Bitget Adds USDE as Margin Asset to Unified Trading Account

According to Bitget’s official announcement, PYUSD is now supported as a margin coin under its unified trading account and multi-asset mode for USDT-M Futures, effective August 22 (UTC+8).

USDE

Summary

Bitget officially announced the addition of PYUSD as a margin coin within its unified trading account and multi-asset mode for USDT-M Futures, effective August 22 (UTC+8). The exchange highlighted that this update enhances flexibility for traders using collateral across different products. Users were reminded of the inherent risks in cryptocurrency trading and advised to conduct their own research before investing.

Terms & Concepts
  • Unified Trading Account: A consolidated account structure offered by exchanges that allows users to manage spot, margin, and futures trading under a single account with flexible collateral usage.
  • Margin Asset: A cryptocurrency or token that can be used as collateral for margin trading, enabling traders to borrow funds and open leveraged positions.
  • PYUSD: PayPal USD, a U.S. dollar-backed stablecoin issued by Paxos, now added as an eligible margin coin on Bitget.