Bitget Opens TradFi Beta with USDT Trading and High Leverage Options
According to Bitget’s official announcement, the TradFi platform has now launched to all users following a successful beta phase marked by strong participation and high trading volumes in gold and other traditional markets.
USDT
Fact Check
The statement is overwhelmingly supported by the provided primary sources. There is strong, consistent evidence for each component of the claim:1. **Launch of a TradFi Beta service:** The most authoritative source, the Bitget CEO's open letter, directly confirms the existence and success of a 'TradFi beta phase'. Furthermore, multiple news reports announce the completion of this beta phase and its opening to the public, solidifying the 'launched' aspect of the statement.2. **Includes USDT trading:** Several independent and highly relevant news sources explicitly state that the service uses USDT. They specify that traders use USDT as margin or that the service is accessible via existing accounts using USDT.3. **Includes leverage options:** One perfectly relevant news article directly confirms this part of the statement, specifying that traders can access up to 500x leverage.The evidence is convergent and free of contradictions. The combination of an official confirmation from the company's CEO with specific, corroborating details from multiple industry news sites provides a high degree of confidence in the statement's truthfulness.
Summary
Bitget announced the full public launch of its TradFi trading service after completing a beta phase that saw strong user engagement and trading activity. During beta testing, XAU/USD trading volume exceeded $100 million in a single day, and more than 80,000 users joined the waitlist. The beta, which began last December, supported active trading across gold, forex, and major stock indices, paving the way for the platform’s broader rollout.
Terms & Concepts
- USDT: A stablecoin pegged to the U.S. dollar, commonly used for trading and transfers in crypto markets.
- Leverage: A financial tool allowing traders to control larger positions with a smaller amount of capital, magnifying both potential gains and losses.
- Tier-1 liquidity providers: Top-ranked financial institutions that offer deep market liquidity for trading, ensuring faster execution and tighter spreads.