Bitget Launches US Stock Perpetual Contracts and RWA Index Futures for Tesla, Nvidia, and Circle

Executive Summary

Bitget has launched 25 USDT-margined perpetual contracts for US stocks and Real-World Asset (RWA) Index perpetual contracts for Tesla, Nvidia, and Circle, significantly expanding crypto derivatives trading into traditional equities. This strategic move broadens asset accessibility for crypto traders and is designed to increase Bitget's market presence and trading volume by blurring the lines between traditional and digital asset markets.

The Event in Detail

Bitget has introduced two distinct offerings designed to integrate crypto and traditional financial markets. The platform now offers 25 USDT-margined perpetual contracts for prominent US stocks, including Apple, Tesla, Amazon, and Nvidia. These contracts feature a flexible leverage range of 1x to 25x and facilitate 5x24-hour trading, presenting an alternative to conventional brokerage services. Trading operations are aligned with traditional market holidays, during which these contracts are suspended.

Furthermore, Bitget officially launched its RWA Index Perpetual Contract on August 20, 2025. This product provides continuous exposure to real-world asset pricing through contracts specifically tied to the performance of Tesla, Nvidia, and Circle. This innovation serves as a key mechanism for crypto derivatives trading to directly reflect the dynamics of tokenized stocks, marking a critical step in connecting traditional and digital asset classes.

Deconstructing the Financial Mechanics

The RWA Index Perpetual Contracts incorporate a sophisticated composite index model to establish pricing. For the Tesla RWA contract, pricing data is aggregated from multiple tokenized stock sources, including xStocks, mitigating dependence on a singular price feed and ensuring a robust valuation. Similarly, the Nvidia RWA contract pools tokenized NVDA assets from various issuers to maintain balanced pricing, operating akin to existing crypto perpetuals with hourly settlements during active trading periods.

The CRCL/USDT RWA contract for Circle also employs this composite index strategy, drawing price data from diverse RWA token sources for enhanced reference and stability. These RWA contracts are fully integrated within Bitget's derivatives framework, supporting identical margin and leverage settings as its other offerings. The exchange maintains a 5-day trading cycle with hour-based settlements. During periods of traditional market closure, prices remain fixed, though traders retain the functionality to adjust margin or cancel orders. Bitget enforces strict liquidation rules, consistent with its crypto derivatives, to manage trading risk.

Business Strategy & Market Positioning

Bitget's expansion into US stock perpetual contracts and RWA index futures aligns with its broader strategy to secure a larger share of the derivatives market and attract institutional capital. The platform's strategic initiatives have significantly driven its growth, reaching an average of $750 billion in monthly derivatives trading volume by mid-2025, with derivatives constituting 90% of its total activity. From November 2023 to June 2025, Bitget recorded $11.5 trillion in cumulative derivatives volume, solidifying its position among the top four global exchanges.

This growth is substantially propelled by institutional participation, which contributed 50% of derivatives volume and 80% of spot trading volume in the first half of 2025. Bitget has developed an institutional-grade infrastructure, including a unified margin system, institutional lending programs, and a Liquidity Incentive Program. The platform's native token, BGB, experienced an 860% surge year-to-date, positioning it as the third-most traded asset on Bitget. The platform's high liquidity, evidenced by its leading rankings for aggregated ETH and SOL spot depth, enhances its appeal to institutional players requiring reliable trading environments. This strategy mirrors the approach of entities like MicroStrategy, which have successfully blended traditional financial assets with digital asset strategies. Bitget's acquisition of regulatory licenses in El Salvador and Georgia further underscores its commitment to compliance and global market expansion.

Market Implications

The introduction of US stock perpetuals and RWA index contracts by Bitget carries substantial market implications. It accelerates the convergence of traditional finance (TradFi) and decentralized finance (DeFi), propelling the crypto market towards an "always-on" global economic model. This development is expected to heighten the demand for stablecoins such as USDT for collateral. It may also incentivize other crypto exchanges to offer similar traditional financial products, fostering increased competition and expediting the integration of these distinct markets.

While these new offerings present avenues for diversification, hedging, and speculative trading opportunities for crypto participants, they simultaneously introduce new risk factors linked to traditional stock market volatility into the crypto ecosystem. The observable increase in institutional involvement, as indicated by Bitget's performance metrics, suggests a maturation of crypto derivatives as a recognized asset class. This trend is consistent with ongoing regulatory dialogues in the US, where entities like the SEC and CFTC are investigating frameworks for 24/7 capital markets and perpetual futures contracts, anticipating a future state where traditional and digital asset markets operate cohesively.

Broader Context

Bitget's recent product launches are indicative of a broader industry movement toward the integration of real-world assets (RWAs) into blockchain ecosystems and the expansion of crypto derivatives to encompass traditional financial instruments. Regulatory bodies globally are progressively establishing more defined frameworks for digital assets. The SEC's evolving stance on digital asset ETFs, exemplified by the approval of Bitcoin and Ethereum spot ETFs, sets a precedent for future innovations, including staked ETFs. This regulatory evolution, coupled with initiatives such as tZERO's applications for DCO and DCM licenses from the CFTC to bridge traditional derivatives with digital assets, signals a strategic pivot toward compliant, integrated financial markets. The expansion of platforms like Bitget provides a tangible illustration of how blockchain technology is being utilized to construct more efficient and accessible capital markets, contributing to what some analysts refer to as "Capitalism 2.0" through the enablement of programmable and customizable financial instruments.