Bitget Launches UAI and FOLKS USDT Perpetual Contracts with 50x Leverage
According to its official statement, Bitget has expanded its derivatives lineup by adding BEAT and BOT USDT-margined perpetual contracts, offering up to 25x leverage for BEAT and advanced automated trading options.
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Fact Check
The assessment is based on strong, consistent evidence from high-authority primary sources. A key official news release from Bitget's website directly and explicitly confirms every component of the statement: the launch of USDT-margined perpetual contracts for both UAI and FOLKS, and the specified maximum leverage of 50x. This central piece of evidence is corroborated by several other official Bitget announcements and news briefs that independently confirm the launch of these specific perpetual contracts. While some of these corroborating sources omit the detail about the 50x leverage, they do not contradict it. The absence of any conflicting information across all provided sources, combined with a direct and complete confirmation from the entity in question, makes the statement highly credible.
Summary
In an official announcement, Bitget confirmed the launch of USDT-margined perpetual contracts for BEAT token with leverage ranging from 1x to 25x, alongside opening contract trading for BOT. These new listings follow earlier introductions of UAI and FOLKS USDT-margined perpetuals offering up to 50x leverage. Bitget also rolled out trading bots to automate strategies for these contracts, underscoring the exchange’s focus on expanding its derivatives and leveraged trading capabilities.
Terms & Concepts
- Perpetual Contract: A type of futures contract without an expiration date, allowing traders to hold positions indefinitely.
- USDT: A stablecoin pegged to the U.S. dollar, commonly used as a trading pair in cryptocurrency markets.
- Leverage: A trading feature that allows exposure to a larger position size than the trader’s capital, potentially increasing profits or losses.