Eight years have passed, and BBX, which aimed to create a "Chinese version of BitMEX," now allows you to purchase global stocks with stablecoins. From USDT contracts in 2018 to global stock RWA in 2026—an exchange that has navigated through eight years of bull and bear markets.

In early 2018, BBX was launched. One year later, in February 2019, the crypto market was trapped in its coldest winter—Bitcoin had been lying below $4000 for almost two months, spot trading was sluggish, and a number of exchanges that once made money daily began to worry about survival. At that time, Odaily Planet Daily published a report titled: “2019 Exchange Survival Guide, BBX Aims to Become China's BitMEX.” The protagonists in the article were BBX, which had just been online for over a year, and its founder, Jasper.

At that time, BBX did something that many later imitated: while almost everyone was using BTC as contract margin, it was the first to launch USDT-based contracts. The logic was simple to the point of being almost self-evident—you should gain steady returns if you correctly predict the market direction, rather than losing everything because BTC itself dropped and wiped out your correct positions. Today, stablecoin-based contracts have become an industry standard, but at the beginning of 2018, this was a courageous judgment.

At the end of that report, Jasper left a seemingly insignificant comment: BBX would follow regulatory changes and move more traditional financial products onto the blockchain. Eight years later, looking back at that statement feels like a foreshadowing.

Let's state the most straightforward fact: BBX is still here.

What the crypto industry lacks are the beginnings of stories; what it desperately needs are conclusions. Of the batch of exchanges in 2018 and 2019 that claimed to "disrupt" and aimed to "become a Chinese version of something," very few can still be accessed via their official websites today. Surviving in this industry is a rare capability in itself. It means having navigated through March 12, through FTX, and through successive bull and bear markets and regulatory shifts. Many projects that boasted louder names than BBX have stalled somewhere along the way. BBX is not just alive—it has transformed and re-emerged.

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

Opening bbx.com, the most eye-catching line is this—Global Stocks. No Broker. You do not need to open a US stock account, you do not need Hong Kong stock margin, and you do not need to study a pile of account opening documents for IPOs in South Korea or Taiwan. You only need one wallet and a bit of stablecoin. One wallet connects you to the five major markets: US stocks, Hong Kong stocks, Japanese stocks, South Korean stocks, and Taiwanese stocks.

Here’s what it can do now:

▸ Purchase global stocks directly using stablecoins. US stocks, Hong Kong stocks, Japanese stocks, South Korean stocks, and Taiwanese stocks—five major markets. Nvidia, SoFi, Palantir, Advanced Micro Devices, China Construction Bank, Lenovo, Xiaomi… over 500 stocks, one-click buying on-chain, settled in USDT, available 24/7, no longer bound by trading hours and time zones.

▸ IPO subscriptions. New stock subscriptions in the Hong Kong and US markets have moved on-chain. You can participate in stocks currently being offered with a click, without waiting in line at brokers for quotas or margin.

▸ Pre-IPO. Through a cooperative SPV structure, you can gain tokenized exposure to top private equity firms—many of the most anticipated late-stage private equity projects are on the list. Assets that were once available only to a very few now have opened a door through an invitation-only approach.

▸ Contracts. The original business that started it all hasn’t been lost. Over 100 contract varieties, with up to 100 times leverage, and now you can trade stock perpetuals directly—essentially grafting the derivative genes from eight years ago onto today’s RWA assets.

It’s important to clarify one point: BBX is not a token, but an RWA trading platform. What it does is not just issue another coin for you to speculate on, but rather brings real assets from the real world—stocks, new shares, private equity shares—onto the blockchain with stablecoin settlements, allowing you to buy, sell, enter, and exit.

Why now?

In the past two years, "tokenization" has shifted from a PPT term to something that is actually happening. Buying US stocks on-chain is no longer a gray-area sidestep but is now a direction that both regulators and Wall Street are beginning to take seriously; stablecoins have also become a genuine channel for global capital flow. As this tide comes in, the two foundations BBX laid eight years ago—stablecoin settlement and traditional finance on-chain—are perfectly aligned. This isn’t just a transformation hitting the right trend; it feels more like a company that has endured for eight years finally sees the world it believed in from the start.

This time, we hope it goes further.

Jasper said in 2019 that traditional financial products would move onto the blockchain. In 2026, this statement has come true.

Eight years is enough time for an industry to see several changes of personnel, and it is enough to turn most grandiose statements into jokes. BBX ultimately did not become "the Chinese version of BitMEX"—it has reached a place that was unimaginable in that old report. No one knows what the next eight years will bring. But at least for now, we can say: this time, we hope it goes further.

bbx.com Buy global stocks without opening an account.

Risk Warning: This article does not constitute any investment advice. Trading of digital assets and derivatives carries high risks; please participate cautiously after fully understanding the risks and comply with applicable laws and regulations in your location.

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