablecoin Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including Read this Term settlement.

Tesla futures generated $380 million in volume within the first month after launch, followed by MicroStrategy at $262 million and Apple at $87 million, according to November data from the company.