Bitget, a cryptocurrency exchange and Web3 platform, has unveiled the AIXBTUSDT-M perpetual futures contract, now open for trading.
Offering up to 75x leverage, this new product empowers traders with significant profit potential while integrating advanced tools for automated portfolio management and strategic precision.
Designed to cater to both experienced and novice traders, the AIXBTUSDT-M futures use Tether (USDT) as the settlement asset, streamlining trading strategies under a unified account structure. The contract features a granular tick size of 0.00001 for enhanced accuracy and funding fees settled every eight hours to maintain market equilibrium. Trading is available 24/7, ensuring continuous access to opportunities in the fast-paced crypto market.
In its press release, Bitget highlighted its adaptability by retaining the ability to adjust contract parameters, including tick size, leverage, and margin rates, to align with shifting market dynamics. This strategy reinforces the platform’s commitment to ensuring a secure and efficient trading environment.
The press release also emphasized how the new launch complements Bitget’s extensive futures offerings, including USDT-M futures for easy settlements, Coin-M futures for direct cryptocurrency holdings, and USDC-M futures for stablecoin-based strategies.
This launch solidifies Bitget’s position as a global leader in derivatives trading, providing innovative tools and competitive leverage options to its expanding user base.
Meanwhile, Bitget recently announced significant updates to its BGB tokenomics, including a major token burn. The exchange burned 800 million BGB, reducing the total supply by 40% to 1.2 billion tokens, a move designed to boost utility and transparency. Bitget also committed to quarterly burns, using 20% of its trading fee profits, with detailed burn reports made publicly available on-chain.
Additionally, Bitget revealed the merger of its Bitget Wallet Token (BWT) with BGB, consolidating them into a single ecosystem asset. Starting in 2025, the unified token will enable off-chain payments for services like dining, travel, fuel, and shopping. Bitget plans to position this token as a bridge between Web3 and everyday consumption, providing a seamless one-stop payment solution.
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