Bitget CEO Says Tokenized Stock Trading Volume Jumped 10-Fold Over Weekend on Middle East Tensions

Bitget's tokenized stock trading volume surged over the weekend as tensions in the Middle East escalated.

On July 13, Bitget Chief Executive Officer Gracy Chen wrote on X that markets have always cared about what happens over the weekend, but traders previously had no way to respond.

As Middle East tensions intensified over the weekend while Wall Street was closed, Bitget's tokenized stocks, known as rTokens, offered a real-time market where traders could immediately price in the news, she wrote.

Tokenized stocks are products that allow users to trade tokens tied to the prices of traditional equities such as Nvidia, Micron and Alphabet. They can be traded even when conventional stock markets are closed.

According to Chen, Bitget's rToken trading volume was 10 times higher than the previous weekend. It was also about 2.2 times June's average weekend volume.

The most actively traded names were rNVDA, a tokenized Nvidia stock; rMU, a tokenized Micron stock; and rGOOGL, a tokenized stock tied to Alphabet, Google's parent company.

Chen added that VIP users were noticeably more active than regular users. The larger the portfolio, the harder it seems to be to take Saturday night off, she wrote.

Chen said weekend trading volume remains small compared with weekday levels. Still, the episode shows the need for 24/7 trading infrastructure.