Phyrex|Jun 03, 2026 09:30
Bitget Stock Trading 2.0 is also the 2.0 era of cryptocurrency exchange stock trading
If I remember correctly, there were already exchanges and DEX trading on the US stock market in 2021, and the most famous one at that time was probably FTX. However, at that time, due to the bull market of cryptocurrencies, altcoins were experiencing ups and downs every day. For relatively "stable" US stocks at that time, trading volume was very low, and I remember the SEC also said that this way of trading US stocks was non compliant.
I have already forgotten who was the first to put US stocks on the chain, probably in 2024. The market has gradually lost confidence in altcoins, and at this time, AI led US stocks are gradually strengthening, and voices of speculation in US stocks are beginning to emerge. I should also be one of the first to do on chain US stock compliance popularization. At that time, the so-called "US stock market" was just a Meme with the same name.
By 2025, as more people become aware of compliance, on chain US stocks will shift from the Meme era to the RWA era. At that time, RWA was just a tool for tracking price exposure, wrapped in a seemingly compliant outer layer. At that time, there would be no dividends or equity, let alone submitting stock transfers.
At this point, the wallets of various exchanges began to layout on the chain of US stocks. As AI grew better and better, the attention to US stocks also increased. However, because they were only price exposures, in fact, what users received was vastly different from the regular stocks. Apart from price fluctuations, there was nothing else. This should be the 1.0 era when US stocks entered the cryptocurrency circle.
Up to now, in my understanding, compliance is no longer important in the so-called 2.0 version, because all exchanges are pursuing compliance as the first element. It is not that everyone's awareness has improved, but only by complying can they enjoy all the rights of stocks, dividends, voting, and delivery. These are the main means of acquiring users.
When everyone is in compliance, which means there is no need to focus on compliance, I think the key should be the funds invested in stocks, which can become a part of the margin in the unified account, can form a risk exposure together with other cryptocurrency assets, and can also participate in more trading and profit scenarios within the platform.
From this perspective, the focus of @ Bitgetzh Stock 2.0 is not on the stocks themselves, but on the changes in asset account structure.
In the past, the assets on cryptocurrency exchanges were mainly BTC, ETH, stablecoins, and various tokens, and users' risk exposure was mainly concentrated within the cryptocurrency market. Currently, the US stock market, gold ETF、 After traditional assets such as foreign exchange and RWA gradually enter the same account, the exchange account is no longer just a cryptocurrency account, but begins to become a multi asset account.
This is also why @ bitget has always emphasized UEX and the panoramic exchange.
Users can buy stocks with stablecoins, use stock tokens as margin, and allocate between encrypted assets, stock assets, and other RWA assets. This represents a trend where financial assets are moving from a single market, single account, and single purpose to a unified account, multi asset portfolio, and higher capital efficiency.
If this system can be continuously improved in the future, especially in terms of underlying asset custody, auditing, liquidity access, dividend processing, company action mapping, and account composability, then US Stock Exchange 2.0 may become an important step in the evolution of cryptocurrency exchanges towards multi asset platforms.
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