Bitget, a leading crypto derivatives and copy trading platform, has launched Liquid Staking Derivatives (LSDs) as a margin option for Bitget Coin-margined Futures. This makes Bitget the first centralized exchange to offer such products, which allow traders to earn staking rewards while using staked assets for trading.
What is Bitget Coin-margined Futures?
Bitget Coin-margined Futures is a unique product that supports multiple currencies as margin for various futures trading pairs. This provides traders with increased flexibility and diversification, and helps them manage risk more effectively.
The Benefits of Using LSDs as a Margin
LSDs offer a range of benefits for crypto traders. They provide a more efficient way to use staked assets for trading and can help increase the liquidity of staked assets. By earning staking rewards while providing liquidity for trading, LSDs can create a more vibrant trading ecosystem and potentially increase the overall value of staked assets. This can be particularly advantageous for traders looking to expand their trading strategies beyond holding or staking cryptocurrencies.
Bitget’s Commitment to Innovation
Bitget’s Managing Director, Gracy Chen, says, “With this latest addition, Bitget continues to solidify its position as the leading crypto derivatives trading platform with multiple innovative products. By offering LSDs as a margin option, we are giving our users greater flexibility and more diverse trading strategies, which we believe will drive further innovation and growth in the cryptocurrency derivatives market. We are proud to be the first exchange to offer this cutting-edge feature and are excited to continue leading the way in providing our users with the most advanced trading tools and options.”
Bitget has already launched the first USDT-margined and USDC-margined futures products in the industry, and according to Coingecko, is currently a top 5 futures trading platform supporting 170+ futures trading pairs.
About Bitget
Bitget is the world’s leading cryptocurrency exchange with futures trading and copy trading services as its key features. The exchange serves over 8 million users in more than 100 countries and regions and inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi, the leading Italian football team Juventus, and official eSports events organizer PGL. According to Coingecko, Bitget is currently a top 5 futures trading platform and a top 10 spot trading platform. For more information, visit the Bitget website.
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