Bitget Launches First TradFi Quanto Perpetual With 20x Leverage

TradFi perpetual contracts bring exposure to conventional assets such as equities into crypto derivatives markets, allowing digital-asset traders to track overseas shares without directly funding a foreign brokerage account. A Quanto structure quotes the underlying in one currency while settling collateral and profit or loss in another. Bitget says the model reduces the need for foreign-exchange conversion and simplifies margin management for users holding USDT.

Bitget has launched MINIMAXHKDUSDT, which it describes as the industry’s first TradFi Quanto perpetual contract. The product references MINIMAX and is quoted in Hong Kong dollars, while margin and all gains or losses are settled directly in USDT. It offers round-the-clock trading and leverage of as much as 20 times. The supplied report did not specify the announcement date or the contract’s exact trading start date.