Back

Bitget Launches PENGUPERP Futures Trading with 50x Leverage

The introduction of SLPUSDT-M perpetual futures enhances trading options for users, featuring support for futures trading bots and adjustable parameters.

USDT

Summary

Bitget has launched SLPUSDT for futures trading, offering a maximum leverage of 25x and support for trading bots, effective July 23, 2025. The SLPUSDT-M perpetual futures are based on the SLP asset and settled in USDT, with a tick size of 0.000001 and funding fees settled every four hours. Trading is available 24/7, with parameters subject to adjustments based on market conditions.

Terms & Concepts
  • SLPUSDT: A new futures trading pair on Bitget, allowing users to trade SLP with USDT as the settlement currency.
  • Perpetual futures: A type of futures contract that does not have an expiration date, allowing for continuous trading.
  • Leverage: The use of borrowed capital to increase the potential return on investment, in this case, up to 25 times.