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Bitget Adds U-Margined Perpetual Contracts for COMMON, ON, and CLANKER

Bitget introduces new crypto contracts with up to 50x leverage and a CandyBomb giveaway offering 5,555 COMMON per user until November 3.

Summary

Bitget announced the launch of U-margined perpetual contracts for COMMON, ON, and CLANKER, with leverage of up to 50x for COMMON and ON, and up to 20x for CLANKER. The platform is running a CandyBomb promotion that offers up to 5,555 COMMON tokens per user from a total pool of 1,111,111 COMMON. The campaign runs until November 3 at 21:00 UTC+8.

Terms & Concepts
  • U-Margined Perpetual Contract: A perpetual futures contract settled in USDT or other stablecoins rather than cryptocurrency, allowing traders to use stablecoins for margin and settlement.
  • Leverage: A trading mechanism that allows investors to open positions larger than their actual margin by borrowing additional capital from the exchange.
  • Perpetual Futures: Derivatives contracts without an expiry date that track the price of an underlying asset, enabling continuous trading and speculation.