Super Match Is Live: An Ultra-efficient Liquidity Layer for rToken

Super Match is now live for rToken trading on Bitget. Until now, an rToken order depended mainly on liquidity and execution in external markets. With Super Match, your order first looks for a fill on Bitget's own order book, against buy and sell orders from other Bitget traders and market makers. Any part that does not fill there is routed to external liquidity. You place the order the same way as before, we will handle the routing.

What has changed

Before Super Match, an rToken order had one main path. During US market sessions, it was routed through brokers to the NASDAQ and NYSE order books. The depth you could trade against sat outside Bitget.

With this new liquidity and price-discovery framework, the bids and asks resting on Bitget's rToken order book now count too. They can take the other side of your trade. Super Match is the connection between the 2 sources. It checks the Bitget book first and sends whatever is left to external liquidity.

How Super Match handles an order

1. You submit an rToken order.

2. Super Match checks the quotes available on Bitget's order book first.

3. The part that can fill on Bitget is matched by price-time priority. The best price fills first. At the same price, the order that was placed earlier fills first.

4. Any quantity left over is routed to external liquidity.

Say you place an order to buy 100 rNVDA. Sell orders resting on the Bitget book cover 80 rNVDA at prices your order accepts. Those 60 fill on Bitget. The other 20 are routed to external liquidity and fill there, and you never had to choose a venue for either part.

Create a Bitget account and complete identity verification to see which rTokens are available in your region.

What Super Match means for your trades

Your order now has 2 sources of fills. It still reaches external markets, and it also reaches the buy and sell interest gathered on Bitget. When external liquidity is thin, for example, and spreads widen or depth narrows at certain hours, Super Match gives your order a higher chance to get filled faster and at a better price.

You do not need to pick an execution path. The order tries Bitget first and connects to external liquidity only for the remainder.

When depth is thin on both sources, a market order can still fill further from the last price than you expected. A limit order caps the price you pay or receive.

How it works across US market hours

The role of Super Match changes with the US market calendar.

Selected popular rTokens stay tradable 24/7, including weekends and US market holidays. During those hours, the depth you trade against comes from market maker quotes and orders from other Bitget traders. That depth is usually thinner than in US regular hours, so check the order book before you place a large order.

Open a Bitget account to trade crypto and US equity exposure from one USDT balance.

What Super Match means for market makers

Quotes resting on Bitget's rToken order book can now match against eligible order flow that passes through Super Match. Your orders now sit in a much bigger pool where other traders and institutions trade. When your quote is competitive, it can fill an incoming order before the remainder is routed out. Market makers who keep 2-sided quotes up consistently get more chances at passive fills, and their quotes add to the depth rToken traders see on Bitget.

Super Match is a critical puzzle piece for Bitget's institutional-level liquidity infrastructure that expands beyond broker connections. With its internal matching-first mechanism, dedicated pricing channels, and tiered market depth data, market makers now benefits from Bitget's lower-latency trade execution, greater transparency into liquidity distribution, and more efficient capital utilization. Super Match also supports differentiated order processing and market data services to meet the diverse trading and operational needs of institutional traders.

To learn about market-making access and quoting requirements, contact the Bitget Institutional team.

Trading rTokens with Super Match

You can trade rTokens on rToken spot from the same USDT balance as your crypto, and transfer any of your existing stock holdings to Bitget with rToken Transfer. Now, Super Match improves your capital efficiency by routing your orders through an extra liquidity layer.

Sign up for a Bitget account to place an rToken order and see the Bitget order book before you confirm.

Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.