as in original. Original content:
Bitget has been named the leading platform for liquidity and execution quality in tokenized equities, according to a new report from data aggregator DeFiLlama. The ranking places Bitget ahead of other exchanges in the rapidly growing market for real-world assets on blockchain rails.
Translation: "Bitget telah dinamakan sebagai platform terkemuka untuk kecairan dan kualiti pelaksanaan dalam ekuiti token, menurut laporan baharu daripada pengagregat data DeFiLlama. Kedudukan itu meletakkan Bitget di hadapan bursa lain dalam pasaran yang berkembang pesat untuk aset dunia sebenar di atas landasan blockchain." We need to be careful with "real-world assets" - "aset dunia sebenar" is fine. "blockchain rails" - "landasan blockchain" or "rel blockchain"? "Rails" often translated as "landasan" or "rel". I'll use "landasan blockchain".What the DeFiLlama report shows
->Apa yang ditunjukkan oleh laporan DeFiLlama
The DeFiLlama report assessed platforms on metrics including order-book depth, spread tightness, and trade execution speed for tokenized equity products. Bitget scored highest across these categories, the data indicate. The report did not disclose the exact scores or methodology used for the ranking.
Translation: "Laporan DeFiLlama menilai platform berdasarkan metrik termasuk kedalaman buku pesanan, ketatnya spread, dan kelajuan pelaksanaan dagangan untuk produk ekuiti token. Bitget mendapat skor tertinggi dalam semua kategori ini, menurut data. Laporan itu tidak mendedahkan skor tepat atau metodologi yang digunakan untuk kedudukan tersebut." We need to ensure "order-book depth" - "kedalaman buku pesanan" is fine. "spread tightness" - "ketatnya spread" or "ketat spread". "trade execution speed" - "kelajuan pelaksanaan dagangan". "scored highest" - "mendapat skor tertinggi". "data indicate" - "menurut data" or "data menunjukkan". I'll use "data menunjukkan" but we have "the data indicate" - "data menunjukkan". Actually "menurut data" is also fine. Let's use "data menunjukkan" for clarity.Tokenized equities are blockchain-based representations of traditional stocks, allowing investors to trade fractional shares around the clock. The sector has drawn attention from both crypto-native traders and traditional finance institutions looking for new distribution channels.
Translation: "Ekuiti token ialah representasi berasaskan blockchain bagi saham tradisional, membolehkan pelabur berdagang pecahan saham sepanjang masa. Sektor ini telah menarik perhatian daripada pedagang asli kripto dan institusi kewangan tradisional yang mencari saluran pengedaran baharu." "crypto-native traders" - "pedagang asli kripto" or "pedagang kripto asli". I'll use "pedagang asli kripto". "traditional finance institutions" - "institusi kewangan tradisional". "distribution channels" - "saluran pengedaran".Tokenized equities market nearing $2 billion
->Pasaran ekuiti token menghampiri $2 bilion
The overall market for tokenized equities is approaching a $2 billion market capitalization, DeFiLlama data show. That figure represents growth of more than 140% over the period covered in the report. The surge reflects increasing demand for on-chain access to traditional assets.
Translation: "Pasaran keseluruhan untuk ekuiti token menghampiri permodalan pasaran $2 bilion, menurut data DeFiLlama. Angka itu mewakili pertumbuhan lebih daripada 140% sepanjang tempoh yang diliputi dalam laporan itu. Lonjakan itu mencerminkan peningkatan permintaan untuk akses atas rantai kepada aset tradisional." "on-chain access" - "akses atas rantai" or "akses on-chain". Since we are using Malay, we can say "akses atas rantai" but it might be awkward. Better to use "akses on-chain" as it's a tech term. But we need to translate naturally. I'll use "akses atas rantai" but maybe "akses dalam rantai" is not standard. Actually "on-chain" is often left as is. I'll use "akses on-chain" to be clear. But the requirement says "Use appropriate Malay terminology for crypto/tech terms" - so we can use "on-chain" as it's common. I'll use "akses on-chain".Bitget's top ranking comes as competition among exchanges to capture tokenized equity volume intensifies. Several major platforms have launched or expanded their offerings in this space over the past year.
Translation: "Kedudukan teratas Bitget datang ketika persaingan di kalangan bursa untuk menangkap volum ekuiti token semakin sengit. Beberapa platform utama telah melancarkan atau memperluaskan tawaran mereka dalam ruang ini sepanjang tahun lalu." "top ranking" - "kedudukan teratas". "capture tokenized equity volume" - "menangkap volum ekuiti token". "intensifies" - "semakin sengit". "offerings" - "tawaran". "space" - "ruang".Why liquidity and execution quality matter
->Mengapa kecairan dan kualiti pelaksanaan penting
For traders, liquidity determines how easily they can enter or exit a position without moving the price. Execution quality covers the speed and reliability of order fills. A platform that leads on both metrics can attract more volume and tighter spreads, creating a virtuous cycle.
Translation: "Bagi pedagang, kecairan menentukan betapa mudahnya mereka boleh masuk atau keluar dari kedudukan tanpa menggerakkan harga. Kualiti pelaksanaan merangkumi kelajuan dan kebolehpercayaan pengisian pesanan. Platform yang mendahului dalam kedua-dua metrik boleh menarik lebih banyak volum dan spread yang lebih ketat, mewujudkan kitaran yang baik." "enter or exit a position" - "masuk atau keluar dari kedudukan". "order fills" - "pengisian pesanan". "virtuous cycle" - "
