Bitget tests TradFi trading with forex, gold and stock derivatives using USDt
Bitget launched a private beta for a new feature allowing crypto users to trade forex, gold, and stock derivatives using USDt collateral.Summary
Crypto exchange Bitget has initiated a private beta test for a new TradFi trading feature that enables users to access forex, commodities, and stock derivatives contracts using Tether's USDt as collateral. This integration allows users to trade traditional assets alongside existing crypto spot and derivatives products on a single platform without needing separate brokerage accounts or currency conversions. Currently, access is limited to selected users while Bitget evaluates performance and risk controls in these new markets. Bitget CEO Gracy Chen called the integration of crypto, gold, stocks, forex, and commodities under one system "historic." This move follows other exchanges like Kraken and Bybit in integrating traditional financial products, while traditional brokers are simultaneously exploring crypto integration.
(Source：Cointelegraph)