Bitget, the world's largest Universal Exchange (UEX), has released a comprehensive research whitepaper titled "Bitget Universal Exchange (UEX): Blueprint for Financial Technologies in Crypto, Stocks, Commodities, and Emerging Markets." Authored by Ryan Lee, Chief Analyst at Bitget Research, and co-authored by Gracy Chen, CEO of Bitget, the paper introduces the Universal Exchange concept as a response to the long-standing trade-offs between usability, asset access, and security.
The whitepaper outlines a vision for exchanges to evolve beyond crypto-only platforms into fully integrated, multi-asset financial systems. Instead of treating centralized finance (CeFi), decentralized finance (DeFi), and traditional markets as separate entities, the UEX model aims to bring them together under a single account structure. This integration is supported by AI-driven execution and a unified risk and security layer.
The research arrives at a time when many exchanges are rapidly adding features like Web3 wallets, AI tools, and new asset classes, often as loosely connected add-ons. Bitget argues that the next phase of competition will be defined less by the number of features and more by how deeply those features are integrated at an architectural level. The UEX framework reflects this shift, with Bitget already offering live support for on-chain assets, tokenized exposure to stocks, AI-assisted trading via its GetAgent tool, and a security model anchored by proof of reserves and a $700 million protection fund.
"Every exchange talks about innovation, but real progress comes when systems start making sense to and for users," said Gracy Chen. "The UEX is about making markets work together. One account, one experience, and a level of transparency and protection that users can actually trust."
Ryan Lee emphasized the goal is to shift the industry discussion away from surface-level upgrades. "The industry has reached a point where adding another wallet or another AI tool is not enough," Lee stated. "What matters is whether these systems actually talk to each other. UEX is our way of showing how that integration can work at scale, across crypto and traditional markets."
The whitepaper also positions Bitget's approach within a broader industry context, comparing how major platforms are progressing across seven dimensions of UEX readiness, including unified accounts, AI execution, and on-chain risk controls. It highlights that achieving full universality requires foundational design decisions that are difficult to retrofit later.
Beyond detailing Bitget's own implementation, the paper presents UEX as a broader industry blueprint adaptable by other exchanges, fintech companies, and traditional institutions. This vision is underscored by projections that tokenized assets could grow into the trillions of dollars by the end of the decade, positioning universal exchanges as a foundational element for the next stage of financial market evolution.
