Messari Report: Bitget's cumulative trading volume in US stocks exceeds $18 billion, UEX model enters the stage of scaled growth

Messari recently released a research report that provides an in-depth analysis of the market structure evolution of Bitget, pointing out that its Universal Exchange (UEX) model has entered a stage of scalable growth driven by tokenized assets and institutional business. According to the report, as of December 2025, the total trading volume related to U.S. stocks on the Bitget platform has surpassed $18 billion.

In terms of segmented business performance, tokenized stocks have become one of the most significant growth areas for Bitget. The report mentions that this business has rapidly expanded since its launch in July 2025, with related futures trading volume reaching $17.1 billion and spot trading volume in December amounting to approximately $1 billion. Notably, Bitget holds nearly 90% of the market share in the overall trading activity of Ondo tokenized stocks.

Additionally, the report also discusses the overall expansion of the Bitget Universal Exchange (UEX) architecture. Since its launch in April 2025, the on-chain trading segment of Bitget has accumulated a trading volume of over $2.4 billion. Messari believes that as institutional participation continues to rise, the UEX model reflects not only an expansion at the product level but also indicates that trading infrastructure is evolving from a relatively decentralized model to a more unified and integrated system.