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 choice for Bitget Coin-margined Futures, making it the primary centralized change to offer such merchandise in the marketplace. This new function will enable merchants to proceed incomes staking rewards whereas additionally using their staked belongings for buying and selling functions.
Bitget Coin-margined Futures is a singular 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 belongings with out having to unstake them. At present, Bitget helps stETH as collateral for the primary rollout, and plans to develop help for extra belongings for LSDs collateral sooner or later.
Utilizing LSDs as a margin presents a spread of advantages for cryptocurrency merchants. It offers elevated flexibility and diversification, serving to customers handle danger extra successfully and doubtlessly providing a extra environment friendly approach to make use of staked belongings for buying and selling. This may be significantly advantageous for merchants seeking to develop their buying and selling methods past holding or staking cryptocurrencies. Moreover, utilizing LSDs as a margin might help traders enhance the liquidity of staked belongings. 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 belongings.
“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 larger flexibility and extra numerous buying and selling methods, which we imagine will drive additional innovation and development within the cryptocurrency derivatives market. We’re proud to be the primary change to supply this cutting-edge function and are excited to proceed main the best way in offering our customers with probably the most superior buying and selling instruments and choices.“ stated Gracy Chen, Managing Director of Bitget.
Bitget is a prime crypto derivatives change, which launched the primary USDT-margined futures and USDC-margined merchandise within the trade. In line 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 change with futures buying and selling and duplicate buying and selling providers as its key options. Serving over 8 million customers in additional than 100 international locations and areas, the change is dedicated to serving to customers commerce smarter by offering a safe, one-stop buying and selling resolution. Bitget evokes people to embrace crypto by collaborations with credible companions, together with legendary Argentinian footballer Lionel Messi, the main Italian soccer staff Juventus, and official eSports occasions organizer PGL. In line 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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