Bitget Lists SNOWUSDT Perpetual Futures With Up to 20x Leverage
According to Bitget, it has expanded its stock-linked derivatives lineup with QNTSTOCK Quantinuum IPO pre-market perpetual contracts and DELL stock contracts, both offering up to 20x leverage alongside its earlier SNOWUSDT product.
Bitget announced the launch of QNTSTOCK, identified as Quantinuum IPO pre-market perpetual contracts, and DELL stock contracts with up to 20x leverage, expanding its stock-linked derivatives offering beyond the previously announced SNOWUSDT perpetual futures pair. The latest Bitget release confirms the new listings and leverage cap but does not provide detailed contract specifications such as settlement asset, funding interval, tick size, or launch time. Earlier information on SNOWUSDT said that contract was USDT-settled, used a 0.01 tick size, supported up to 20x leverage, traded 24 hours a day, and applied funding fee settlement every eight hours. A Binance press release included in the older topic concerns a separate product, QNTXUSDT, a USDⓈ-M Pre-IPO perpetual tied to Quantinuum Inc., and does not materially update the Bitget SNOWUSDT/QNTSTOCK topic.
- IPO pre-market perpetual contracts: Perpetual derivative contracts tied to a stock around its initial public offering period, allowing leveraged trading without direct ownership of the underlying asset.
- Perpetual contracts: Derivative instruments with no expiration date that allow traders to maintain positions continuously, often with leverage and periodic funding mechanisms.
- Leverage: Borrowed exposure that lets traders control a larger position with less capital, increasing both potential gains and potential losses.