Bitget Expands TradFi Derivatives with USDT, Zoomex Promotes Grid Trading Amidst Market Developments
Bitget Expands TradFi Derivatives with USDT, Zoomex Promotes Grid Trading Amidst Market Developments
This collection of articles highlights new developments in the crypto trading landscape, particularly focusing on exchange innovation and trading strategies. Bitget has launched an industry-first with TradFi Quanto Perpetual Futures, enabling trading of non-USD-denominated stocks using USDT without currency conversion, further solidified by a TokenInsight report showing nearly $70 billion in TradFi perpetual volume. Zoomex is promoting grid trading as a beneficial strategy for navigating sideways crypto markets. Separately, Elon Musk announced that SpaceX engineering data would be used to train Grok's next AI model, a notable development from a figure often associated with the crypto space.
Exchange Innovations and Trading Strategies
Most crypto traders actively seek the next significant market move. However, markets frequently consolidate or chop sideways for extended periods, making directional trading challenging. Zoomex's Contract Grid system is introduced as a solution built precisely for such environments, allowing traders to benefit from consistent price fluctuations without a clear upward or downward commitment.
Bitget's Foray into TradFi with USDT Integration
Bitget, recognized as a leading Universal Exchange (UEX), has made an industry-first move by launching TradFi Quanto Perpetual Futures. This novel derivative market structure facilitates the trading of non-USD-denominated stocks, notably exemplified by the MINIMAXHKDUSDT contract tracking the Hong Kong-listed AI company MiniMax, with up to 20x leverage. A key feature is the ability to conduct these trades using USDT without requiring prior currency conversion, streamlining the process for traders. This strategic expansion into traditional finance derivatives is supported by a TokenInsight Q2 2026 Crypto Exchange Report, which indicates Bitget generated nearly $70 billion in TradFi perpetual trading volume during that quarter, underscoring its growing dominance in this integrated financial segment.
Elon Musk's AI Initiative with SpaceX Data
In a separate announcement, Elon Musk revealed plans for SpaceX to feed its engineering data, excluding ITAR-restricted materials, into Grok's next training run. This initiative aims to enhance the AI model's capabilities using real-world engineering insights.