- Bitget launches pre-market trading with up to 125x leverage.
- Over 560 trading pairs, including BTC and ETH, available.
- Bitget bolsters competition with Binance, Bybit.
Bitget, a Seychelles-based cryptocurrency exchange, has introduced pre-market trading with leverage up to 125x on over 560 pairs, positioning itself competitively against market leaders Binance and Bybit.
Launching this feature could increase user retention and trading volumes by offering a leverage advantage before regular markets open, influencing how traders engage with asset volatility.
The Seychelles-based cryptocurrency exchange Bitget has launched pre-market trading with leverage, offering up to 125x leverage on more than 560 pairs. Positioned as a competitor to Binance and Bybit, Bitget aims to attract derivative traders.
Bitget, led by Managing Director Gracy Chen, is expanding its trading services. Pre-market access offers leverage, enhancing trading flexibility. The move aligns with Bitget’s strategy to provide institutional-grade infrastructure to institutional and retail traders alike. Gracy Chen stated, “Bitget gives traders 24/7 leverage edge with pre-market access…” source
Bitget’s new feature allows traders to act on market volatility before regular open hours, potentially increasing trading volumes during off-hours. This innovation could also improve user retention as traders seek a volatility edge on the exchange.
The feature’s introduction has financial implications, notably with Bitget’s $600 million insurance fund ensuring platform security. Despite the launch, U.S. users remain excluded, consistent with regulatory standards to maintain compliance with financial laws.
The cryptocurrency industry sees Bitget’s advancement as a major step. Increasing leverage options may influence market liquidity positively. As user engagement potentially grows, Bitget might attract advanced traders to its unique offering, amid current market conditions.
Experts note the potential for increased market volatility given Bitget’s high leverage offer. Historical trends of pre-market offerings suggest this move might mirror past successful launches, with significant user interest and liquidity influx, as seen with similar token debuts.
