Bitget has announced the launch of the first-of-its-kind real-world asset index, which includes perpetual contracts for Nvidia, Tesla, and Circle stocks. This innovation offers traders a unique opportunity to engage with both traditional and tokenized assets.
Innovative Move by Bitget
On August 20, Bitget announced the launch of a real-world asset index that provides traders with the ability to trade perpetual contracts on major U.S. listed stocks. Bitget's CEO, Gracy Chen, noted that launching the index aligns with the exchange's plans to support innovation in the crypto industry.
Details on Perpetual Contracts
The real-world asset index will offer continuous access to selected tokenized assets in a 5×24 format. Each index will comprise one or more RWA tokens that track prices from various issuers. The perpetual futures for TSLA, NVDA, and CRCL offer leverage of up to 10x.
Trading Strategy and Schedule
Similar to crypto perpetual contracts, the index will add or delist sources based on trading volume, market activity, and liquidity conditions. Bitget has also adopted a 5×24 trading schedule, meaning contracts will be closed on weekends and holidays, with market prices frozen during these times to prevent liquidation. Traders can add margin during these periods, even with the market closed, and can cancel orders but not add new ones.
The launch of the real-world asset index by Bitget showcases the platform's effort to bridge traditional financial instruments with decentralized ones, providing traders with new opportunities in the market.
