Bitget, recognized as the world’s largest Universal Exchange (UEX), has been spotlighted in a recently released report by Messari that delves into the platform’s innovative market structure and its key growth drivers. The findings illustrate a significant rise in Bitget’s UEX model, primarily propelled by an increase in tokenized stock offerings and heightened participation from institutional investors. As of December 2025, Bitget has amassed an impressive cumulative trading volume of approximately $18 billion in tokenized stock futures, with institutional traders comprising a commanding 82% of the spot trading volume. This indicates a notable shift towards more professional and cross-asset engagement on the platform.
Emerging as one of the fastest-growing categories within Bitget’s ecosystem, tokenized stocks debuted in July 2025 and have seen a meteoric rise in trading activity. November alone recorded $13.6 billion in futures trading. Additionally, Bitget reported nearly $1 billion in spot trading volume for December, making up 89% of all trading in Ondo’s tokenized stocks during that month. This surge underscores a growing global demand for on-chain access to traditional equities, bypassing the limitations posed by legacy market structures.
Tokenized equities are identified as a crucial component of Bitget’s UEX framework, which seamlessly integrates centralized spot and derivatives trading, on-chain asset accessibility, and AI-assisted execution on a unified platform. These tokenized stocks are available for trading 24/5, allowing users to react to earnings announcements, macroeconomic events, and market fluctuations outside the typical U.S. market hours. According to the report, 39.6% of trading in tokenized stocks originates from East Asia, with rising interest also observed in Latin America, Southeast Asia, and Europe—indicating tokenization’s role in redistributing global equity liquidity.
Gracy Chen, CEO of Bitget, emphasized that “tokenized equities are moving from experimentation to real market structure,” reflecting a pivotal change in how global investors access traditional assets. She noted that continuous markets, on-chain settlements, and unified execution have become expected features rather than just unique offerings.
The Messari report also highlights a concentration of trading activity within major U.S. equities, with Tesla leading with over $6.3 billion in cumulative trading volume, followed closely by firms such as Meta, MicroStrategy, Apple, and Google, contributing more than $6.6 billion collectively. This demand can be attributed to factors such as earnings-driven volatility and an increased appetite for equities sensitive to AI and macroeconomic developments.
Beyond tokenized stocks, Bitget’s comprehensive UEX architecture is witnessing substantial growth. Since its launch in April 2025, Bitget Onchain has recorded over $2.4 billion in cumulative trading volume, allowing users to trade various assets spanning Solana, BNB Chain, Ethereum, Base, and Morph using centralized exchange balances.
According to Shale Ferdana, a research analyst at Messari, Bitget’s Universal Exchange model highlights an evolution towards consolidated trading infrastructure rather than fragmentation. The rise in tokenized stock transactions, coupled with increased institutional involvement and on-chain integration, indicates that unified platforms are becoming the preferred avenue for accessing both digital and traditional assets.
Institutional participation has been identified as a critical driver of this structural evolution. The report notes an increase in institutional share of Bitget’s spot trading volume from 39.4% in January to 82% by December, while institutional market makers contributed to 60% of futures trading, enhancing liquidity and execution quality during market volatility.
In summary, the report posits that Bitget’s UEX model signifies a broader trend towards a consolidated trading environment, merging digital assets, tokenized real-world assets, and institutional liquidity into a singular execution framework that is reshaping how global capital interacts with the markets. Established in 2018, Bitget has grown to serve over 120 million users, facilitating access to millions of cryptocurrency tokens, tokenized stocks, and other real-world assets, all within an integrated platform that promotes smart trading through AI tools and interoperability across numerous blockchains.
