Bitget Becomes The First To Support Liquid Staking Derivatives As Collateral For Futures

PRESS RELEASE. Victoria, Seychelles, April 26th, 2023 — Bitget, apical crypto derivatives and transcript trading platform, has announced the summation of Liquid Staking Derivatives (LSDs) arsenic a borderline option for Bitget Coin-margined Futures, making it the archetypal centralized speech to supply specified products connected the market. This caller diagnostic volition let traders to proceed earning staking rewards portion besides utilizing their staked assets for trading purposes.

Bitget Coin-margined Futures is simply a unsocial merchandise designed for crypto-enthusiasts, supporting aggregate currencies arsenic a borderline for assorted futures trading pairs. With the instauration of LSDs arsenic collateral, traders tin present entree the liquidity of staked assets without having to unstake them. Currently, Bitget supports stETH arsenic collateral for the archetypal rollout, and plans to grow enactment for much assets for LSDs collateral successful the future.

Using LSDs arsenic a borderline offers a scope of benefits for cryptocurrency traders. It provides accrued flexibility and diversification, helping users negociate hazard much efficaciously and perchance offering a much businesslike mode to usage staked assets for trading. This tin beryllium peculiarly advantageous for traders looking to grow their trading strategies beyond holding oregon staking cryptocurrencies. Furthermore, utilizing LSDs arsenic a borderline tin assistance investors summation the liquidity of staked assets. By earning staking rewards portion providing liquidity for trading, LSDs tin make a much vibrant trading ecosystem and perchance summation the wide worth of staked assets.

“With this latest addition, Bitget continues to solidify its presumption arsenic the starring crypto derivatives trading level with aggregate innovative products. Traders tin present instrumentality vantage of this caller diagnostic by logging into their Bitget relationship and selecting LSDs arsenic a borderline option. By offering LSDs arsenic a borderline option, we are giving our users greater flexibility and much divers trading strategies, which we judge volition thrust further innovation and maturation successful the cryptocurrency derivatives market. We are arrogant to beryllium the archetypal speech to connection this cutting-edge diagnostic and are excited to proceed starring the mode successful providing our users with the astir precocious trading tools and options.“ said Gracy Chen, Managing Director of Bitget.

Bitget is simply a apical crypto derivatives exchange, which launched the archetypal USDT-margined futures and USDC-margined products successful the industry. According to Coingecko, Bitget is presently a apical 5 futures trading level supporting 170+ futures trading pairs.

About Bitget

Established successful 2018, Bitget is the world’s starring cryptocurrency speech with futures trading and transcript trading services arsenic its cardinal features. Serving implicit 8 cardinal users successful much than 100 countries and regions, the speech is committed to helping users commercialized smarter by providing a secure, one-stop trading solution. Bitget inspires individuals to clasp crypto done collaborations with credible partners, including legendary Argentinian footballer Lionel Messi, the starring Italian shot squad Juventus, and authoritative eSports events organizer PGL. According to Coingecko, Bitget is presently a apical 5 futures trading level and a apical 10 spot trading platform.

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