Daily Observation of Cryptocurrency Concept Stocks: Eight Years of Navigating Bull and Bear Markets, Now You Can Buy Global Stocks Without Opening an Account

It’s been eight years since BBX, which aimed to be the “Chinese version of BitMEX,” now allows you to buy global stocks with stablecoins. From USDT contracts in 2018 to global stock RWA in 2026——an exchange that has survived through eight years of bull and bear markets.

At the beginning of 2018, BBX was launched. A year later, in February 2019, the crypto market was trapped in its coldest winter——Bitcoin had been lying below $4,000 for almost two months, spot trading was sluggish, and a number of exchanges that once made fortunes daily began to worry about survival. At that time, Odaily Planet Daily published a report titled: “2019 Exchange Survival Guide, BBX Aims to Be the Chinese Version of BitMEX.” The protagonist of the article was this derivatives exchange BBX, which had just been online for a little over a year, and its founder Jasper.

At that time, BBX did something that many later copied: while almost everyone was using BTC as collateral for contracts, it was the first to launch USDT-based contracts. The logic was simple to the point of being obvious——if you are right about the direction, you should earn steady profits, rather than losing your correct trades just because BTC itself dropped. Today, stablecoin-based contracts have become an industry standard, but at the beginning of 2018, this was a judgment that required courage.

At the end of that report, Jasper left a line that seemed inconspicuous at the time: BBX would follow regulatory developments and bring more traditional financial products onto the blockchain. Eight years later, looking back at that sentence feels like a pre-written spoiler.

Let’s state the most basic fact: BBX is still here

What the crypto industry lacks is not the beginning of stories, but the endings. Among the exchanges that shouted about “disruption” and aimed to “be the Chinese version of something” in 2018 and 2019, very few can still open their official websites today. Surviving in this industry is a rare ability in itself. It means having weathered the 312 incident, FTX, and repeated cycles of bull and bear markets along with regulatory changes. Many projects with names louder than BBX have stalled at some midway point. But BBX is not just surviving——it has transformed and emerged anew.

Today’s BBX can be summed up in one sentence: Buy global stocks without opening an account.

When you open bbx.com, the most eye-catching phrase is——Global Stocks. No Broker. You don’t need to open a US stock account, you don’t need a Hong Kong stock margin account, and you don’t need to study a stack of account opening documents to participate in new issues of Korean and Taiwanese stocks. You only need a wallet and a bit of stablecoin. One wallet connects you to five major markets: US stocks, Hong Kong stocks, Japanese stocks, Korean stocks, and Taiwanese stocks.

What it can do now:

▸ Directly buy global stocks with stablecoins. US stocks, Hong Kong stocks, Japanese stocks, Korean stocks, Taiwanese stocks, five major markets. Nvidia, SoFi, Palantir, AMD, China Construction Bank, Lenovo, Xiaomi…… Over 500 stocks, one-click purchase on-chain, settled in USDT, available 24/7, no longer bound by trading hours and time zones.

▸ IPO participation. New stock subscriptions for Hong Kong and US stocks have been moved on-chain. You can participate in stocks that are currently in the offering with just a click, without having to queue at a brokerage for quotas or compete for margin.

▸ Pre-IPO. Through a cooperative SPV structure, gain tokenized exposure to top private equity firms——a list of the most sought-after late-stage private equity projects is available. Assets that were previously only open to a very few people are now accessible through an invitation system.

▸ Contracts. The old business that started it all hasn’t been lost. Over 100 contract varieties, up to 100x leverage, and now you can directly trade perpetual stocks——essentially grafting the derivatives gene from eight years ago onto today’s RWA assets.

One thing needs to be clarified: BBX is not a token, but an RWA trading platform. It is not about issuing another coin for speculation, but about bringing real assets from the real world——stocks, new shares, private equity shares——onto the blockchain in a way that settles with stablecoins, allowing you to buy, sell, enter, and exit.

Why now?

In the past two years, “tokenization” has transformed from a PPT buzzword into something that is genuinely happening. Buying US stocks on-chain is no longer a gray area but a direction that both regulators and Wall Street are beginning to take seriously; stablecoins have also become a real channel for global capital flow. When this tide comes in, the two foreshadowings that BBX planted eight years ago——stablecoin settlement and traditional finance on-chain——have both come together. This is not just a transformation that hit the trend; it feels more like a company that has endured for eight years has finally arrived at the world it believed in from the start.

This time, we hope it goes further

Jasper said in 2019 that he wanted to bring traditional financial products onto the blockchain. In 2026, that statement has come true.

Eight years is enough time for an industry to change several generations of people and for most grandiose statements to turn into jokes. BBX ultimately did not become the “Chinese version of BitMEX”——it has reached a place that was unimaginable in that old report. What the next eight years will hold is unknown. But at least we can say this now: This time, we hope it goes further.

Buy global stocks on bbx.com without opening an account.