(MENAFN- GlobeNewsWire – Nasdaq) VICTORIA, Seychelles, Sept. 23, 2024 (GLOBE NEWSWIRE) — Bitget , the leading exchange and Web3 company, is excited to announce the launch of the USDT-M Futures in Multi-Asset Mode , available to all users starting on September 23, 2024, at 16:00 (UTC+8). This new feature allows users to trade USDT-margined futures by using non-USDT assets as margin, offering greater flexibility and capital efficiency. In single-asset margin mode, only USDT is used as collateral, whereas multi-asset margin mode allows users to leverage a variety of cryptocurrencies for USDT-M Futures trading. Bitget’s Multi-Asset Margin Mode now supports BTC, ETH, SOL, XRP, PEPE, USDC, BGB, and USDT as collateral. This means users can utilize their existing assets directly for margin trading without needing to convert them into USDT. Bitget will continue to update the list of supported assets as market conditions change, providing users with more trading options.
This innovative feature allows users to leverage their assets for trading in multiple asset classes, opening up new possibilities for trading strategies and potentially increasing their returns. The Multi-Asset Margin Mode is designed to be user-friendly and intuitive, with a clear and concise interface that makes it easy to understand and use. This feature is particularly beneficial for experienced traders who are looking to diversify their trading strategies and explore new opportunities.
As one of the largest derivatives trading platforms in crypto, Bitget is renowned for its high liquidity, low fees, and stability, supporting over 300 cryptocurrencies. The futures trading volumes of major assets like BTC consistently rank Bitget among the top two in the industry. Additionally, to help users trade smarter, Bitget supports tools such as copy trading and AI bots in the derivatives market, enabling the optimization of trading strategies and the automation of trading operations. This new mode enhances the capital efficiency of users by allowing them to trade without needing to liquidate or convert their preferred cryptocurrencies. Bitget remains dedicated to continuous innovation and to meeting the demand for more flexible derivatives products, empowering its 45 million users to manage and diversify portfolios in a rapidly evolving market.
Bitget has over 10 million users globally, with a strong presence in Asia, Europe, and the Americas. Bitget offers a wide range of services including spot trading, margin trading, futures trading, and staking. Their primary mission is to empower users with the tools and resources they need to navigate the world of Web3, providing them with a secure, reliable, and user-friendly platform for trading cryptocurrencies and other digital assets.
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