Bit.com is a leading high-performance derivatives cryptocurrency exchange that provides numerous incentives for futures trading on its platform, including leverage of up to 50x. In addition, the Bit.com team recently added USDT margined futures to its trading platform, making it easier for users to trade on the platform.
USDT margined futures are cryptocurrency derivatives that allow users to build long or short positions and profit from the underlying asset’s price rising or falling. USDT margined futures are denominated in USDT and settled in USDT, and bit.com already supports USDT margined perpetual swaps. Furthermore, USDT margined futures are only available to Unified Margin Mode (UM) users and not Classic Mode users. Information on switching to Unified Margin Mode is available on the bit.com exchange’s website.
Furthermore, Bit.com recently announced a deal with The Open Network to develop, improve, & expand the TON ecosystem. The Open Network, or TON, is a third-generation proof-of-stake blockchain created in 2018 by the Durov brothers, Telegram Messenger’s founders. It was later passed on to the open TON Community, supported and developing it ever since. TON was created for lightning-fast transactions and is exceptionally cheap, user-friendly, and fully functional.
This collaboration would open up new use-cases for TON’s native token, particularly on bit.com’s upcoming savings product in crypto financial services. In addition, as part of the collaboration, Cactus Custody, a 3rd party institutional custody service owned by the developers of bit.com’s cryptocurrency exchange, Matrixport, will support TON’s native token.
When asked about the significance of the partnership with TON, Toya Zhang, Chief Marketing Officer at bit.com, said, “TON’s heritage & roadmap, combined with its performance, has given us confidence in its immense potential. We anticipate that our users will recognize and appreciate its value. Bit.com and Matrixport offer a wide range of innovative products, trading, and asset management tools to help the TON ecosystem grow faster. We are thrilled to be collaborating with TON and look forward to contributing to its community as we incorporate TON into our various products.”
Bit.com aspires to be the industry leader in cryptocurrency exchanges, with innovative financial products that offer flexibility and convenience to both Spot and Futures traders on its trading platform. Bit.com is the second-largest trading volume in the BTC and ETH options markets, and the addition of USDT margined futures would benefit both the platform and its users in the long run. Bit.com provides trading strategy execution, liquidity provision services, and price discovery while constantly driving the financial product innovation and listing selective tokens for its users.
Source: https://www.cryptonewsz.com/bit-com-is-introducing-usdt-margined-futures/