Bitget Sees Explosive Growth in Tokenized Stock Trading

Bitget, a cryptocurrency exchange, has reported significant growth in its tokenized stock trading segment. Since the launch of rToken, daily users have increased by 18-fold, according to the company's latest transparency report.

The report also revealed that rToken assets under management reached $114 million within five weeks of launch, with a cumulative trading volume of $671.37 million and an average daily volume of $19.75 million. Over 100,000 users traded the products, and 42.87% of first-time buyers added to their positions within seven days.

Bitget has also expanded its Unified Trading Account by allowing more than 100 tokenized U.S. stocks as collateral. The exchange's wallet passed 100 million users after integrating with Robinhood Chain and Assetback.