The growth rate of TradFi perpetuals recently might be faster than many people imagined. According to TokenInsight data, the monthly trading volume of TradFi perpetuals grew from $52 billion in January to $268 billion in June, expanding more than 5x in just half a year. Bitget contributed nearly $70 billion in trading volume during this period. Looking at the numbers alone, it might seem like market enthusiasm is rising, but what I think is more noteworthy is that users' trading habits are changing. In the past, crypto assets and traditional stocks were essentially two completely separate worlds. You’d use exchange accounts for crypto and brokerage accounts for stocks; funds had to be managed separately, trading hours were different, settlement methods varied, and even the currencies used were different. For users already accustomed to USDT pricing and 24/7 trading, going back to fixed opening hours, currency conversion for deposits, and T+2 settlement systems might feel like a downgrade in experience. The growth of TradFi perpetuals is fundamentally meeting a very specific demand: users still want to trade traditional financial assets like Tencent, Xiaomi, and AI companies, but they also want to continue using the USDT, contract accounts, and risk management methods they’re familiar with. Bitget’s move to launch Quanto perpetuals for MiniMax, Tencent, Zhipu AI, and Xiaomi isn’t just about adding four new trading pairs. It’s more like testing a new asset entry point: stock prices come from traditional markets, but the trading and settlement experience is closer to the crypto market. This model may not necessarily replace traditional brokerages, nor does it need to. Long-term holding, dividends, and shareholder rights are still the advantages of spot stocks. But for those looking to trade short-term trends, hedge risks, or improve capital turnover efficiency, TradFi perpetuals offer another set of tools. So, I’m more inclined to see the growth of this sector as incremental rather than traditional finance and crypto markets competing for users. What’s truly worth observing is how many more stocks, indices, commodities, and other traditional assets platforms will integrate after Hong Kong stocks. As the range of tradable assets becomes increasingly diverse, USDT might not just remain a settlement currency within the crypto market but could gradually evolve into a universal layer connecting different asset classes. @Bitget_TradFi @Bitget_zh @GracyBitget @xiejiayinBitget @33Bitget