Bitget Lists PEP, GFS and Three Other Stock Perpetual Contracts: What Crypto Traders Should Know

Bitget has expanded its derivatives lineup with five new stock and ETF perpetual contracts: PEP for PepsiCo, BKNG for Booking Holdings, SSPC for 2x short exposure to the SPCX ETF, SPCH for 2x long exposure to the SPCX ETF, and GFS for GlobalFoundries. The contracts are settled in USDT, offer up to 20x leverage, and are available for 24/7 trading on Bitget’s platform.

The move reflects a broader trend in crypto markets: exchanges are increasingly packaging traditional financial market exposure into crypto-native trading formats. For users who already hold stablecoins and trade perpetual futures, stock-linked perpetual contracts offer a familiar interface for gaining exposure to well-known equities and ETF-based strategies without relying on traditional brokerage market hours.

Why Stock Perpetual Contracts Matter in Crypto

Perpetual contracts have long been a core product in crypto derivatives. Unlike traditional futures, perpetual swaps do not have an expiry date and typically use funding payments to keep contract prices aligned with the underlying reference market. This model became popular in crypto because it supports flexible long and short positioning, high liquidity, and continuous trading.

By applying this structure to stocks and ETFs, exchanges are attempting to bridge two markets:

• Traditional assets such as listed companies and ETFs
• Crypto-native collateral and settlement, especially USDT
• Always-on trading infrastructure
• Leveraged derivatives strategies already familiar to crypto traders

For context, PepsiCo is a major global consumer goods company, Booking Holdings operates some of the world’s largest online travel platforms, and GlobalFoundries is a major semiconductor manufacturer. Investors can review issuer information through official public company filings on the U.S. Securities and Exchange Commission’s EDGAR database.

Key Details of the New Bitget Contracts

According to Bitget’s product update, the newly supported contracts include:

The most important takeaway is not only the addition of recognizable stock names, but also the product format: these are crypto-settled perpetual contracts rather than direct ownership of shares. Traders should understand the difference before opening positions. More details can be checked on the Bitget official platform.

24/7 Stock Exposure: Convenience and Complexity

One of the most attractive features of crypto derivatives is uninterrupted market access. Traditional U.S. equities trade during defined market sessions, with limited pre-market and after-hours windows. Crypto markets, by contrast, operate continuously.

Stock perpetual contracts bring that crypto-style schedule to equity-linked exposure. This can be useful for traders reacting to macro events, earnings expectations, sector narratives, or global market news outside standard exchange hours.

However, 24/7 trading can also introduce additional complexity. When the underlying stock market is closed, price discovery may rely more heavily on liquidity conditions, index models, market maker pricing, and sentiment. This can create wider spreads or sharper moves during off-hours, especially around major announcements.

The Role of USDT Settlement

All five contracts are settled in USDT, a widely used stablecoin in crypto trading. USDT settlement allows traders to manage positions without converting into fiat currency or directly interacting with traditional equity clearing systems.

This is efficient, but it also means traders need to consider stablecoin-related operational risks. Stablecoins are central to digital asset liquidity, and regulators continue to pay close attention to their role in market structure. Readers who want a broader policy view can refer to the Bank for International Settlements’ research on stablecoins and the future of money.

For active traders, practical risk management includes:

• Monitoring margin balance and liquidation levels
• Understanding funding rates before holding positions overnight
• Avoiding excessive leverage during volatile sessions
• Keeping non-trading funds separate from exchange accounts
• Reviewing contract specifications before entering a position

Leverage Can Magnify Both Opportunity and Risk

The new contracts support leverage of up to 20x. While leverage can improve capital efficiency, it also increases liquidation risk. A relatively small adverse price movement can cause major losses when leverage is high.

This is particularly relevant for equity-linked contracts because underlying stocks can react sharply to earnings, guidance changes, macroeconomic data, regulatory updates, and sector-specific developments. For semiconductor-linked exposure such as GFS, traders may also watch supply chain news, AI infrastructure demand, chip manufacturing cycles, and U.S. technology policy.

Regulators regularly remind investors that derivatives are complex instruments. The U.S. Commodity Futures Trading Commission provides general education on digital assets and derivatives risks, which can be useful even for experienced crypto users.

A Sign of Growing Convergence Between TradFi and Crypto

Bitget’s latest listings fit into a larger 2025 market theme: the convergence of traditional finance and blockchain-based trading infrastructure. Tokenized assets, real-world asset markets, stablecoin settlement, and crypto derivatives are no longer isolated experiments. They are increasingly part of the same conversation around global liquidity and market access.

For traders, this creates more product choice. For the industry, it raises important questions:

• How should equity-linked crypto derivatives be priced and supervised?
• What disclosures should users receive before trading synthetic stock exposure?
• How should platforms manage liquidity when underlying markets are closed?
• What protections are needed for retail users trading leveraged products?

The answers will shape the next phase of crypto market structure. As more traditional assets become accessible through crypto rails, user education and self-custody discipline will become even more important.

Security Considerations for Active Traders

Trading stock perpetual contracts usually requires funds to be held on an exchange for margin. But that does not mean all crypto assets should remain there. A more cautious approach is to keep only active trading capital on-platform and store long-term holdings in self-custody.

This is where a hardware wallet such as OneKey can play a practical role. OneKey is designed to help users manage private keys offline, reducing exposure to exchange account compromise, phishing, and device-level attacks. For traders who use USDT for derivatives while also holding long-term crypto assets, separating trading funds from savings can improve operational security.

Final Thoughts

Bitget’s launch of PEP, BKNG, SSPC, SPCH, and GFS perpetual contracts highlights how crypto exchanges are broadening access to traditional market themes through USDT-settled derivatives. The products may appeal to traders seeking 24/7 exposure to consumer staples, travel, semiconductor manufacturing, and ETF-linked strategies.

Still, these instruments are not the same as holding shares or ETFs directly. They are leveraged derivatives with funding mechanics, liquidation risk, and platform-specific rules. Before trading, users should read the contract details, understand the underlying exposure, and apply disciplined position sizing.

As crypto markets continue to merge with traditional asset classes, the opportunity set is expanding. So is the need for better risk management, stronger custody habits, and a clear understanding of what each product actually represents.