Bitget launches cross spot margin trading for PENGU/USDT

The exchange said users may receive spot leverage cut-rate coupons or trading bonuses through a new listing promotion tied to the PENGU/USDT rollout.

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Summary

Bitget has launched cross spot margin trading for PENGU/USDT, expanding the pair with a margin feature that lets users borrow funds for larger positions while sharing collateral and risk across supported assets in a cross margin account. The exchange said it will randomly distribute spot leverage cut-rate coupons or trading bonuses to users as part of a new listing promotion. The coupons can be used for low- or zero-interest leverage, while the trading bonuses can be applied directly in margin trades through Bitget’s Coupons Center. Bitget said cross margin can help users take larger long positions in bullish markets or larger short positions in bearish markets, and contrasted the mode with isolated margin, where only the base or quote asset of a trading pair can be used as collateral. The exchange also warned that, under cross margin, supported coins share risk collectively and users should monitor and manage their risk ratio. The announcement pointed users to a guide titled "Three steps to complete Bitget spot margin trading" and repeated a standard disclaimer that cryptocurrencies carry high market risk and volatility despite high growth potential, urging users to do their own research and invest at their own discretion. Bitget said it will not be liable for any investment losses.

Terms & Concepts
  • cross spot margin trading: A margin trading mode in which supported assets in an account can be used collectively as collateral across positions.
  • isolated margin: A margin mode that limits collateral and risk to a specific trading pair or position.
  • risk ratio: A measure traders monitor in margin accounts to track how close positions are to liquidation risk.