Bitget Expands into NZ Market with Stock Options Trading

Bitget has gained approval to offer financial services in New Zealand, joining the official Financial Services Providers Register. This move allows Bitget to provide custody, transfers, and asset management services to its users.

This announcement comes on the heels of another development where 44% of Direct Stocks and bStocks users belong to Generation Z, making them the primary driver behind the adoption of traditional financial (TradFi) products. Binance has pointed out this trend in tokenized equities.

Meanwhile, DeFiLlama research has shown rapid growth in tokenized equities, with a significant increase in trading volume and user activity. Bitget's expansion into U.S. stock options trading is part of its efforts to capitalize on this trend.