Bitget Launches Industry's First TradFi Quanto Perpetual Contract, First Underlying MINIMAX

Odaily, Odaily: Bitget has announced the launch of the MINIMAX Quanto perpetual contract, MINIMAXHKDUSDT, supporting up to 20x leverage and 24/7 trading. As the industry's first TradFi Quanto perpetual contract, this product allows users to directly trade non-USD denominated overseas stocks, such as Hong Kong stocks, using USDT, without the need for any foreign currency exchange. The contract itself is quoted in Hong Kong dollars, while margin deposits and profit/loss settlements are conducted entirely in USDT, simplifying the trading process while effectively mitigating the additional risks brought by exchange rate fluctuations.

According to a TokenInsight report for the second quarter of 2026, TradFi perpetual contracts have become the fastest-growing track, with monthly trading volume surging from approximately $52 billion in January to $268 billion in June, a five-fold increase. Against this backdrop, Bitget's TradFi contract trading volume in the second quarter was approximately $69 billion, ranking second in the industry with an 11.01% market share.