Bitget Lists SDGR, PATH and Four More USDT-Margined Stock Perpetual Contracts

Bitget has expanded its stock-linked derivatives lineup with six new USDT-settled perpetual contracts: SDGR, PATH, AGPU, GNRC, HUT, and CYPH. The new markets reference shares of Schrödinger, UiPath, Axe Compute, Generac, Hut 8, and Cypherpunk Technologies, respectively, and are designed to trade around the clock with leverage of up to 20x.

With this update, Bitget now supports 319 stock contract markets, reflecting a broader trend across crypto exchanges: the convergence of digital-asset trading infrastructure with traditional equity exposure.

What Bitget’s new stock perpetuals add to the market

Unlike spot equities, stock perpetual contracts do not involve direct ownership of the underlying shares. Instead, they are derivative instruments that track the price performance of selected equity names and settle in USDT. For crypto-native traders, this structure offers a familiar trading experience: margin-based positions, long and short exposure, and continuous market access.

The six newly listed markets cover a mix of themes that have attracted attention from both crypto and traditional finance participants:

• SDGR: Schrödinger, a computational chemistry and drug-discovery software company.
• PATH: UiPath, known for enterprise automation and robotic process automation.
• AGPU: Axe Compute, a computing infrastructure-related equity.
• GNRC: Generac, a company associated with energy technology and backup power systems.
• HUT: Hut 8, a Bitcoin mining and digital infrastructure company.
• CYPH: Cypherpunk Technologies, a company historically linked to digital assets and privacy-focused investment themes.

Among these, HUT and CYPH are especially relevant to crypto investors because their business models or investment narratives are closely tied to the digital-asset economy. Hut 8 is part of the listed Bitcoin mining sector, an area often watched alongside hash rate, energy costs, and Bitcoin price cycles. Cypherpunk Technologies has also been associated with crypto-related investment exposure.

Why stock perpetual contracts are gaining traction

The growth of stock perpetual contracts is part of a larger market shift. Crypto exchanges have spent years building highly liquid derivatives venues around Bitcoin, Ethereum, and altcoins. Now, some platforms are applying similar mechanics to traditional assets.

This is happening for several reasons.

First, crypto traders are increasingly interested in macro and equity themes. Artificial intelligence, energy infrastructure, automation, Bitcoin mining, and high-performance computing are all sectors that overlap with crypto market narratives in 2025.

Second, perpetual contracts offer a flexible trading format. Traders can access price exposure without waiting for traditional market hours, which is especially attractive for users across different time zones.

Third, stablecoin settlement makes portfolio management simpler for users who already hold capital in crypto markets. USDT-margined contracts allow traders to manage collateral and profit-and-loss in a crypto-native unit rather than constantly moving funds between banking and brokerage systems.

The rise of these products also fits into the broader expansion of tokenized real-world assets and on-chain market infrastructure. Institutions including the Bank for International Settlements and market participants across the financial sector have continued to examine how tokenization could reshape settlement, collateral, and access to financial instruments.

24/7 equity exposure: useful, but not risk-free

One of the most notable features of crypto-based stock perpetuals is continuous trading. Traditional equity markets typically operate during fixed exchange hours, while crypto derivatives markets run 24/7. This creates both opportunities and risks.

On the opportunity side, traders can react quickly to breaking news, earnings-related sentiment, macroeconomic developments, or crypto-sector events outside standard market hours. For example, a major Bitcoin move over the weekend may influence listed mining stocks when equity markets reopen. A perpetual market can allow earlier positioning.

On the risk side, the underlying equity itself may not be trading at all times. During off-hours, price discovery in the derivative market can become more sensitive to liquidity, funding rates, and market sentiment. Traders should pay close attention to index methodology, mark price rules, margin requirements, and liquidation mechanics before using leverage.

Regulators have also repeatedly reminded investors that leveraged derivatives can amplify losses. The U.S. Commodity Futures Trading Commission provides general educational resources on futures and derivatives risk, while the U.S. Securities and Exchange Commission maintains investor bulletins on market risks and product disclosures.

What the listings say about crypto market structure in 2025

The addition of more stock-linked perpetuals suggests that crypto exchanges are no longer focused only on native digital assets. They are competing to become multi-asset trading venues where users can access crypto, commodities, indices, and equity-linked exposure from a single collateral base.

This trend matters for several reasons:

1. Crypto liquidity is becoming more multi-asset
   Traders increasingly want to express views across Bitcoin, AI stocks, energy, miners, and macro-sensitive assets without switching platforms.

2. Stablecoins are becoming settlement infrastructure
   USDT and other stablecoins are not only used for spot crypto trading. They are also becoming the unit of account for synthetic exposure to external markets.

3. Real-world asset narratives are expanding
   Tokenization and derivative-based market access are two different models, but both point toward the same demand: financial markets that are more programmable, globally accessible, and available beyond legacy trading hours.

4. Risk management is becoming more important
   As crypto platforms list more complex instruments, users need stronger operational discipline around collateral, position sizing, and custody.

Key considerations before trading stock perpetuals

Before entering stock perpetual positions, users should evaluate several practical factors:

• Leverage: A 20x maximum does not mean every trader should use high leverage. Small price moves can trigger large gains or losses.
• Funding rates: Perpetual contracts typically use funding payments to keep contract prices aligned with reference markets.
• Liquidity: New markets may have wider spreads or thinner order books, especially during periods of volatility.
• Underlying market hours: The referenced stock may be closed while the perpetual contract continues trading.
• Counterparty and platform risk: Traders should understand exchange rules, margin systems, and withdrawal processes.
• Custody separation: Active trading funds and long-term holdings should generally be managed with different risk assumptions.

For users holding digital assets outside exchanges, self-custody remains an important part of overall risk management. Exchange accounts may be useful for trading, but long-term crypto holdings are often better protected when private keys are kept offline.

Where OneKey fits into a multi-asset crypto strategy

Stock perpetuals can be useful for active traders, but they also highlight a key principle: trading exposure and asset custody are not the same thing.

A hardware wallet such as OneKey is designed for self-custody of crypto assets, helping users keep private keys offline while interacting with Web3 applications and managing long-term holdings. For users who trade derivatives on centralized platforms, keeping only the necessary margin on exchanges while storing the rest in self-custody can reduce unnecessary exposure to platform risk.

As crypto markets continue to absorb equity-linked products, stablecoin settlement, and real-world asset narratives, disciplined custody practices become even more important. Bitget’s latest stock perpetual listings are another sign that digital-asset infrastructure is moving closer to traditional markets, but risk management remains the foundation of sustainable participation.