Crypto trading platform, Bitget, introduces specialized index perpetuals for Tesla and Nvidia, marking their entry into the crypto market.

In an exciting development for the cryptocurrency market, Bitget, a leading cryptocurrency exchange, has announced the launch of the world's first RWA Index Perpetual Contracts. These innovative contracts aim to bridge the gap between traditional equities and decentralised trading formats.

At launch, the pricing for these indexes comes from stock tokens issued on the xStocks platform. The initial lineup includes Tesla (TSLAUSDT RWA), Nvidia (NVDAUSDT RWA), and Circle (CRCLUSDT RWA), with more issuers expected to be added in the coming months. Each index combines tokens from multiple issuers to provide fairer pricing.

The RWA Index Perpetual Contracts effectively combine traditional equity price action with decentralised trading formats. They track market performance but remain bound to crypto exchange mechanics. Trading will run five days a week, with closures aligned to stock market schedules. During closures, prices freeze, but traders may still add margin or cancel existing orders.

The contracts allow up to 10x leverage, isolated margin trading, and price sources from multiple third-party issuers. The liquidation process and fee structure for these contracts are identical to existing crypto perpetuals. Funding fees are paused for the RWA Index Perpetual Contracts, and they run on a 5×24 schedule, pausing on weekends and stock market holidays to freeze liquidation risk.

Gracy Chen, CEO of Bitget, stated that the RWA Index Perpetual Contracts connect both modern and traditional markets under one ecosystem. She added that these products could draw interest from traders familiar with crypto but looking for stock exposure, and stock-focused users may find a new path into crypto through these products.

The product launch of the RWA Index Perpetual Contracts is part of Bitget's ongoing push to expand its futures offerings in 2025. Further RWA perpetual contracts are expected later this quarter, broadening the scope beyond the initial lineup. Bitget plans to add more issuers over time to expand the reliability of the RWA Index Perpetual Contracts.

The announcement of the RWA Index Perpetual Contracts was made in a press release shared on August 20. Gracy Chen was the CEO of Bitget in August 2021. The RWA Index Perpetual Contracts provide a way for traders to gain exposure to traditional assets without leaving the crypto exchange environment. They offer a fresh tool for users balancing traditional equity movement with crypto price dynamics.

In summary, Bitget's RWA Index Perpetual Contracts represent a significant step forward in the convergence of traditional finance and cryptocurrency trading. These innovative contracts offer a unique opportunity for traders to gain exposure to traditional assets within the crypto exchange environment, and for stock-focused users to explore the world of cryptocurrency trading.