Bitget, recognized as the world’s largest Universal Exchange (UEX), has unveiled significant trends in the surging interest in tokenized US equities, particularly during the recent earnings season. Analysis from the platform shows that the trading volume for tokenized US stock tokens skyrocketed by 452% in the spot market and an astonishing 4,468% in the futures market from mid-October to the end of November. This surge represents the most active trading period since these products were introduced on Bitget.
The report identifies three primary factors fueling this remarkable growth. Firstly, traders are gravitating toward assets linked to major technology firms and cryptocurrencies, motivated by their high volatility and potential for significant returns. Secondly, the continuous 24-hour accessibility of trading markets has diminished traditional barriers, facilitating participation from worldwide traders. Lastly, a diverse global user base is influencing trading patterns, driving the evolution and expansion of tokenized markets.
In the futures market, aggressive trading behavior was noted, especially among major technology stocks. There was a notable increase in trading volume for companies like Meta, which experienced a staggering 40,774% rise, Microsoft at 24,339%, and MicroStrategy at 11,684% month-over-month. This reflects traders’ intent to capitalize on volatility resulting from earnings reports and advancements in artificial intelligence.
On the spot market, Nvidia led the charge with an increase of 1,888%, alongside substantial index exposure through popular ETFs like QQQ, which rose by 3,492%, and SPY, which climbed by 3,247%. The demand for the long-term Treasury ETF (TLT) surged dramatically by 69,573% month-over-month, indicating a strategic shift toward defensive hedging amid market volatility.
The 5×24 trading model implemented by Bitget has been pivotal in supporting these trading activities. Analysis reveals that traders, particularly from Asia, took advantage of the extended access to react promptly to earnings reports, adjust their positions before US markets opened, and manage overnight risks more effectively than traditional equity markets allow.
The user demographic on Bitget is notably international, with a majority hailing from East Asia (39.66%) and significant participation from regions such as Latin America, South Asia, Southeast Asia, and Europe. Behavioral segmentation indicates that high-frequency traders, referred to as “whales,” executed an average of 51.7 trades per day, while retail traders participated more selectively around key earnings events.
Gracy Chen, CEO of Bitget, commented on the trend, stating, “What we’re seeing is the emergence of a fully democratized global equity market. When investors across continents can participate in earnings season in real time, using USDT, with 24-hour access and without geographic barriers, the market becomes broader, more liquid, and fundamentally more sophisticated. Tokenized equities are no longer experimental; they are becoming a mainstream asset class shaped by global capital and behavior.”
The findings suggest that tokenized stock tokens have reached a new level of structural maturity. This evolution is characterized by varied investment strategies, seamless global access, and a growing base of sophisticated market participants.
Bitget, established in 2018, serves over 120 million users and offers real-time access to a myriad of crypto tokens, tokenized stocks, and ETFs on a unified platform. The exchange is also known for its strategic partnerships, including its role as the Official Crypto Partner for prominent sports leagues and educational initiatives aimed at leveraging blockchain technology.
In addition to trading services, Bitget emphasizes risk awareness, advising investors to only engage with funds they can afford to lose, highlighting the volatility associated with digital asset investments.

