Bitget has launched the industry’s first TradFi Quanto Perpetual Futures, allowing trading of non-USD-denominated stocks using USDT without currency conversion. The first contract, MINIMAXHKDUSDT, tracks Hong Kong-listed AI company MiniMax and is available with up to 20x leverage exclusively on Bitget.
The MINIMAXHKD contract prices the underlying stock in its local currency, HKD, but settles all transactions in USDT. This structure means the contract’s pricing movement aligns directly with the underlying stock, eliminating the need for fiat currency involvement.
“Quanto contracts are not new in crypto derivatives, but no major exchange has applied the structure to traditional financial assets until now,” said Gracy Chen, CEO at Bitget. “The Quanto contracts remove the last barrier for global traders: currency conversion. Anyone holding USDT can now trade Hong Kong and other non-USD stocks as easily as they trade Bitcoin.”
This product addresses a common issue for traders wishing to buy Hong Kong stocks in HKD, who typically need to convert USDT to HKD, incurring exchange rate risk. Bitget’s structure eliminates this step, allowing for straightforward trading. For instance, a trader opening a long position of 10 MINIMAXHKDUSDT contracts at a price of 30 and closing at 50 would earn 200 USDT, settled directly to their futures account without any forex conversion.
The launch coincides with a significant growth in the TradFi perpetual trading market. According to TokenInsight’s Crypto Exchange Report for Q2 2026, TradFi perpetual trading volume surged from approximately $52 billion in January to $268 billion in June, marking a fivefold increase. Bitget generated nearly $70 billion in volume during this period, capturing 11.01% market share and ranking second among all exchanges.
The introduction of Quanto Perpetual Futures is part of Bitget’s broader strategy to integrate digital asset infrastructure with traditional financial markets. Gracy Chen noted, “The data points to a market that is starting to catch up with the vision behind our Universal Exchange.”
Bitget’s ecosystem serves over 125 million users and offers access to more than 2 million crypto tokens and over 500 tokenized stocks. The exchange’s futures open interest market share increased from 7.81% in Q1 to 8.58% in Q2 2026.
The MINIMAXHKD Quanto Perpetual Contracts are live on Bitget, supporting 24/7 trading and funding rate settlement every 8 hours, with the potential for 20x leverage.
