Bitget has introduced a private beta for a new TradFi trading feature that allows cryptocurrency users to access forex, commodities, and stock derivatives contracts using stablecoins as collateral.
This feature enables Bitget users to trade major fiat currency pairs, gold, and other derivatives alongside crypto spot and derivatives products on a single platform. Trades will be margined and settled using Tether’s USDt (USDT), providing users with access to traditional trading markets without the need to open a separate brokerage account or exchange currencies.
As noted in Monday’s announcement, the feature is currently limited to select users and is rolling out in a testing phase, with access restricted as Bitget assesses performance and risk controls across the new markets.
Bitget CEO Gracy Chen remarked that integrating cryptocurrency, gold, stocks, forex, and commodities into one system is a “historic” milestone.
Founded in 2018, Bitget is a centralized cryptocurrency exchange offering spot and derivatives trading, copy trading, and related cryptocurrency services to users globally.
According to CoinMarketCap, the exchange ranks sixth among the top exchanges by crypto spot trading volume and within the top five derivatives exchanges, boasting around $1.8 billion in daily spot volume and nearly $12 billion in derivatives volume.
Bitget noted that its derivatives products operate under the supervision of Mauritius’ Financial Services Commission and offer leveraged exposure of up to 500 times.
In July, Bitget announced support for tokenized stocks on its on-chain platform through an integration with xStocks, giving users blockchain-based exposure to equities like Tesla, Nvidia, Apple, and Strategy.
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Crypto exchanges integrate TradFi products
Other digital asset exchanges are also looking to integrate traditional financial products into crypto trading.
In April, Kraken began expanding its services to include commission-free trading for over 11,000 US-listed stocks and exchange-traded funds. Kraken co-CEO Arjun Sethi noted that the firm’s shift into equities reflects a growing demand for a unified platform that can support trading across both crypto and traditional assets, aligning with a broader trend towards tokenized, blockchain-based markets.
In July, Bybit launched a TradFi trading feature that enables users to trade gold, forex, commodities, indexes, and derivatives products directly within its app. This product utilizes a single account and crypto wallet to access both crypto and traditional markets, including a variety of stock derivatives linked to major global companies.
Meanwhile, traditional brokerage platforms are starting to integrate crypto assets and digital asset infrastructure, marking a concurrent initiative from the financial sector. Interactive Brokers recently indicated a potential launch of a proprietary stablecoin to fund brokerage accounts.
The brokerage firm, which is still reviewing the proposal, collaborates with crypto infrastructure providers Paxos and Zero Hash.
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