Bitget 8th Anniversary CEO Open Letter: Trading Extremism

Today marks the 8th anniversary of Bitget. Looking back over the past year from this milestone, I want to share some heartfelt thoughts with everyone. At the beginning of many product decisions, we simply believed that the direction was right, but we were not entirely sure about user acceptance. Previously, I learned from conversations with some users that they had many complaints about the current state of trading, such as wanting more assets; however, we could not predict 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 implemented, the market feedback far exceeded our expectations.
Last September, we announced our transformation into UEX ------ Universal Exchange, a panoramic exchange. There were many doubts from the outside; some said it was a marketing concept for the anniversary, while others said we were following the RWA trend. We did not respond to each one individually because the most powerful answer has never been a pale explanation, but rather actions that truly take shape.

The transformation of Bitget over the past 12 months was not to respond to industry competition, but because we genuinely saw the situation of users: asset fragmentation, account fragmentation, time fragmentation, and geographical fragmentation ------ it remains a hassle for a person to manage their crypto assets, U.S. stocks, commodities, and forex positions in the same place. It is already 2025 and 2026, yet trading is still so fragmented; this is unreasonable, and we want to change it.

Today, almost all leading exchanges have begun to launch traditional financial trading services. This direction is precisely what Bitget has taken the lead in. The years 2025 to 2026 will be the inaugural year for multi-asset trading that we build and witness together.

From Follower to Product Innovation Leader

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

We did not have the earliest brand accumulation, the largest traffic entry, nor the first-mover advantage and early benefits of industry veterans. Because of this, we are more aware than anyone else that the only way out is to focus on "being the best trading platform" itself ------ avoiding internal strife, not chasing short-term hype, and putting every ounce of effort into products and users. This serious approach to work has become our most important competitive asset.

At the same time, we are seriously considering a fundamental question: what should trading, this "small matter," look like?

We clearly see that with the evolution of technology, the simple dichotomy of CEX and DEX has become outdated, and both are trapped within the boundaries of the crypto world; for users who want to allocate U.S. stocks, gold, and forex simultaneously, they need a new type of trading platform.

Thus, we proposed the product form of UEX ------ allowing users to participate in global asset trading mediated by stablecoins within one account, one experience, and one set of liquidity infrastructure, breaking asset boundaries and continuously iterating.

One year after proposing UEX, Bitget is no longer just a follower; we have launched 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 for 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 that supports U.S. stock tokens as margin; the first mainstream crypto exchange to support U.S. stock options trading; the first to launch Hong Kong stock Quanto contracts; and the launch of the world's first no-install autonomous AI trading agent, GetClaw.

Behind each "first" is our belief that users should not have to pay for the structural flaws of the industry. The follower mentality keeps us hungry, but the underlying drive for doing these things has always been the same: to perfect the act of trading.

The Report Card of the Multi-Asset Trading Inaugural 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, and its significance lies not in the award itself ------ but in what it signifies: an exchange that started from crypto is being recognized by the traditional financial world.

I gave a keynote speech at the event, with traditional finance practitioners, crypto-native users, and many who are still observing both worlds in the audience. I shared a judgment I firmly believe in: "The future of finance will not be built around the choice between traditional assets and digital assets, but 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 operation."

Data has already validated this judgment. This year, our report card looks like this:

The peak trading volume of non-crypto assets accounted for 40% of Bitget's total trading volume. TradFi contracts and CFD daily trading volumes both exceeded $10 billion, covering assets like stocks, gold, crude oil, and forex. The cumulative number of rToken trades exceeded 3 million, with 1 in every 4 new Bitget users starting their trading journey with rToken.

In terms of product coverage, rToken supports over 1000 assets, TradFi contracts cover over 300 underlying assets, and CFD has nearly 100 trading pairs, leading the industry in asset coverage. In terms of liquidity, Bitget's rToken liquidity is industry-leading, with M7 stock perpetual contracts having the best near-order book liquidity in the entire industry, and mainstream commodity contracts like gold, silver, and crude oil also leading in liquidity. In terms of asset efficiency, Bitget UTA is the first market to support stock tokens as margin in a cross-asset unified account, allowing the same asset to serve as both a position and margin while also earning interest. In terms of trading tools, from GetAgent to AI Playbook, AI-assisted execution allows traders to focus on judgment.

Our goal has never been to pile up products, but to allow global users to access the market opportunities they truly desire in one place and achieve an ultimate 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, each step is a deeper level of refinement. Building a trading platform is the same ------ there is always another layer to refine the product further.

In our view, trading perfectionism is the ultimate utilization of capital efficiency, the ultimate freedom of time and geography, the ultimate equality of opportunity, and the ultimate efficiency of decision-making. Bitget is using blockchain technology to reinvent global financial trading, and these four points are the anchor points for every product decision we make.

On the client side, we will continue to upgrade our service capabilities for professional trading institutions, optimize API trading performance, deepen the access mechanisms for institutional brokers and quantitative teams, and provide dedicated service responses and operational support for institutional clients. For high-net-worth users, we will establish an independent VIP service channel. At the same time, we will continue to serve every ordinary user, bringing truly equal market opportunities to more people.

On the product side, we will upgrade API performance and quantitative trading experience, improve the full-chain services of rToken including dividends, regular investments, and lending, and promote the deep integration of UTA cross-asset accounts. We will continue to deepen the concept of "global opportunities, one-stop layout" into a reality that is accessible to every user.

Strategically, institutional business is the core focus for Bitget in 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 continue to invest in the key areas of concern for 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 inquiries and credit support.

My son is also about to turn eight this year. He is becoming increasingly independent ------ packing his own backpack, preparing his own snacks, no longer needing me to guide him every step of the way. Here, I see the shadow of Bitget. A few years ago, we were still exploring directions and finding our voice; today, we stand on the global stage as industry leaders, gaining recognition from institutional clients and the entire financial industry, and steadily moving towards a clearer future.

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

The pursuit of trading perfection has no completion, only ongoing progress.

Thank you to every user who walks with us, and to everyone who still takes trading seriously amidst the noise. The era of multi-asset trading has just begun.

Gracy Chen

Bitget CEO

September 2026