Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Convertible bonds hit a new high in 2024: AI companies' financing boom, Asian market accelerates by 2026
【Crypto World】The convertible bond market has experienced a rare surge this year. According to Bloomberg data, the total global convertible bond financing in 2025 has surpassed $166.5 billion, setting a new 24-year record. The driving force behind this growth is not hard to guess— the AI boom. From Alibaba to supermicrocomputers, tech giants are all injecting capital into AI projects through convertible bonds. Data shows that AI-related companies contributed approximately 40% of the returns in the benchmark convertible bond index, making it the most eye-catching sector in the capital markets this year.
Interestingly, this trend is still heating up. Analysts predict that the convertible bond market will not cool down in 2026, as refinancing needs and rising stock prices will continue to boost financing scales. Especially in Asia, convertible bonds are gradually evolving into a mainstream financing channel, becoming a standard tool in corporate financing portfolios. The implication for the crypto market is that when traditional capital markets see a surge in financing demand, it often signals economic expansion, which is relevant for the entire risk asset ecosystem.