Bitget Adds Seven Hong Kong Stocks Including Tencent, Xiaomi With 20x Leverage
Summary
- Bitget said it will add seven Hong Kong stocks, including Tencent, Xiaomi and NetEase.
- The exchange said all of the stocks will support Tether (USDT) trading, with 24/7 trading seven days a week and up to 20x leverage.
- Bitget is expanding its tokenized stock business, rToken, and said it offers one-to-one value with the underlying asset and dividends in token form.
Forecast Trend Report by Period
Global cryptocurrency exchange Bitget is adding more Hong Kong-listed stocks to its platform.
Odaily reported on July 2 that Bitget would add seven Hong Kong stocks, including Tencent, Xiaomi and NetEase, that day.
All seven stocks will trade against Tether's USDT. They will also be available for 24/7 trading, seven days a week, with leverage of up to 20x.
Bitget has been pushing its tokenized stock business, rToken, this year. Each rToken is pegged one-to-one to its underlying asset, and the reserve assets are held by a licensed custodian.
Stock dividends are also paid in token form on a one-to-one basis. Corporate actions such as stock splits and reverse stock splits are synchronized with the tokens.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul