Bitget has published a new research whitepaper outlining its vision for a Universal Exchange that extends beyond crypto. The document describes how exchanges can incorporate various asset classes. The whitepaper presents the Universal Exchange model as the solution to the global fragmentation of trading systems.
What The Bitget Whitepaper Is About
Traders, according to the whitepaper, are increasingly interested in accessing multiple markets with a single trading account. Today, it is common to trade crypto, stocks, commodities, and tokenized assets on separate platforms. According to Bitget, this division is a source of friction, increased expenses, and unbalanced risk management.
The universal exchange concept will solve this by combining assets into a single account. The top crypto exchange has already begun strengthening this vision by launching programs aligned with its Universal Exchange adoption strategy.
The model integrates centralized trading, on-chain assets, and conventional market exposure. It also provides a single security and risk management layer across products.
The paper by Bitget highlights that many exchanges have not fully integrated new tools. Hence, features such as Web3 wallets, AI trading tools, and tokenized products usually run separately. According to the white paper, future competition will be based on a proper framework rather than the number of features.
Why Universal Exchanges Are Growing in Popularity
In the Bitget whitepaper, Universal Exchanges are presented as a blueprint for the industry. It implies that similar models can be implemented by fintech companies and organizations.
The study attributes this move to the anticipated increase in tokenized assets. The shift is already being felt in the conventional marketplace, as evidenced by the increase in gold trading volume on Bitget.
Bitget also claimed that the whitepaper is targeted at traders, institutions, developers, and policymakers. It shows how virtual and conventional finance can integrate. The company considers that Universal Exchanges are the basis of the new trading cycle.
How Bitget Is Developing Its UEX
The whitepaper also mentioned that Bitget currently offers on-chain assets and tokenized exposure to stocks. This has already gained momentum, as evidenced by an increase in tokenized stock trading volumes on the Bitget platform.
It also cited AI-assisted trading in its GetAgent system. Security policies include proof of reserves and a $700 million protection fund. Gracy Chen, the chief executive officer of Bitget, stated that the aim is to help markets collaborate with one another.
According to Ryan Lee, chief analyst at Bitget Research, the only way to achieve real progress or development is for systems to communicate with one another. Hence, the Universal Exchange framework is proposed as a solution that is scalable.
The paper also compared industry players using various indicators of readiness. These consist of proper records, AI-assisted processes, and risk control.
Source: https://coingape.com/bitget-releases-universal-exchange-whitepaper-as-it-expands-beyond-crypto-trading/
