press launch
PRESS RELEASE. Victoria, Seychelles, April twenty sixth, 2023 — Bitget, prime crypto derivatives and duplicate buying and selling platform, has introduced the addition of Liquid Staking Derivatives (LSDs) as a margin option for Bitget Coin-margined Futures, making it the primary centralized alternate to supply such merchandise in the marketplace. This new function will permit merchants to proceed incomes staking rewards whereas additionally using their staked property for buying and selling functions.
Bitget Coin-margined Futures is a novel product designed for crypto-enthusiasts, supporting a number of currencies as a margin for varied futures buying and selling pairs. With the introduction of LSDs as collateral, merchants can now entry the liquidity of staked property with out having to unstake them. Presently, Bitget helps stETH as collateral for the primary rollout, and plans to broaden assist for extra property for LSDs collateral sooner or later.
Utilizing LSDs as a margin presents a spread of advantages for cryptocurrency merchants. It gives elevated flexibility and diversification, serving to customers handle threat extra successfully and doubtlessly providing a extra environment friendly manner to make use of staked property for buying and selling. This may be significantly advantageous for merchants trying to broaden their buying and selling methods past holding or staking cryptocurrencies. Moreover, utilizing LSDs as a margin may help traders enhance the liquidity of staked property. By incomes staking rewards whereas offering liquidity for buying and selling, LSDs can create a extra vibrant buying and selling ecosystem and doubtlessly enhance the general worth of staked property.
“With this newest addition, Bitget continues to solidify its place because the main crypto derivatives buying and selling platform with a number of revolutionary merchandise. Merchants can now reap the benefits of this new function by logging into their Bitget account and choosing LSDs as a margin choice. By providing LSDs as a margin choice, we’re giving our customers higher flexibility and extra numerous buying and selling methods, which we consider will drive additional innovation and progress within the cryptocurrency derivatives market. We’re proud to be the primary alternate to supply this cutting-edge function and are excited to proceed main the best way in offering our customers with essentially the most superior buying and selling instruments and choices.“ mentioned Gracy Chen, Managing Director of Bitget.
Bitget is a prime crypto derivatives alternate, which launched the primary USDT-margined futures and USDC-margined merchandise within the business. In accordance with Coingecko, Bitget is at the moment a prime 5 futures buying and selling platform supporting 170+ futures buying and selling pairs.
About Bitget
Established in 2018, Bitget is the world’s main cryptocurrency alternate with futures buying and selling and duplicate buying and selling companies as its key options. Serving over 8 million customers in additional than 100 nations and areas, the alternate is dedicated to serving to customers commerce smarter by offering a safe, one-stop buying and selling answer. Bitget conjures up people to embrace crypto by way of collaborations with credible companions, together with legendary Argentinian footballer Lionel Messi, the main Italian soccer workforce Juventus, and official eSports occasions organizer PGL. In accordance with Coingecko, Bitget is at the moment a prime 5 futures buying and selling platform and a prime 10 spot buying and selling platform.
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