AMA精华速览：关于Bitget美股2.0，用户最关心的问题都在这里

The U.S. stock market has been buzzing lately, with popular sectors like semiconductors, storage, and optical communications seeing frequent surges, igniting users' trading enthusiasm.

However, traditional brokerages are constrained by regulatory uncertainty and compliance costs, making capital outflows and asset allocation a pain point for countless investors.

Last Tuesday, Bitget usher in a comprehensive upgrade to "U.S. Stocks 2.0," undergoing a complete transformation in areas such as dividend distribution, liquidity depth, and capital efficiency.

This Space specially invited four hardcore "guest challengers" from the crypto and U.S. stock circles, including Brother Bean @BroBean88, Xiadie Haida @xiadadhaida, Frank @qinbafrank, and Lu Ge @lugeweb3, to conduct a tough "interrogation" of Bitget's Head of Greater China, Jiayin, and Trading Product Director, Thomas.

During the live stream, Jiayin and Thomas not only addressed user concerns about the product but also offered an early preview of the June product roadmap, delivering a wealth of information and valuable insights.

Highlights Q&A Review

1. Product Features & Future Roadmap

Q (Brother Bean): As a long-time user of IB (Interactive Brokers) and Futu/Tiger, traditional brokerages offer very comprehensive fundamental analysis tools, options data, earnings calendars, and AI-assisted quick order functions. Based on my experience, Bitget seems relatively weak in these research and analysis tools. Is there a clear optimization roadmap planned?

Thomas: Traditional brokerages have been developing for over a decade, even decades, and their features are very mature. Our U.S. stock product has been live for less than two weeks. The stock business is currently an absolute strategic heavyweight product direction for Bitget, and we will unwaveringly invest resources.

Over the next 1 to 2 years, we will continuously strengthen the competitiveness of our U.S. stock product. Our long-term goal is to build an All-in-One platform, allowing users to complete the entire "research-to-trade" closed loop within Bitget.

Jiayin: Traditional brokerages have operated within mature market mechanisms for years, establishing stable trading systems and user recognition. In contrast, Bitget has grown from the high-intensity competition of the crypto market, bringing more efficient trading technology, more flexible product design, and a stronger sense of user service to the U.S. stock trading scene.

I can confidently say that Bitget's U.S. stock spot market is highly competitive among exchanges in the same track, whether in liquidity depth, execution efficiency, or the smoothness of the trading experience.

2. Dividend Distribution, Stock Splits/Reverse Splits, and Tax Handling

Q (Brother Bean): Under Bitget's U.S. stock mechanism, how do dividend rights, distribution timing, and tax handling differ from traditional brokerages? What is the specific calculation mechanism?

Thomas: From the start of the design process, we strived to pursue a scheme completely identical to U.S. stocks.

• Regarding Tax Withholding: Due to the platform's universal nature, we currently cannot benefit from the preferential 20% tax rate like by submitting a W-8 form with IB. Currently, dividend tax will be uniformly deducted at the standard 30% U.S. stock rate.
• Regarding Capital Gains Tax (Income Tax): Since Bitget uses a tokenized rToken model, it does not involve capital gains tax.
• Regarding Distribution Timing: The distribution schedule is consistent with traditional brokerages.
• Regarding Token Withdrawals: As it is a tokenized product, even if users withdraw their U.S. stock tokens to their own wallet on the chain, they will still receive interest airdrops. If a U.S. stock undergoes a split or reverse split, it will be proportionally reflected in the number of tokens in the user's wallet.

3. Underlying Mechanism, Slippage, and "Listing" Efficiency

Q (Brother Bean & Lu Ge): Bitget follows the asset tokenization (rToken) route, adding a layer of token conversion. Compared to other schemes that directly connect to brokerages, could there be issues with price slippage, spreads, or low efficiency in listing new stocks?

Thomas: This is the most concerning issue for everyone. Last year, we integrated a third-party Ondo solution, which had some limitations in practice, such as a maximum single transaction amount of $200,000 and insufficient execution speed. Based on this user feedback and product experience issues, we began advancing the RWA protocol Reality from the end of last December, aiming to improve the trading efficiency, asset transparency, and user experience of tokenized U.S. stocks from the underlying architecture.

Currently, the prices and depth displayed on our platform are completely real U.S. stock data. The underlying orders are routed through and directly sent to the order books of NASDAQ and the NYSE. Therefore, there is no difference between us and Futu/Tiger in terms of price slippage and execution efficiency. Even during off-market hours (pre-market, after-hours, overnight), we can switch order modes for users, supporting quick market order placement.

Jiayin: We conducted strict real-time market tests. The purchase price on Bitget was exactly the same as on Futu, showing zero price difference. The execution speed is millisecond-level. Whether placing limit orders or taking market orders, the experience is extremely smooth, handling large buy/sell volumes without issue.

Regarding Listing Speed: The process for listing U.S. stocks is more rigorous. Currently, we have listed two to three hundred stocks in just over a week. We will maintain a high listing speed in the future and commit to listing 500 mainstream U.S. stocks within the next 7 days. This goal is not purely about quantity; it is based on platform trading data analysis. If the stock selection is precise enough, 500 popular stocks can already cover approximately 98% of trading volume demand.

4. Stability During Extreme Market Events & Asset Security

Q (Haida & Lu Ge): If there is a sudden extreme black swan event with a sharp rise or fall in a single day, can Bitget ensure smooth operation without lag or order execution failure? What if the issuer of the tokenized U.S. stock assets, Reality, runs away or goes bankrupt? Who is responsible for the users' assets?

Thomas: Regarding extreme market events, we are continuously optimizing the trading chain. In the future, we will integrate a "dedicated line" for high-frequency trading from Wall Street. At that time, our trading performance, throughput, and speed will reach world-class levels, providing ordinary users with the same smooth experience as large brokerages and quantitative hedge funds.

Jiayin: As for the risk of a rug pull, everyone can rest assured:

1. Reality is an in-house product developed by the Bitget team, with deep underlying cooperation with licensed broker Alpaca.
2. Bitget has been operating for 8 years, maintaining an excellent platform security record.
3. Our asset reserve proof exceeds 100%+.
4. We have a $300 million Bitget User Protection Fund, specifically designated to address major risks like black swan events.

5. Real Collateralization & Third-Party Audits

Q: How can users verify that the U.S. stock tokens they buy are backed by real assets? How is one-to-one real collateralization proven?

Thomas: We have hired a licensed third-party professional accounting and auditing firm in the U.S. (The Network Firm) to conduct 24/7 monitoring and auditing of our stocks and on-chain tokens.

We disclose the securities and fund accounts held with our partner brokerage to the auditing firm. They can directly read the underlying quantity of our stocks and simultaneously compare it with the public information of the on-chain token smart contracts. They will publish corresponding audit reports in real-time daily and monthly for public disclosure. If the asset ratio falls below 100%, it will be immediately reported.

6. Community Content, Investor Education & Operational Strategy

Q (Frank): U.S. stocks differ from cryptocurrencies as they have highly multidimensional structured data and sector concepts. Platforms like Futu and Tiger place great emphasis on building in-platform content ecosystems, supporting top traders to write analyses and create visual sector maps to stimulate and assist users in making trading decisions. What are Bitget's plans for content operations and investor education?

Thomas: Content and timeliness are crucial for U.S. stock trading. Over the past month or so, we have been intensively negotiating and purchasing data from several major U.S. stock information and data providers. Features like earnings reports, in-depth analysis, and news will be gradually launched with product iterations, benchmarking against traditional brokerages.

Jiayin: When developing the U.S. stocks product, we found that many U.S. stock users are "newbies" to crypto, sometimes needing step-by-step guidance on how to bind Google Authenticator. Therefore, investor education is our top priority. We are actively building a team, have interviewed multiple U.S. stock analysts from traditional industries, and assembled an 8-person BD team and professional U.S. stock content operations. With some traditional brokerages adjusting their services, there is indeed a new wave of user demand emerging in the market. What we need to do is solidify our basic services, user education, and operational support to help these users adapt to new multi-asset trading methods more smoothly and efficiently.

💡 Sneak Peek: Bitget U.S. Stocks June Plan & Key Milestones

At the end of the Space, Jiayin and Thomas outlined the dense "firepower" coming in June:

Mid-June:

• For Trading VIP and Capital VIP level 3 and above customers, fully unlock the complete order book for U.S. stock spot trading.
• The Unified Account model will fully support U.S. Stocks 2.0 spot trading.
• Launch "Weekend Trading"! Ushering in a new era of 7×24 hour U.S. stock trading. The first batch will support 20 hot U.S. stocks for weekend trading, with plans to gradually expand to around 100 stocks.

Late June:

• Launch "U.S. Stock Strategy Trading (Grid, etc.)" and "U.S. Stock Copy Trading" features.
• Launch "Staking/Lending," supporting the use of U.S. stock spot positions as collateral for futures margin or loans, enhancing users' capital efficiency.

Next 1~2 Months:

• Introduce an on-chain U.S. stock solution. Users will be able to directly trade U.S. stock tokens on-chain via Web3 wallets like Bitget Wallet.
• Open API interfaces for U.S. stock spot trading, catering to the needs of professional traders and quantitative teams.

Bitget U.S. Stocks 2.0, with its highly competitive liquidity, millisecond-level product experience advantages, and the solid 7×24 hour operational plan, is racing at full speed towards building the smoothest All-in-One asset allocation platform!