Bitget launches US stock options inside its crypto app

Bitget launched US stock options this week and is positioning the product as the first of its kind from a major crypto exchange, with single-leg calls and puts available to eligible users from the start and more advanced strategies to follow. The options sit alongside the exchange's existing crypto markets, more than 500 tokenized stocks, and CFD-style products in gold, forex, and indices, so a single Bitget account now spans spot crypto, derivatives, and US equity exposure.

The launch lands on top of a record US options market. Cboe data shows listed US options volume hit 15.2 billion contracts in 2025, up 26% year on year and the sixth straight annual record, with roughly 61 million contracts changing hands daily. Short-dated contracts drove much of the activity, with same-day options making up 24.1% of total US volume per Cboe and OCC data, and the total value of open Bitcoin options contracts surpassed Bitcoin futures for the first time in January.

Why it matters

Bitget is selling two distinct products under one roof, and the legal status of each depends on how it was built. The SEC's January 28 staff statement frames tokenized securities as regular securities recorded on a blockchain, with the product's actual function deciding its regulatory treatment rather than its label. A token that only mimics a stock's price can even count as a security-based swap, a category US markets keep on a tight leash. The new options product sits next to those tokenized stocks without disclosing which settlement or clearing model it uses, leaving the question of what a contract actually represents an open one for the user.

Reuters reported on June 17 that the SEC is preparing an innovation exemption that would let crypto firms offer tokenized stock trading, with Citadel Securities and SIFMA pushing back on investor protection and market-structure concerns. Bitget's launch effectively serves as a live test of how these products land with retail users while that framework is still being written.

Market impact

Bitget says it has 125 million users, but the announcement names no supported tickers, no country list, no clearing arrangements, and no volume targets, so the real market is the smaller group of approved users who actually want US equity exposure inside a crypto account. Standard listed US options settle through the Options Clearing Corporation with a known set of protections, while option-style products built through other arrangements can behave differently on a bad day, and Bitget has not specified which model applies.