Just saw some news—Bitget has just launched Quanto perpetual contracts for Tencent, Xiaomi, and Zhipu. The ticker codes are: TENCENTHKDUSDT XIAOMIHKDUSDT ZHIPUHKDUSDT What do these three companies do? If you regularly follow internet companies, startups, and AI companies, you probably already know. But these Quanto contracts are super interesting: Bitget's Quanto perpetual contracts allow users to trade Hong Kong stocks, Japanese stocks, and other non-USD denominated overseas stocks directly using USDT—no need to exchange foreign currencies throughout the process. The contracts themselves are quoted in local currencies like HKD or JPY, but the deposit margin and profit/loss settlement are all done in USDT, completely avoiding the extra risks caused by exchange rate fluctuations. When calculating margin and profit/loss, the system treats them as equivalent USDT (converted at a 1:1 ratio), without involving any forex exchange operations. This way, you don’t have to worry about exchange rate volatility. For Hong Kong stocks, it’s not too bad, but if you’ve traded Japanese stocks, you’ll know how important this is. With Japanese stocks, you exchange USD to JPY, make a 50% profit over six months, then exchange JPY back to USD—only to find that after factoring in exchange rate losses, you’ve barely made any money. This is an outstanding innovation. The crypto industry is full of financial innovations, and this year Bitget has been doing a ton of work around traditional financial innovation.