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Binance Futures Launches LABUSDT and RIVERUSDT Contracts with 50x Leverage

Binance Futures Launches LABUSDT and RIVERUSDT Contracts with 50x Leverage

According to Bitget’s official announcement, the exchange introduced LAB and RIVER USDT-margined perpetual contracts offering up to 50x leverage, alongside the activation of automated trading bots.

USDT

Summary

Bitget officially announced the introduction of USDT-margined perpetual contracts for LAB and RIVER, each supporting leverage of up to 50x. The exchange also launched trading bots compatible with these contracts, aiming to enhance automated trading efficiency and liquidity. This move expands Bitget’s derivatives offerings, providing users with new leveraged trading opportunities in the crypto market.

Terms & Concepts
  • USDT-Margined Perpetual Contract: A type of futures contract settled in USDT (Tether), allowing traders to hold leveraged positions without an expiration date.
  • 50x Leverage: A trading feature that enables users to control positions up to fifty times their margin, increasing both potential gains and risks.
  • Trading Bot: An automated system that executes buy and sell orders on behalf of users based on predefined strategies.