AMA Highlights: Regarding Bitget US Stocks 2.0, all the questions users are most concerned about are here

Recently, the U.S. stock market has been bustling, with popular sectors such as semiconductors, storage, and optical communications frequently surging, igniting users' trading enthusiasm. However, traditional brokerages are constrained by regulatory uncertainties and compliance costs, making capital outflow and asset allocation pain points for countless investors.

Last Tuesday, Bitget welcomed a comprehensive upgrade of "U.S. Stocks 2.0," undergoing a complete transformation in aspects such as dividend distribution, liquidity depth, and capital utilization.

This time, Space invited four hardcore "guest challengers" from the crypto and U.S. stock circles: Bean哥 (@BroBean88), 侠爹海大 (@xiadadhaida), Frank (@qinbafrank), and 撸哥整顿币圈 (@lugeweb3), to conduct a strong "interrogation" of 家印, the head of Bitget Greater China, and Thomas, the director of trading products.

During the live broadcast, 家印 and Thomas not only focused on addressing product issues that users are concerned about but also gave a sneak peek into the product plans for June, packed with information and valuable insights.

Highlights Q&A Review

1. Product Functions and Future Roadmap

Q (Bean哥):

As a long-time user of IB (Interactive Brokers) and Futu/Tiger, traditional brokerages have very rich fundamental analysis tools, options data, earnings calendars, and AI quick order functions. Currently, I feel that Bitget is relatively weak in these research and analysis tools. Is there a clear optimization roadmap in the future?

Thomas:

Traditional brokerages have developed over ten or even several decades, and their functions are very mature, while our U.S. stock product has been online for less than two weeks. The stock business is currently an absolutely strategic heavyweight product direction for Bitget, and we will steadfastly invest resources.

In the next 1 to 2 years, we will continue to strengthen the competitiveness of our U.S. stock products. Our long-term goal is to create an All-in-One platform that allows users to complete the full loop from "research to trading" within Bitget.

家印:

Traditional brokerages have operated for many years in mature market mechanisms, accumulating a stable trading system and user recognition. Bitget, on the other hand, has grown from the high-intensity competition in the crypto market, bringing more efficient trading technology, more flexible product design, and a stronger user service awareness to the U.S. stock trading scene.

I can confidently say that currently, Bitget's U.S. stock spot trading is very competitive in terms of liquidity depth, transaction efficiency, and the smoothness of the trading experience compared to others in the same sector.

2. Dividends, Stock Splits, and Tax Handling

Q (Bean哥):

Under Bitget's U.S. stock mechanism, what are the differences in dividend rights, distribution timing, and tax handling compared to traditional brokerages? What is the specific calculation mechanism?

Thomas:

From the design stage, we strive to pursue a solution that is completely identical to U.S. stocks.

• Regarding Tax Withholding: Due to the platform's universality, we currently cannot enjoy the 20% preferential tax rate like IB by submitting the W-8 form. We will uniformly deduct dividend tax at the 30% standard U.S. tax rate.

• Regarding Capital Gains Tax: Since Bitget uses a tokenized rToken model, it does not involve capital gains tax.

• Regarding Distribution Timing: The distribution rhythm is consistent with traditional brokerages.

• Regarding Token Withdrawals: Since it is a tokenized product, even if users withdraw U.S. stock tokens to their own wallets on-chain, they can still receive interest airdrops. If there are stock splits or consolidations, it will also be proportionally reflected in the number of tokens in the user's wallet.

3. Underlying Mechanism, Slippage, and "New Listing" Efficiency

Q (Bean哥 & 撸哥):

Bitget follows the asset tokenization (r-Token) route, adding a layer of Token conversion. Compared to other solutions that directly connect to brokerages, will there be issues with price slippage, price differences, or low new listing efficiency?

Thomas:

This is the question everyone is most concerned about. Last year, we integrated the third-party Ondo solution, which indeed had some limitations in actual use, such as a single transaction amount not exceeding $200,000 and insufficient transaction speed. Based on this user feedback and product experience issues, we began promoting the RWA protocol Reality at the end of December last year, hoping to improve the trading efficiency, asset transparency, and user experience of U.S. stock tokens from the underlying architecture.

Currently, the prices and depths displayed on our platform are completely real U.S. stock data, and the underlying orders penetrate and are directly sent to the order books of NASDAQ and the New York Stock Exchange. Therefore, in terms of price slippage and execution efficiency, we have no difference from Futu and Tiger, and even during non-market hours (pre-market, after-hours, night trading), we can help users switch order modes and support quick market orders.

家印:

We have conducted strict real-time tests, and the prices purchased on Bitget are exactly the same as those on Futu, with no price difference. The transaction speed is at the millisecond level, whether it's placing orders or market orders, extremely smooth, and unafraid of large trades.

Regarding New Listing Speed:

The U.S. stock listing process is more rigorous. In just over a week, we have already listed two to three hundred stocks, and we will maintain a high-speed listing pace, promising to list 500 mainstream U.S. stocks within the next 7 days. This goal is not merely a pursuit of quantity but is based on the judgment of platform trading data. If the selection of targets is precise enough, 500 popular stocks can cover about 98% of trading volume demand.

4. Stability in Extreme Market Conditions and Capital Safety

Q (海大 & 撸哥):

If there is an extreme black swan event with significant daily surges or drops, can Bitget ensure smooth operation without lag or order failures? What if the issuer of the tokenized U.S. assets, Reality, runs away or goes bankrupt? Who will be responsible for users' assets?

Thomas:

In response to extreme market conditions, we are continuously optimizing the trading link. In the future, we will connect to Wall Street's high-frequency trading "dedicated lines." At that time, the trading performance, throughput, and speed will reach world-class levels, allowing ordinary users to enjoy the same smooth experience as large brokerages and quantitative hedge funds.

家印:

Regarding the issue of running away, everyone can rest assured:

• Reality is a self-developed product by the Bitget team, deeply cooperating with the licensed brokerage Alpaca at the underlying level.

• Bitget has been operating for 8 years, always maintaining a good platform security record.

• Our asset reserve proof exceeds 100%+.

• We have a user protection fund of $300 million specifically for addressing major risks such as black swan events.

5. Real Asset Verification and Third-Party Auditing

Q:

How can users verify that the U.S. stock tokens they buy are real assets? How can it be proven that they are truly one-to-one anchored?

Thomas:

We have hired a licensed third-party professional accounting auditing firm in the U.S. (The Network Firm) to conduct 24/7 monitoring audits of our stocks and on-chain tokens.

We have disclosed our securities and capital accounts at the cooperating brokerage to the auditing firm, allowing them to directly read the number of our underlying stocks while comparing it with the public information of the on-chain token smart contracts. Daily and monthly, corresponding audit reports will be issued in real-time and disclosed to the public. If the asset ratio is found to be less than 100%, it will be immediately announced.

6. Community Content, Investor Education, and Operational Thinking

Q (Frank):

U.S. stocks are different from cryptocurrencies; they have very multi-dimensional structured data and sector concepts. Brokerages like Futu and Tiger pay great attention to building the content ecosystem within their platforms by supporting quality traders to write analyses and create visual sector maps to stimulate and assist users in making trading decisions. What plans does Bitget have for content operation and investor education?

Thomas:

Content and timeliness are crucial for U.S. stock trading. Over the past month, we have been intensively negotiating cooperation with several large U.S. stock information and data providers for procurement. Functions such as earnings reports, in-depth analysis, and news will be gradually iterated and launched alongside the product, benchmarking traditional brokerages.

家印:

We found that many U.S. stock users are Crypto "newbies," and some even need step-by-step guidance on how to bind Google Authenticator, so investor education is our top priority. We are currently actively building a team, interviewing several U.S. stock analysts from traditional industries, and forming an 8-person BD team and professional U.S. stock content operations. With some adjustments in services from traditional brokerages, new user demands have indeed emerged in the market. What we need to do is solidify basic services, user education, and operational support to help these users adapt more smoothly and efficiently to the new multi-asset trading methods.

💡 Sneak Peek: Bitget U.S. Stock June Plans and Key Timelines

At the end of Space, 家印 and Thomas outlined the intensive "bullets" that will be launched in June:

• Mid-June:

• For trading VIP and capital VIP 3 clients, the complete order book for U.S. stock spot trading will be fully unlocked.

• The unified account model will fully support U.S. Stocks 2.0 spot trading.

• Launch of "Weekend Trading"! Opening a new era of 7×24 hour U.S. stock trading. The first batch will support 20 popular U.S. stocks for weekend trading, and will gradually expand to around 100 stocks.

• Late June:

• Launch of "U.S. Stock Strategy Trading (Grid, etc.)" and "One-Click Copy Trading" functions.

• Launch of "Staking and Lending," supporting the use of U.S. stock spots as contract margins or lending collateral, enhancing users' capital utilization.

• Within the next 1-2 months:

• Launch of on-chain U.S. stock solutions. At that time, users will be able to trade U.S. stock tokens directly on-chain through Bitget Wallet and other Web3 wallets.

• Open the API interface for U.S. stock spots to meet the needs of professional traders and quantitative teams.

Conclusion:

Bitget U.S. Stocks 2.0, with its sincere liquidity, millisecond-level product experience advantages, and 7×24 hour hard-core planning, is moving at full speed towards creating the smoothest All-in-One asset allocation platform!

For buying U.S. stocks, choose Bitget first.