Vilnius, Lithuania, July 26, 2024, Chainwire

In July 2024, BTCC made a major transfer by introducing as much as 50x leverage on over 300 USDT margin buying and selling pairs. This follows the success of introducing 500x leverage on main buying and selling pairs equivalent to BTC, ETH, SOL and DOGE. BTCC determined to enhance the futures buying and selling expertise by rising the accessible leverage from 20x to 50x, setting a brand new customary within the crypto buying and selling world the place most exchanges solely provide merchants a most of 20x leverage.

For the reason that launch, roughly 25% of orders have been positioned with 50x leverage, indicating robust demand amongst merchants. The 300+ cryptocurrencies embrace lots of the cash at the moment available on the market, together with PEPE, SATS, WIF, SHIB, ZK, WLD, AVAX, TON, and extra.

Commenting on the launch, Alex, Head of Operations at BTCC, stated: “After we launched 500x leverage on main forex pairs in June, it was overwhelmingly nicely obtained. Since then, we've heard from customers asking for larger leverage on different altcoins, significantly meme cash. In response to this suggestions, we've determined to extend leverage to 50x throughout over 300 buying and selling pairs.”

The principle benefit of upper leverage is that it permits merchants to open massive market positions with a comparatively small quantity of capital, thereby considerably rising their potential income. This function is engaging to skilled merchants who can predict market actions. Nevertheless, merchants should pay attention to the dangers concerned, and the stop-loss function is a crucial device to assist them successfully handle these dangers.

About BTCC Alternate

BTCC was based in 2011 and is likely one of the longest-standing and most respected cryptocurrency exchanges on the planet. Recognized for its strong safety measures and user-friendly platform, BTCC presents a variety of options for inexperienced persons and skilled merchants alike, together with spot buying and selling, futures buying and selling and duplicate buying and selling.

Web site: https://www.btcc.com

X: https://x.com/BTCCexchange

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This text was first printed on Chainwire