Bitget Adds Six Stock Perpetuals as Tokenized Equity Race Heats Up
TREE NEWS reports: Bitget has listed six new stock perpetual contracts — SDGR (Schrödinger), PATH (UiPath), AGPU (Axe Compute), GNRC (Generac), HUT (Hut 8) and CYPH (Cypherpunk Technologies). The contracts are settled in USDT, support up to 20x leverage, and trade 24/7. The exchange now offers 319 stock perpetual markets, cementing its position as one of the most aggressive venues in the fast-growing tokenized-equity derivatives space.
Why Stock Perpetuals Matter
Stock perpetuals are a hybrid product: they borrow the mechanics of crypto perpetual futures — no expiry, funding-rate-driven pricing, round-the-clock trading — and apply them to traditional equity underlyings. For crypto-native traders, they offer exposure to names like UiPath and Generac without leaving a USDT-denominated account or navigating a traditional brokerage. For exchanges, they are a high-margin product that deepens engagement and differentiates offerings in a crowded derivatives market.
The selection of tickers is telling. Hut 8 is a bitcoin miner whose fortunes are tightly coupled to crypto markets. Schrödinger and UiPath sit in AI-adjacent software. Generac is a backup-power play increasingly linked to data-center demand. Cypherpunk Technologies nods directly to crypto culture. Together, the basket reads like a crypto trader’s watchlist translated into equities.
The Broader Trend: TradFi Meets Crypto Rails
Bitget is not alone. Rival exchanges have spent the past two years rolling out stock perpetuals, pre-IPO contracts and tokenized equity products, betting that 24/7 access to equities will appeal to traders who find traditional market hours and settlement cycles archaic. This sits adjacent to the broader real-world-asset (RWA) tokenization wave, in which asset managers are putting treasuries, funds and private credit on-chain.
- Access: 24/7 trading removes the constraints of NYSE and Nasdaq hours.
- Leverage: Up to 20x amplifies both opportunity and liquidation risk.
- Regulatory gray zone: Synthetic equity exposure outside traditional broker-dealer frameworks remains contested in major jurisdictions.
What to Watch
The key questions are whether liquidity in these long-tail tickers can sustain meaningful volume, how funding rates behave when underlying equity markets are closed, and whether regulators in the US, EU and Asia move to constrain synthetic equity products. If stock perpetuals keep growing, expect more listings, tighter spreads and eventually pressure on traditional brokers to offer round-the-clock trading of their own. For now, Bitget’s 319-market catalog signals that the convergence of equity and crypto derivatives is no longer a niche experiment — it is a product line.
