Bitget lists Tencent, Xiaomi and ZHIPU stock Quanto futures

The exchange said the three USDT-settled contracts went live on July 22, 2026, with up to 20x leverage, round-the-clock trading and funding fee settlement every eight hours.

USDT

Summary

Bitget said it listed three stock-linked Quanto futures on July 22, 2026: TENCENTHKDUSDT, XIAOMIHKDUSDT and ZHIPUHKDUSDT. The contracts are settled in USDT, offer up to 20x leverage, trade 24/7 and apply funding fee settlement once every eight hours. The exchange described Tencent as China's largest integrated internet platform, built around WeChat and QQ and spanning gaming, digital content, fintech and advertising. Xiaomi was described as a consumer electronics and internet company centered on smartphones and an AIoT ecosystem, with proprietary chips and HyperOS. ZHIPU AI was presented as an artificial intelligence company developing the GLM series of bilingual large language models, with roots in Tsinghua University's Department of Computer Science. Bitget also provided an illustrative example showing how its Quanto futures structure tracks the underlying stock price on a one-to-one basis while settling in USDT rather than HKD. In the example, a 10-contract long position opened at 200 and closed at 300 generated 1,000 USDT in realized profit and loss before fees, alongside a 0.8 USDT trading fee, a 0.2 USDT funding fee per interval and a 20 USDT maintenance margin requirement.

Terms & Concepts
  • Quanto futures: Derivatives that track the price of an asset quoted in one currency while using a different currency for margin and settlement.
  • funding fee: A periodic payment in perpetual-style futures that helps keep contract prices aligned with the underlying market.
  • maintenance margin: The minimum collateral required to keep a leveraged position open and avoid liquidation.