Universal Exchange, Bitget, has surpassed the $1bn mark in the volume of its US stock-linked futures.
According to a statement on Tuesday, the Chief Executive Officer of Bitget, Gracy Chen, said the feat reflected the fast adoption of stock-style exposure within a crypto app by users who already fund accounts in USDT and switch between crypto and stock-linked markets on mobile.
Reports confirm that Bitget, in October, launched a new Universal Exchange designed to bridge cryptocurrency trading with tokenised US stocks and exchange-traded funds, giving Nigerian investors broader access to global markets.
“Crossing the $1bn mark in such a short time shows how fast traders are embracing stock futures as part of a unified digital trading experience. It’s a signal that the line between traditional markets and digital assets is disappearing, and our Universal Exchange model is where that convergence is happening first. What happened includes Bitget launching USDT-margined perpetual futures on 25 US stocks, for example, Apple, Amazon, Meta and Microsoft, and later adding contracts like NFLXUSDT, JDUSDT and QQQUSDT. The product targets traders who want stock exposure but prefer a 24/7 crypto interface,” said Chen.
She added that perpetual stock futures on Bitget are derivatives valued in USDT that track selected US equities.
“They don’t give you company shares or dividends; they mirror price moves so you can go long/short with defined margin and fees,” she disclosed.
