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Bitget Launches YB and CLO Perpetual Contracts with High Leverage Options

Bitget Launches YB and CLO Perpetual Contracts with High Leverage Options

Bitget introduces USDT-margined ZBT perpetual contracts with leverage from 1x to 20x and launches the CandyBomb event with up to 100,000 ZBT in rewards until October 24.

USDT

Fact Check
The statement is directly and strongly confirmed by the evidence. Sources 1 and 3, which are identical, explicitly state in Chinese that 'Bitget has launched U-margined YB and CLO perpetual contracts, with maximum leverage of 25x respectively.' This is corroborated by Source 4, from Bitget's official Facebook page, which mentions 'Bitget Futures CLO', and Source 6, a Bitget site, which mentions a promotion to 'Trade futures' for YB.
    Reference: 123
Summary

Bitget has officially launched USDT-margined ZBT perpetual contracts with leverage options ranging from 1x to 20x. Additionally, the exchange introduced a CandyBomb event offering up to 100,000 ZBT in rewards, running until October 24, 21:30 (UTC+8). Participants must sign up to join the event.

Terms & Concepts
  • USDT-Margined Futures: Futures contracts settled in Tether (USDT), allowing traders to use the stablecoin as collateral and settlement currency.
  • Perpetual Futures: A type of derivative contract without an expiration date, enabling continuous trading tied to the price of an underlying asset like ZBT.
  • Leverage: A financial mechanism that allows traders to amplify potential returns by borrowing funds, increasing exposure relative to their initial margin.