Gate opens access to Hong Kong stock trading powered by USDT

Gate has launched access to more than 1,000 Hong Kong-listed stocks through its platform, allowing users to trade equities with USDT as crypto exchanges continue adding traditional financial products alongside digital assets.

According to Gate, the new service gives users access to companies listed on both the Main Board and GEM of the Hong Kong Stock Exchange without requiring a traditional brokerage account or Hong Kong dollar conversion. 

Available stocks include major firms such as Tencent Holdings, HSBC Holdings, CATL, China Mobile, Xiaomi, Meituan, BYD, Ping An Insurance, AIA Group, and Hong Kong Exchanges and Clearing.

The rollout extends Gate’s stock trading business, which already supports more than 10,000 U.S.-listed stocks and ETFs. Through a single stock account, users can now manage positions in both U.S. and Hong Kong equities while funding trades with USDT transferred from their existing Gate accounts.

Hong Kong stock prices, portfolio values, and profit and loss calculations are displayed in Hong Kong dollars, while trading remains limited to regular market hours. Gate said the service includes the same functions available for U.S. stocks, including order placement, position management, asset monitoring, and order tracking.

Crypto exchanges push deeper into equity markets

Expansion into Hong Kong equities comes as competition among crypto platforms to offer stock market access continues to intensify.

Earlier this month, Binance announced plans to provide non-U.S. customers with access to more than 7,000 U.S. stocks and ETFs, with purchases supported through assets such as USDT, USDC, BNB, and selected cryptocurrencies. Binance also disclosed plans to introduce tokenized equities known as bStocks on BNB Chain, which would allow eligible users to convert supported shares into onchain assets.

At the same time, tokenized stock activity has accelerated across the industry. As previously reported by crypto.news, Bitget Wallet recently expanded its DEX Aggregator API to support market-order trading of tokenized real-world assets, including tokenized equities. The company said the upgrade enables users to route cryptocurrency trades directly into tokenized stocks through a single API connection.

For Gate, the Hong Kong stock launch adds another product line to an already robust lineup that includes pre-IPO opportunities, IPO access, and secondary-market stock trading. The company said users can now move between pre-listing investments, public offerings, and listed equities within the same ecosystem.

Gate said it plans to expand the number of supported equity assets and continue adding traditional financial products, while maintaining a unified account structure that allows users to access multiple markets from a single platform.