Bitget, the world’s largest universal exchange, has published new data, demonstrating unprecedented growth in global demand for tokenized US stocks during the recent earnings season. From mid-October to the end of November, spot trading volume for tokenized US stocks increased by 452% compared to the previous month, while futures trading volume increased by 4468%, marking the most intense period of activity since the launch of these products on Bitget.
The report analyzes the accelerating adoption of tokenized securities and identifies three key forces driving this growth. First, the asset mix itself: demand is concentrated around technology leaders and crypto-related stocks, which offer high volatility and ample opportunities for targeted trading. Second, the shift to 24/7 trading, which removes traditional barriers and allows traders worldwide to participate in the market without interruption. Third, the influence of a globally diverse user base, whose trading patterns and risk appetite are shaping a new type of tokenized market, determining its scalability and maturation.
Futures markets saw exceptionally aggressive trading activity around major tech companies. Tesla, Meta, MicroStrategy, Apple, and the Nasdaq-100 (QQQ) led the way in terms of turnover. Meta’s futures trading volume increased by 40,774%, Microsoft’s by 24,339%, and MicroStrategy’s by 11,684% compared to the previous month. This performance reflects traders’ desire to lock in earnings-related volatility and capitalize on momentum related to AI developments.
The spot market saw a more balanced distribution. Nvidia led the gains with a +1888% month-over-month result. Broad index products QQQ (+3492%) and SPY (+3247%) also saw strong demand. TLT (+69,573%) also saw significant demand growth. ETF long-term US Treasury bonds, showed increased hedging and macro-risk management in the context of a volatile earnings season.
Bitget’s 5×24 trading model played a key role in fueling this activity. Analysis of global trading patterns revealed that users in Asia were particularly active in leveraging the extended access model to react to company earnings, adjust positions before the US market open, and mitigate overnight risks—opportunities unavailable in traditional equity markets.
The user base remained distinctly international: East Asia accounted for 39,66% of users, with active participation also coming from Latin America, South Asia, Southeast Asia, and Europe. Behavioral segmentation revealed that high-frequency «whales» executed an average of 51,7 trades per day, while retail traders were more selective, focusing on events surrounding earnings releases.
«We’re witnessing the emergence of a truly democratized global equities market,» said Bitget CEO Gracie Chen. «When investors around the world can participate in earnings season in real time using USDT, 24/7, and without geographic barriers, the market becomes broader, more liquid, and fundamentally more advanced.»
Tokenized shares are no longer an experiment. They are becoming a fully-fledged asset class, shaped by global capital and global behavior.
Bitget’s findings show that tokenized securities have entered a new phase of structural maturity, with diversified trading strategies, seamless global access, and increasingly professional user participation.