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Bybit Launches UBUSDT Perpetual Contract with Up to 25x Leverage

Bitget introduces UBUSDT for futures trading with a 50x leverage option and supports futures trading bots, further expanding its crypto derivatives offering.

USDT
USDC

Summary

Bitget has launched the UBUSDT futures contract with a maximum leverage of 50x, alongside support for futures trading bots. The contract will settle in USDT, with a tick size of 0.00001, and the trading time is available 24/7. The exchange will periodically adjust parameters like tick size, leverage, and maintenance margin rates depending on market conditions.

Terms & Concepts
  • Futures Trading: A type of financial contract obligating the buyer to purchase, or the seller to sell, an asset at a predetermined future date and price.
  • Leverage: A trading feature that allows investors to control a larger position using borrowed funds, increasing both potential gains and losses.
  • Funding Fee: A fee paid periodically by traders in futures markets to balance the price differences between the spot market and the futures market.