Tokenized Stock Markets Close Liquidity Gap with Crypto

A joint report by Bitget and analytics firm Block Scholes found that tokenized stock markets are narrowing the liquidity gap between traditional finance and cryptocurrency. The study examined four of Bitget's largest tokenized perpetual contracts, including those linked to Nvidia (NVDA-$USDT), SPDR S&P 500 ETF (SPY-$USDT), Invesco QQQ ETF (QQQ-$USDT), and gold (XAU-$USDT).

Liquidity across these markets strengthened through 2026, with several equity-linked contracts showing tighter spreads, deeper order books, and faster recovery during periods of market stress. According to the report, NVDA-$USDT had reached approximately $4.1 million in resting liquidity within 2% of its mid-price by mid-May.

This is roughly three-quarters of the liquidity available in Bitcoin's spot market on Bitget. The study found that liquidity conditions improved as U.S. trading hours progressed, with bid-ask spreads narrowing and order book depth increasing steadily during the first months of 2026.