Bitget Launches TradFi Quanto Perpetuals on Lenovo with 20x Leverage

Bitget introduces TradFi Quanto perpetual contracts on Lenovo, enabling USDT-denominated trading of non-USD stocks like HK equities with up to 20x leverage and 24/7 access.

Woofun AI reports that Bitget has launched TradFi Quanto perpetual contracts on the Lenovo platform. These instruments provide traders with up to 20x leverage and continuous 24/7 market access. The contracts facilitate the trading of overseas stocks denominated in non-USD currencies, such as Hong Kong equities, directly via USDT. By pricing contracts in local currencies like HKD or JPY while settling margins and PnL in USDT, the mechanism removes the need for currency conversion and mitigates exchange rate fluctuation risks.