Today marks the 8th anniversary of Bitget. At this moment, I want to share some heartfelt thoughts from the past year. In the early stages of many product decisions, we only believed that the direction was correct, but we were not entirely sure about user acceptance. Previously, from dialogues with some users, I learned that they were quite dissatisfied with the current state of trading, such as wanting more assets; but we could not foresee whether these former crypto users would try trading traditional assets after we launched Pre-IPO or tokenized stocks. What surprised me was that after these products were truly launched, the market's feedback far exceeded our expectations.

Last September, we announced our transformation to UEX - Universal Exchange, a panoramic exchange. There was no shortage of skepticism from the outside; some said this was a marketing concept for our anniversary, while others said we were following the RWA trend. We did not respond to each of them individually, because the most powerful answer has never been a pale explanation, but rather real actions that deliver.

The transformation of Bitget in the past 12 months was not to respond to industry competition, but because we truly saw the situation of users: fragmented assets, fragmented accounts, fragmented time, fragmented regions - it is still a hassle for a person to manage their crypto assets, US stocks, commodities, and forex positions in one place. It's already 2025, 2026; how can trading still be so fragmented? This is unreasonable, and we want to change it.

Today, almost all major exchanges have started offering traditional financial trading services. This direction is precisely what Bitget has pioneered. The years 2025 to 2026 will be the first year of multi-asset trading that we build and witness together.

From a follower to a leader in product innovation

For a long time, Bitget has played the role of a follower in the industry.

We did not have the earliest brand accumulation, the largest traffic entrance, nor the first-mover advantages and early dividends of industry veterans. Because of this, we understand better than anyone that the only way out is to focus on “being the best trading platform” itself - no internal conflicts, no chasing short-term hype, putting every bit of effort into the product and users. This earnest pursuit of excellence as a follower has instead become our most important competitive asset.

At the same time, we are seriously considering a fundamental question: What should the “small matter” of trading look like?

We see clearly: With technological evolution, the simple bifurcation of CEX and DEX has become outdated, and both are trapped within the boundaries of the crypto world; for users who wish to allocate both US stocks and gold, forex, they need a new type of trading platform.

Therefore, we proposed the product form of UEX - allowing users to participate in global asset trading with stablecoins as a medium within one account, one experience, and one liquidity infrastructure, breaking asset boundaries and continuously iterating.

Today, one year after proposing UEX, Bitget is no longer just a follower; we have created many industry-first products:

The first mainstream crypto exchange to launch perpetual contracts for stocks; the first to support direct trading of on-chain tokens through Bitget Onchain in spot accounts; the first mainstream crypto exchange to provide both primary subscription and secondary trading for Pre-IPO tokens; the first to launch a cross-asset unified account supporting US stock tokens as collateral; the first mainstream crypto exchange to support US stock options trading; the first to launch Hong Kong stock Quanto contracts; and the launch of the world’s first installation-free autonomous AI trading agent, GetClaw.

Behind every “first” is our belief that users should not bear the costs of the industry’s structural flaws. The follower mentality keeps us hungry, but our underlying drive to do these things has always been the same: to perfect the act of trading.

Report card of the multi-asset trading year

This year, Bitget was awarded "Global Best Multi-Asset Trading Platform" at the Online Trading Expo. This is our first industry award in the traditional finance sector; its significance lies not in the award itself - but in that it indicates one thing: an exchange that started in crypto is being recognized by the traditional financial world.

I gave a keynote speech at the event, with traditional finance professionals, crypto native users, and many others still observing both worlds in the audience. I shared a judgment I firmly believe: "The future of finance will not be built around the choice between traditional assets and digital assets, but rather around how to make access to all markets more convenient, efficient, and interconnected. The role of blockchain is not to replace existing financial markets, but to improve their functioning."

The data has already provided evidence for this judgment. This year, our report card is as follows:

The peak trading volume of non-crypto assets accounted for 40% of Bitget's total trading volume. TradFi contracts and CFD daily trading volumes each exceeded 10 billion USD, covering assets like stocks, gold, crude oil, and forex. The cumulative number of rToken transactions surpassed 3 million; one in four new Bitget users started their trading journey with rToken.

In terms of product coverage, rToken supports over 1000 assets, TradFi contracts cover over 300 underlying assets, and CFD nearly 100 trading pairs, leading the industry in asset coverage. In terms of liquidity, Bitget's rToken liquidity is the best in the industry, M7 stock contracts have the highest near-order book liquidity, and contracts for major commodities like gold, silver, and crude oil also lead the industry. Regarding asset efficiency, Bitget UTA is the first cross-asset unified account in the market supporting stock tokens as collateral, where the same asset can serve as a position, collateral, and earn interest. In terms of trading tools, from GetAgent to AI Playbook, AI assists in execution so that traders can focus on judgment.

Our goal has never been to pile up products, but to allow global users to access the market opportunities they truly want in one place and achieve an exceptional trading experience.

Trading perfectionism

I love a line from the Book of Songs: "Like cutting and polishing, like carving and grinding." Treating jade requires four processes: cutting, polishing, carving, and grinding, with each step being a deeper refinement. Building a trading platform is no different - there is always the next layer to polish the product better.

In our view, trading perfectionism is the ultimate utilization of capital efficiency, ultimate freedom of time and region, ultimate equality of opportunity, and ultimate efficiency in decision-making. Bitget is using blockchain technology to rebuild global financial trading; these four points are the anchor points for each of our product decisions.

On the customer side, we will continue to upgrade our service capabilities aimed at professional trading institutions, optimize API trading performance, deepen the access mechanism for institutional brokers and quantitative teams, and provide exclusive service responses and operational support for institutional clients. For high-net-worth users, we will establish an independent VIP service channel. Meanwhile, we will continue to serve each ordinary user well, bringing truly equal market opportunities to more people.

On the product side, we will upgrade API performance and quantitative trading experiences, refine the full-chain services of rToken including dividend distribution, regular investment, and lending, and promote the deep integration of UTA cross-asset accounts. Let "global opportunities, one-stop layout" continue to deepen into a reality within reach for every user.

Strategically, institutional business is Bitget's core focus for the next phase. By Q2 2026, the net asset scale of institutional clients is expected to grow by 45% compared to Q3 2025, with the number of core active market makers increasing from 90 to 248, a growth of 176%. Moving forward, we will continuously invest in the things most concerning to institutions: optimizing trade execution quality (matching delays, slippage levels, system availability), asset security and isolation mechanisms, and a more complete institutional service chain - from FIX/API access, sub-accounts and portfolio margining, to OTC pricing inquiries and credit support.

My son will also turn eight this year. He is becoming increasingly independent - packing his bag himself, preparing snacks himself, no longer needing me to guide him at every step. In this, I see the shadow of Bitget. A few years ago, we were still exploring direction and finding our voice; today, we have stood on the global stage, become a leader in the industry, won recognition from institutional clients and the entire financial sector, and are steadily moving towards a clearer future.

Our growth does not happen in a vacuum. What we are experiencing is not just the growth story of an exchange, but a genuine process of financial democratization. There are still billions of people globally blocked outside the traditional financial system, lacking suitable financial accounts, lacking suitable tools, lacking access to the global asset market. We know this needs to change. Bitget builds a panoramic exchange to open a door for these people.

The pursuit of trading perfectionism is never complete; it is always ongoing.

Thank you to every user walking with us, thank you to everyone who earnestly makes trades amid the noise. The era of multi-asset trading is just beginning.

Gracy Chen

Bitget CEO

September 2026