Bitget Tests TradFi Trading with Forex, Gold and Stock CFDs
Bitget has launched a private beta of a new feature allowing crypto users to trade forex, commodities, and stock derivatives using stablecoins, specifically USDT, as collateral. This enables users to access traditional financial markets, such as major fiat currency pairs and gold, without opening a separate brokerage account or converting currencies. Currently, access is limited to selected users as Bitget tests performance and risk controls. Bitget, a leading global crypto exchange, is ranked among the top exchanges for spot and derivatives trading volumes. Its products operate under regulatory oversight from Mauritius and offer up to 500x leverage. Bitget also recently introduced tokenized stocks via xStocks integration. Other crypto exchanges, including Kraken and Bybit, have similarly expanded into traditional asset markets by adding support for equities, forex, and commodities within their platforms. At the same time, traditional brokerages are beginning to integrate crypto capabilities, including the potential launch of proprietary stablecoins to fund accounts. These developments reflect a growing trend of convergence between crypto and traditional financial markets.
