Core Insights - Bitget's strategic vision for a panoramic exchange (UEX) has proven effective, as evidenced by the achievements in 2025 and the industry's shift towards similar transformations [1] Business Performance - Bitget's on-chain trading (Onchain) has successfully integrated DEX trading experiences into the CEX framework, with a cumulative trading volume exceeding $2.4 billion by year-end [1] - The U.S. stock contract segment, launched in September, has attracted over 1 million users, with a total trading volume surpassing $15 billion, and stock tokens on the Ondo platform accounting for nearly 90% of trades [1] - Following the full opening of the TradFi segment, daily trading volume has rapidly increased to $2 billion, highlighting the growing demand for diversified asset trading and the competitive advantage of a one-stop exchange [1]