Bitget Hopes to Enter U.S. Market Within Three Years as It Expands Trading

Chen said Bitget hopes to obtain more U.S. licenses and enter the U.S. market within three years as it expands its trading products.

Chen described the expansion as Bitget’s Universal Exchange (UEX) strategy, a shift toward offering crypto and traditional financial products in one trading environment. The platform offers stock trading, tokenized equities, perpetual contracts tied to shares and options. Chen said the products serve customers with different preferences, from those who want direct stock ownership to crypto users who prefer tokenized assets. She said the model is intended to let crypto customers avoid converting to fiat and moving funds to a separate brokerage to trade stocks.

A unified trading account (UTA) connects assets and lets users use margin across product types. Stablecoins remain a main funding method, Chen said. She described the account as an early step in the broader UEX strategy.

Subscriptions for Bitget’s first two pre-IPO offerings were three to five times the available allocation, Chen said. Each offering uses a special-purpose vehicle (SPV) to hold the underlying shares, with tokens issued one for one against those holdings. The number of tokens is therefore limited by the shares held in the SPV.

The expansion also raises questions about oversight of stock perpetual contracts. Chen said the division of responsibility between the Securities and Exchange Commission and the Commodity Futures Trading Commission remains under discussion.

Chen said a zero-day vulnerability in third-party software caused a security incident at Bitget. The exchange patched the flaw, replaced related functions, tightened credential and access controls, and reviewed its process for approving third-party software. Chen said security, technology and management teams will spend the next six months improving safeguards.