Bitget's $5B Surge Signals Crypto-Wall Street Convergence

Bitget's US Stock Contracts have surged past $5 billion in cumulative trading volume, driven by demand for equities-linked derivatives tied to major technology and consumer discretionary stocks. The platform reported that MicroStrategy (MSTR), Tesla (TSLA), and Apple (AAPL) led the charge, with trading volumes of $1.4 billion, $1 billion, and $472 million, respectively. This growth coincides with a time-limited fee discount promotion offering users a 90% reduction in stock futures trading fees until January 31, 2026.

The momentum follows Bitget's launch of Phase 6 of its "Stock Futures Rush" campaign, which allocates $270,000 in tokenized NVDA shares as rewards. Participants can earn trading credits by hitting volume tiers, compete for a $8,000 NVDA grand prize, or complete daily tasks for Mystery Box giveaways. Eligible pairs include TSLAUSDT, AAPLUSDT, and NVDAUSDT, among others, though institutional accounts and PRO sub-accounts are excluded.

Bitget Wallet further expanded its real-world asset (RWA) offerings by integrating tokenized stocks and ETFs via Ondo Global Markets, enabling 24/5 trading of over 100 assets with onchain settlement. This update positions the platform as a self-custodial gateway to global equity markets, particularly resonating in emerging economies where access to traditional U.S. capital markets is limited. The wallet also introduced a five-week holding initiative and a $550,000 prize pool for tokenized stock holders.

The platform's success reflects broader trends in tokenized asset adoption. Tokenized Treasuries alone have surpassed $8.6 billion in market capitalization, while mobile-first wallets increasingly serve as distribution channels for traditional assets. In Africa, users leverage Bitget's P2P infrastructure to convert local fiat to USDT, trade stock-linked futures, and cash out via the same network, reducing reliance on brokers.

Meanwhile, the U.S. equity derivatives landscape is evolving. Cboe Global Markets announced the December 8 launch of futures and options on its Magnificent 10 Index, which tracks 10 large-cap tech and growth stocks. The product aims to simplify exposure to mega-cap names like NVIDIA and AMD, aligning with heightened demand for tech sector instruments.

Bitget's rapid growth underscores the blurring lines between crypto and traditional markets. As users trade stock futures alongside crypto pairs in a single interface, the Universal Exchange (UEX) model gains traction. CEO Gracy Chen highlighted the $1 billion milestone in stock futures volume as evidence of this convergence. However, risks persist: leveraged derivatives amplify losses, and 24/7 trading can lead to gaps relative to underlying equities. Bitget's disclosures emphasize that its products mirror price movements but do not confer ownership or dividend rights.