Bitget Spot Cross Margin adds ETH/USDC, XRP/USDC, SOL/USDC

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Bitget Announcement2024/07/11 05:35

By:Bitget Announcement

Bitget has launched cross spot margin for ETH/USDC, XRP/USDC, SOL/USDC. New listing perk: To celebrate the listing of new coins, Bitget will distribute spot leverage cut-rate coupons or trading bonuses to users' accounts at random. These coupons can be used to leverage at low or zero interest, whil

Bitget has launched cross spot margin for ETH/USDC, XRP/USDC, SOL/USDC.

New listing perk: To celebrate the listing of new coins, Bitget will distribute spot leverage cut-rate coupons or trading bonuses to users' accounts at random. These coupons can be used to leverage at low or zero interest, while the trading bonuses can be used directly in margin trading. You can claim coupons and trading bonuses via the Coupons Center.

Benefits of cross margin mode:

Cross margin vs spot trading: Margin trading lets you borrow funds to amplify your profits. During a bullish market, margin trading helps you buy more assets and take long positions. Conversely, in a bearish market, margin trading helps you sell more assets and take short positions.

Cross margin vs. isolated margin: In cross margin mode, you can use any supported coin as margin and borrow more funds to trade. On the other hand, isolated margin mode limits you to using the base coin or quote coin of a trading pair as margin.

Note: Under cross margin mode, all supported coins share risk collectively for a more effective use of assets. We strongly advise you to monitor and manage your risk ratio.

References:

Three steps to complete Bitget spot margin trading

Disclaimer

Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users should conduct their own research and invest at their own discretion. Bitget shall not be liable for any investment losses.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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