Bitget launches the industry's first TradFi Quanto perpetual contract, with the first underlying asset being MINIMAX

Odaily Planet Daily News Bitget announced the launch of the MINIMAX Quanto perpetual contract MINIMAXHKDUSDT, supporting up to 20x leverage and 7×24 hour 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 foreign currency exchange throughout the process. The contract itself is quoted in Hong Kong dollars, while margin deposits and settlement of profits and losses are completed in USDT, simplifying the trading process and effectively avoiding the additional risks brought by exchange rate fluctuations.

According to the TokenInsight Q2 2026 report, 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, an increase of 5 times. Against this backdrop, Bitget's Q2 TradFi contract trading volume was approximately $69 billion, ranking second in the industry with an 11.01% market share.