Bitget’s Stock Trading Product Accelerates Exodus From Binance

Published by James Harris on June 9, 2026June 9, 2026

Bitget pulled in roughly $191 million in net exchange inflows over the past seven days, placing it second among centralized exchanges globally, according to DefiLlama, with the timing coinciding closely with its June 4 launch of Stocks 2.0, a tokenized equities product letting users trade blockchain-based versions of U.S. stocks and ETFs settled in USDT.

The more telling detail is what the inflow data looks like around Bitget rather than on it. Binance absorbed $695 million in net outflows over a single 24-hour window. Gate.io, HTX, and Bitstamp all registered net negative flows for the week. Capital consolidating toward OKX, Bitget, and Bybit while bleeding from larger or more established venues mirrors a pattern from mid-2023, when exchange-specific trust crises and product differentiation began visibly reshuffling user distribution across CEXs in ways that persisted for months. Bitget’s $571 million inflow week back in April, before Stocks 2.0 existed, suggests the product launch may be accelerating a trend rather than creating one from scratch.

The $1 billion cumulative tokenized stock trading volume figure Bitget cites in its own June announcement is self-reported, with no third-party verification.

The structural question Stocks 2.0 raises is whether tokenized equities on a CEX attract net new capital into crypto or simply retain users who would otherwise go to a brokerage. At 0.1% base trading fees and 1:1 economic exposure to underlying stocks, the product competes directly with zero-commission equity platforms, which means Bitget is betting that custody simplicity and crypto-native features like margin and copy trading are worth the fee delta to a meaningful user segment. With Ondo Finance already operating in the RWA tokenization lane and traditional finance players watching closely, the exchange that builds durable volume in tokenized equities now has a positioning argument that goes beyond spot crypto trading. Bitget’s relatively low average leverage ratio of 1.35x, compared to MEXC at 1.89x and Gate.io at 2.23x, also makes the platform a somewhat easier sell to institutional or semi-institutional users who have become more leverage-sensitive since the 2022 liquidation cascades.

Bitget has indicated it intends to expand the Stocks 2.0 offering to approximately 500 U.S. equities within the first week of launch, a target that, if met with any meaningful trading volume, would make it one of the larger tokenized equity venues by instrument count operating on a centralized platform today.