Bitget has quietly opened a private beta for a TradFi trading feature that lets crypto traders access forex, commodities and stock derivatives using stablecoins as collateral.
What it does
- Users in the private beta can trade major fiat currency pairs, gold and other derivatives alongside crypto spot and derivatives products on the same Bitget account.
- All trades are margined and settled using Tether’s USDT, so users can access traditional markets without opening a separate brokerage account or converting fiat balances.
- Access is currently limited to selected users while Bitget evaluates platform performance and risk controls during the testing phase.
Why it matters
Bitget frames the move as a step toward a single, unified trading infrastructure. CEO Gracy Chen described integrating cryptocurrency, gold, stocks, forex and commodities under one system as “historic,” underscoring the firm’s push to blur the line between crypto and traditional finance.
Exchange snapshot and product details
- Founded in 2018, Bitget is a centralized exchange offering spot and derivatives trading, copy trading and other crypto services globally.
- Per CoinMarketCap, Bitget ranks sixth by crypto spot trading volume and inside the top five for derivatives, reporting roughly $1.8 billion in daily spot volume and nearly $12 billion in derivatives volume.
- Bitget’s derivatives arm is overseen by the Mauritius Financial Services Commission and offers leveraged exposure up to 500x.
Recent related moves
- In July Bitget added tokenized stocks on its on-chain platform via an integration with xStocks, enabling blockchain-based exposure to equities including Tesla, Nvidia, Apple and other names.
- Other exchanges are pursuing similar integrations: Kraken launched commission-free trading for more than 11,000 U.S.-listed stocks and ETFs earlier this year, and co-CEO Arjun Sethi framed the push as meeting demand for a single platform across crypto and traditional assets.
- Bybit in July also rolled out a TradFi feature that brings gold, forex, commodities, indexes and dozens of stock derivatives into its app using a single account and crypto wallet.
Wider industry context
The move by crypto exchanges to fold TradFi instruments into their products runs alongside traditional brokerages moving toward crypto. Interactive Brokers has signaled interest in a proprietary stablecoin to fund brokerage accounts and is working with infrastructure partners including Paxos and Zero Hash.
Bottom line
Bitget’s private beta is another example of centralized crypto platforms building bridges to traditional markets—letting traders remain on one rails and use stablecoins like USDT as operational collateral. The pilot will reveal how exchanges handle the operational, liquidity and regulatory challenges that come with blending highly leveraged crypto derivatives and standard TradFi instruments on a single platform.
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