Bitget said tokenized stock trading grew sharply in July, with daily rToken users rising 18-fold since launch, according to its latest transparency report.
rToken Assets Reach $114M
The exchange reported that rToken assets under management passed $100 million within five weeks of launch, reaching about $114 million by Jul. 6. Cumulative trading volume reached $671.37 million. Daily volume averaged $19.75 million. More than 100,000 users traded the products, and 42.87% of first-time buyers added to their positions within seven days.
The exchange also began accepting more than 100 tokenized U.S. stocks as collateral inside its Unified Trading Account. Bitget Wallet passed 100 million users after adding integrations with Robinhood Chain and Assetback.
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CoinGlass Ranks Ether Depth
Outside research firms weighed in during the month. CryptoRank found that Bitget recorded the lowest slippage on large tokenized equity trades among the exchanges it reviewed. CoinGlass ranked the exchange second globally for Ether (ETH) order-book depth, at $81.37 million, and fourth for Bitcoin (BTC). Chief Executive Gracy Chen said investors care less about how many assets a venue lists than whether they can trade them efficiently.
TokenInsight reported nearly $70 billion in TradFi perpetual trading volume on Bitget during the second quarter, before most of the rToken activity took place. That product had crossed $100 million in assets only in the five weeks after its launch.
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