Crypto Loan (LOAN) news

Leveraging Bitget Crypto Loans To Profit Across CEXs, DEXs, And DeFi

In this article, we’ll explore how Bitget Crypto Loans can be utilised to maximise your profits through cross-platform arbitrage. By borrowing funds against your existing crypto assets, you can unlock liquidity to take advantage of price discrepancies across various exchanges and platforms to exploit profit opportunities without the need to liquidate your holdings. What Is Bitget Crypto Loans? Bitget Crypto Loans is a flexible borrowing service that enables users to leverage their existing crypto assets as collateral to access additional capital. This service is particularly beneficial for traders who seek to unlock liquidity for immediate opportunities while maintaining their primary holdings. Bitget supports a wide range of collateral options, including BTC, ETH, USDT, BGB, and many more, so that traders can effectively diversify their borrowing strategies across different assets. A new feature of Bitget Crypto Loans is the Flexible loan terms, which allow for adaptable borrowing durations at competitive rates. Flexible loans are especially suited for short-term strategies like arbitrage, as they enable traders to access capital at minimal borrowing costs. With Bitget’s continual expansion of collateral options, traders have more choices to support dynamic trading strategies across platforms. What Is Cross-Platform Arbitrage? Cross-platform arbitrage is a trading strategy that involves profiting from price discrepancies for the same asset across different platforms. These price gaps can be attributed to factors like differences in liquidity, trading volume, or regional demand. By quickly purchasing an asset where it’s priced lower and selling it on a platform where it’s valued higher, traders can lock in consistent returns. Arbitrage opportunities can exist in various forms: ● CEX to CEX: This strategy leverages price discrepancies between centralised exchanges. For example, if BTC is trading higher on Bitget and lower on another exchange, traders can buy BTC on that exchange and sell it on Bitget for a profit. Executing such trades swiftly is essential to secure gains before the market adjusts. ● CEX to DEX: This approach capitalises on price differences between centralised exchanges and decentralised exchanges (DEXs) like Jupiter (Solana). DEXs can sometimes exhibit distinct asset prices due to unique liquidity constraints or lower trading volumes. By monitoring these platforms, traders can buy assets on Bitget and sell them at higher prices on DEXs, or vice versa, depending on where the price advantage lies. ● CEX to DeFi Protocols: With this strategy, traders extend arbitrage to DeFi protocols, where they can provide liquidity or stake tokens in DeFi pools such as Uniswap (Ethereum). Price discrepancies between Bitget and DeFi protocols can allow traders to buy low on one platform and utilise the asset in yield-generating DeFi strategies on another. Not only does this capture price gaps, but it also provides access to additional income streams through staking and liquidity rewards. However, this strategy often requires more complex analysis, as DeFi pools fluctuate based on the actions of liquidity providers and automated market makers. By combining these methods and tracking real-time prices across centralised and decentralised platforms, traders can build a diversified strategy for cross-platform arbitrage. How To Use Bitget Crypto Loans For Cross-Platform Arbitrage Here's how you can leverage Bitget Crypto Loans to fully capitalise on cross-platform arbitrage opportunities and maximise your profits: 1. Identify arbitrage opportunities across crypto platforms: Arbitrage opportunities can present themselves through price discrepancies between Bitget and other exchanges or DeFi protocols. To succeed in cross-platform arbitrage, you need a systematic approach to identify and act on profitable opportunities. Here are some tips to help you spot these opportunities: ● Monitor volatility: Price differences are more likely during periods of high volatility when some exchanges adjust prices faster than others. This can occur when sudden news impacts market sentiment. ● Use real-time data: Services like CoinMarketCap, CoinGecko, and trading view apps can track real-time prices across exchanges to help you spot discrepancies. Some platforms even offer specific arbitrage alerts. ● Look for liquidity imbalances: Exchanges with differing levels of liquidity can display different prices. For instance, smaller exchanges with lower trading volumes may not keep up with rapid price changes on larger exchanges. You should also explore DEX aggregators and frequent decentralised finance platforms to spot liquidity gaps or slippage-driven price differences. ● Check new listings: Price discrepancies are common when assets are newly listed. New tokens might see initial price hikes or drops on different exchanges as liquidity adjusts and early trading volumes spike. ● Set alerts: Use price tracking or trading tools that allow you to set alerts when specific price differences are detected between exchanges like Bitget and other CEXs, DEXs, or DeFi protocols. This can be particularly useful for frequent arbitrage traders looking to automate their strategies. 2. Borrow funds using Bitget Crypto Loans: Once you’ve pinpointed an arbitrage opportunity, use Bitget Crypto Loans to borrow capital by collateralising assets like BTC, ETH, or USDT. If you are a BGB holder, of course, you can use BGB as collateral to borrow USDT and other assets based on your needs. We recommend Flexible loan rates as they are often favourable for short-term trades. Our Flexible loan rates allow you to borrow at minimal cost to preserve more of your arbitrage gains. With low interest rates and a wide range of collateral options, Bitget Crypto Loans allows you to acquire liquidity quickly and execute arbitrage trades without liquidating core holdings. 3. Execute the cross-platform arbitrage trade: With the borrowed funds in hand, execute your trade based on the identified price gap as fast as possible to avoid unfavourable price changes. By completing the transaction quickly, you lock in the gains from the price gap while minimising exposure to potential market changes. 4. Repay the loan and keep the profits: After completing the arbitrage trade, repay the Bitget Crypto Loan along with any accrued interest. The remaining balance is your profit. With Flexible loan rates, the interest cost remains manageable, hence you are most likely to retain most of the arbitrage gains. Why This Strategy Works ● Instant liquidity: Bitget Crypto Loans provide near-instantaneous access to capital and it is crucial for executing arbitrage trades swiftly. The speed of borrowing allows you to capitalise on brief market discrepancies before prices realign. ● Customisable loan terms: Bitget offers flexible loan structures that let traders select between variable and fixed rates. Whether targeting short-term trades with flexible loans or planning longer arbitrage holds with fixed-rate loans, the variety of options ensures borrowing costs are optimised for each strategy. You can also customise your loan term further with our Premier loan terms. ● Leverage without sell-off: Bitget Crypto Loans enable you to unlock liquidity by borrowing against your crypto holdings instead of selling them. This way, you benefit from price arbitrage while keeping your primary assets untouched. ● Flash sale interest rates: Bitget often features flash sale interest rates on certain coins to allow traders to borrow at discounted rates. By further lowering borrowing costs, these promotions increase the profitability of short-term arbitrage strategies (sometimes by 2X or more) and amplify the margin between buy and sell prices. ● A wide array of borrowable assets: Bitget’s comprehensive list of collateral options means you can adapt to various market conditions and exploit arbitrage opportunities across different assets. As new tokens are added, traders can continue exploring profitable cross-platform trades. Example: Cross-Platform Arbitrage in Action Suppose you observe that BTC is trading at $64,300 on Bitget and $63,200 on Exchange A. You use 10,000 BGB as collateral to borrow 8,325 USDT and complete the following steps: (1) Purchase BTC on Exchange A at $63,200 using the borrowed USDT.(2) Transfer the BTC to Bitget and sell it at $64,300.(3) This trade yields a profit of $144.90. With the current flexible APR of 7.84%, the cost of borrowing for this trade duration is around $0.05 for a 40-minute execution time, and that's already included time for delays and orders to be filled. Even after subtracting the execution costs on both exchanges, that's still some nice and easy profit for the day. Conclusion Bitget Crypto Loans open up diverse opportunities for traders to profit from cross-platform arbitrage. By leveraging flexible borrowing terms, instant access to liquidity, and a vast selection of collateral options, you can capture price discrepancies on Bitget and other platforms with confidence. Bitget Crypto Loans present a robust tool for cross-platform arbitrage - because Bitget supports the continual growth of your portfolio as well as your long-term wealth accumulation. Disclaimer: Please be informed that all the interest rates and information contained in the illustrations within this article are for illustrative purposes only and are not to be taken as actual representations. To access the most current and accurate details regarding interest rates and other information, kindly visit the official Bitget homepage. The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Today's X Empire Riddle of the Day & Rebus of the Day for September 26-27, 2024

Today's X Empire Riddle of the Day and Rebus of the Day for September 26, 2024, are here! Jump in, solve the puzzles, and earn extra rewards to boost your progress in the game. Don't miss out on these fun challenges that can help you rack up in-game earnings quickly! Sign Up With Bitget Today and Claim Your $200 Welcome Gift! Key Takeaways Riddle of the Day Answer for September 26-27, 2024 is “Yield" Rebus of the Day Answer for September 26-27, 2024 is “Investment” To participate in the X Empire airdrop, connect your TON wallet, actively engage in the game, invite friends, and complete in-game tasks to maximize your rewards. Daily challenges in X Empire, including investment combo, riddle, rebus, and YouTube codes, allow players to boost earnings and enhance gameplay. X Empire Riddle of the Day Answer for September 26-27, 2024 Today's X Empire "Riddle of the Day" is: "The reward you gain for your crypto loan, watch your profits steadily grow. What am I?" The correct answer is "Yield." To solve it, tap the "Quests" button at the bottom of your screen, enter the answer, and claim your free in-game cash reward. X Empire Rebus of the Day Solution for September 26-27, 2024 Today's X Empire "Rebus of the Day" answer is "Investment." To solve it, go to the "Quests" section, enter the correct answer, and earn extra in-game cash rewards. How to Participate in the X Empire Airdrop and Maximize Your Rewards To participate in the X Empire airdrop, which is planned for late September to early October 2024, you can follow these steps: Join the X Empire Game: Access the game through its official Telegram channel and activate the bot to begin playing and earning rewards. Connect a TON Wallet: Ensure that you have connected your TON wallet in the "Airdrop" section of the game. This is essential for receiving the X tokens when the airdrop is distributed. Increase Activity: Actively participate in the game by enhancing your character, upgrading office assets, and increasing your profit-per-hour (PPH). Your activity level directly impacts the amount of tokens you will receive. Invite Friends: Bringing new users to the game can increase your airdrop rewards. The more friends you refer, the higher your allocation of X tokens. Complete In-Game Tasks: Take advantage of daily tasks like solving riddles and using combo codes to boost your earnings. Completing these tasks will help you maximize your share of the airdrop. By staying active and engaged in the game and ensuring your wallet is connected, you will be in a strong position to benefit from the X Empire airdrop. Everything You Need to Know About Daily Challenges in X Empire In X Empire, daily challenges are integral to enhancing player engagement and maximizing rewards. These challenges typically consist of: Daily Combo: Players are tasked with selecting the correct combination of three investment cards. This combination is refreshed daily, and successful choices boost in-game earnings and progress. Riddle of the Day: Each day, a new riddle is presented to players. Solving it correctly rewards players with additional tokens or bonuses. Rebus of the Day: Players are given a visual or word-based puzzle (rebus) to solve, and the correct solution provides extra in-game rewards. YouTube Codes: X Empire also offers hidden codes in its YouTube videos. Players can input these codes in the game to gain extra rewards. By completing these daily challenges, players can enhance their in-game performance, increase their profit-per-hour, and accumulate more rewards, making the gameplay more dynamic and rewarding.

Strategic Arbitrage Using Bitget Crypto Loans: How To Maximise Your Bitget PoolX Locking

In this second article of our series, we will explore a smart strategy to maximise your returns using Bitget Crypto Loans in combination with Bitget PoolX. By borrowing assets via Bitget Crypto Loans, you can increase the liquidity you commit to PoolX locking pools for enhanced investment potential without having to convert back and forth between your available assets and the required assets. What Is Bitget Crypto Loans? Bitget Crypto Loans is a user-friendly borrowing platform that allows traders to unlock additional capital without having to liquidate their cryptocurrency assets. It’s designed to help users improve their liquidity, participate in market opportunities, and diversify their portfolios. With Bitget Crypto Loans, traders can keep their assets secure and, simultaneously, take advantage of the borrowed funds for investments or trading in emerging markets. The platform offers a variety of loan products to suit different financial strategies: a Flexible Loan with floating interest rates, a 7-Day Fixed Rate Loan for shorter-term plans, a 30-Day Fixed Rate Loan for longer borrowing periods, and a Key Account Loan for custom loan solutions. This flexibility ensures that traders can manage their borrowing efficiently while maintaining their original collateral. To access Bitget Crypto Loans directly from your mobile devices, please check our latest guide here: Bitget Earn Guide (2024 APP Version) What Is Bitget PoolX? Bitget PoolX offers an excellent locking platform where users can continuously generate passive income by locking their crypto assets or providing liquidity. With the flexibility to lock across different pools, users can earn rewards such as locking bonuses, governance tokens, or interest, depending on their chosen pool. Bitget PoolX’s diverse and ever-evolving range of locking options ensures that users can benefit from opportunities throughout the year and adapt to market conditions without interrupting their main portfolio. This makes Bitget PoolX an optimal solution for short-term gains, long-term passive income, and consistent reward generation. Its integration with Bitget’s wider ecosystem, including crypto loans, enhances liquidity options and boosts locking potential. How To Use Bitget Crypto Loan For Bitget PoolX Arbitrage You can use Bitget Crypto Loans to borrow additional assets, which can then be locked in Bitget PoolX. The goal is to maximise your returns by locking more than you otherwise could with borrowed funds as additional liquidity. Borrow assets using Bitget Crypto Loans: 1. Start by collateralising your existing crypto assets like Bitcoin to borrow additional funds via Bitget Crypto Loans. With these loans, you can unlock extra liquidity in not only stablecoins but also other crypto, such as Ethểum, which you can then deploy for locking on Bitget PoolX. Lock borrowed funds into Bitget PoolX: 2. Once you've secured your borrowed assets, lock them in Bitget PoolX to earn passive income. PoolX offers a variety of locking pools, each with different returns, so you can select the option that best suits your risk tolerance and expected reward. The borrowed funds allow you to increase your locked assets beyond what you could originally invest, amplifying your potential rewards and bonuses. Earn locking rewards: 3. As your assets are locked, you start to earn rewards in the form of interest, governance tokens, or other locking bonuses, depending on the pool you choose. The rewards you earn accumulate over the locking period, increasing your returns thanks to the additional liquidity provided by your loan. Repay the loan and keep the profits: 4. After receiving your locking rewards, use a portion of the rewards to repay your Bitget Crypto Loan, including the interest accrued. The remainder of the locking rewards is yours to keep as profit, while your original collateral remains intact. By strategically borrowing and locking, you maximise your passive income without needing to liquidate your assets. Why This Strategy Works Optimised capital usage: By leveraging Bitget Crypto Loans, users can boost their liquidity and increase their locking capacity in PoolX without the need to sell their core assets. This allows traders to borrow extra funds while keeping assets like BTC or ETH intact. The borrowed crypto is then locked in PoolX, where it earns additional returns through locking rewards and airdrops. For investors who wish to boost their potential returns without selling their core portfolio, this strategy offers a smart way to optimise locking returns. Customisable loan options: Bitget offers a range of borrowing terms that allow users to structure their loans in line with their locking or investment strategy. With a Flexible Loan, users enjoy the benefit of variable interest rates, while the 7-day and 30-day fixed rate loans allow for more predictable borrowing costs. These different loan types can be tailored to match the duration of locking periods in PoolX, offering strategic options for both short- and long-term locking. For larger or institutional investors, the Key Account Loan option allows for more customisable loan terms, making it easier to take advantage of substantial locking opportunities. Key Account Loan flexibility: For significant traders or institutions, the Key Account Loan offers bespoke solutions tailored to their specific requirements. High-net-worth traders can access exclusive terms with more flexible collateral and borrowing limits, allowing them to capitalise on the most lucrative PoolX locking options. The customisation of this loan product ensures that large-scale investors can engage in locking with personalised financial support, without the restrictions of standard loan structures. Effortless locking engagement: With Bitget Crypto Loans, expanding your locking capacity in PoolX becomes effortless. Borrowed assets are quickly accessible and can be locked in any PoolX pool offering lucrative returns. Whether you're locking ETH or other cryptocurrencies for airdrop rewards or annual returns, PoolX allows for consistent passive income generation, which complements your overall portfolio growth. Using the borrowed assets to lock provides an additional income stream while maintaining ownership of your primary holdings. Risk minimisation: One of the key advantages of this strategy is risk management. By borrowing against your BTC or other collateral, you can participate in locking without being forced to liquidate your assets. Even in volatile markets, your original holdings remain safe, allowing you to earn locking rewards with minimal risk. Additionally, Bitget’s loans come with relatively low interest rates, ensuring that even modest locking returns can cover the cost of borrowing and leave room for profit. Example: PoolX Arbitrage Let’s assume you own 0.013 BTC (approximately $750) and want to increase your locking power in the ETH Pool on Bitget PoolX. You decide to use 0.013 BTC as collateral to borrow 0.208 ETH (because of the overcollateralisation strategy, i.e. the collaterals must be of higher value than the amount to be borrowed just in case of extreme volatility). (1) Loan details: You choose a 7-day fixed rate loan with an interest rate of 0.000352% per hour (equivalent to 3.08% annualised) since the Bitget PoolX event for GDV lasts 7 days. Interest per hour: 0.208 ETH × 0.000352% = 0.00000074 ETH. Total interest after 7 days: 0.00000074 ETH x 24 hours/day × 7 days = 0.00012432 ETH. Your total repayment: 0.20812432 ETH. (2) Locking in Bitget PoolX: With the borrowed 0.208 ETH, you lock it in the ETH Pool on PoolX, which offers rewards in GDV tokens. The total GDV airdrop for this pool is 281,250,000 GDV. Assuming the total ETH locked by all participants is the maximum of 15 ETH, you can calculate your GDV rewards as follows: Your share of GDV tokens: (0.208 ETH / 15 ETH) × 281,250,000 GDV = 3,900,000 GDV tokens. (3) Profit calculation: After repaying your loan, you are left with approximately 3,900,000 GDV tokens, which you can hold for further appreciation or sell for profit. Through this strategy, you leverage your existing BTC to increase your locking potential on Bitget PoolX and have thus generated significant passive income through airdropped GDV tokens. Don't forget that your collateral is automatically subscribed to Bitget Savings once the loan is activated, which provides an additional source of income that could offset the loan costs and even help you grow your assets without lifting a finger. Conclusion Using Bitget Crypto Loans for Bitget PoolX arbitrage is an effective strategy to increase locking power and generate passive income without the need to sell off your existing assets. By borrowing additional funds, locking in high-reward pools on Bitget PoolX, and receiving high-potential token airdrops, you can boost your returns while keeping your initial holdings intact. Bitget’s flexible loan terms, coupled with the continuous locking opportunities on Bitget PoolX, allow traders to optimise their capital utilisation and strengthen their wealth-building strategies effectively. Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Strategic Arbitrage Using Bitget Crypto Loans: How To Optimise Bitget Launchpad Investments

In this first article of our series on utilising Bitget Crypto Loans for arbitrage, we’ll explore how you can leverage Bitget Crypto Loans to participate in Bitget Launchpad - a platform with early access to new token launches. By borrowing funds through Bitget Crypto Loans, you can maximise your participation in these early-stage token offerings and capitalise on potential price gains. What Is Bitget Crypto Loans? Bitget Crypto Loans is designed to grant users access to additional funds without selling off their holdings. This solution is ideal for traders looking to increase liquidity and seize new opportunities, whether it’s for participating in token sales, trading in volatile markets, or diversifying investments. With Bitget Crypto Loans, users can maintain ownership of their assets while unlocking capital to explore other ventures. To cater to varying financial needs, Bitget offers multiple loan options: a Flexible Loan with floating interest rates, a 7-Day Fixed Rate Loan for short-term strategies, a 30-Day Fixed Rate Loan for longer-term borrowing, and a Key Account Loan with tailored terms and assets. These different structures ensure that traders can manage their borrowing needs efficiently with their original collateral intact for an efficient method to amplify trading potential. To access Bitget Crypto Loans directly from your mobile devices, please check our latest guide here: Bitget Earn Guide (2024 APP Version) What Is Bitget Launchpad? Bitget Launchpad is a platform that introduces new cryptocurrency projects to the market through Initial Exchange Offerings (IEOs). By participating in these token sales, investors have the unique opportunity to acquire new tokens at early-bird prices before they become publicly available for broader markets. This early access allows users to position themselves ahead of potential price surges, which often occur post-launch as demand for the token increases. Bitget carefully selects projects for our Launchpad to make sure that they have been thoroughly vetted for quality and growth potential and reduce the risk typically associated with new ventures. Additionally, the platform is designed to provide seamless integration with other Bitget features such as Bitget Crypto Loans to enable traders to leverage their existing assets to maximise participation and profits. In essence, users can use Bitget Launchpad as a smart entry point into early-stage investments within the growing digital asset landscape. How To Use Bitget Crypto Loans For Launchpad Arbitrage Here's how you can use Bitget Crypto Loans to maximise your profits through Bitget Launchpad: Borrow assets using Bitget Crypto Loans: 1. Collateralise your existing assets to unlock additional funds via Bitget Crypto Loans. For instance, if you hold Bitcoin or Ethereum, you can use these as collateral to borrow USDT, which is often required for participating in Bitget Launchpad. Participate in Bitget Launchpad: 2. With the borrowed funds, join upcoming token sales on Bitget Launchpad. These tokens are typically offered at discounted rates, meaning exclusive opportunities for you to purchase them at a lower price before they become available for public trading. Sell tokens to lock in profits: 3. Once the tokens are listed on the market and appreciate in value, you can sell them at a higher price. This price difference between the pre-sale purchase and post-listing price forms the core of your arbitrage strategy. Repay the loan and keep the profits: 4. After selling the tokens at a higher price, use a portion of the proceeds to repay your Bitget Crypto Loan, including any interest accrued. The remaining profit is yours to keep, while your original collateral remains intact and potentially continues to appreciate. Why This Strategy Works ● Efficient capital utilisation: By borrowing through Bitget Crypto Loans, you can participate in lucrative Bitget Launchpad projects without having to sell your existing assets. This guarantees the intactness of your portfolio while you're in the process of expanding your market exposure. ● Tailored loan options: The range of loan terms, from flexible to fixed rates, allows you to customise your borrowing strategy based on your investment timeline and risk appetite. Shorter loans, such as the 7-day or 30-day fixed rates, are ideal for swift arbitrage strategies, and flexible loans are suitable when you need greater adaptability. ● Key Account Loan flexibility: For larger investors or institutions, the Key Account Loan provides bespoke options tailored to specific coin types and loan terms. This allows high-net-worth individuals or corporate traders to access more personalised borrowing arrangements to participate in Bitget Launchpad events and other high-potential opportunities with terms that fit their unique financial needs. ● Seamless participation in token sales: Bitget Launchpad offerings are typically made at discounted rates, which translates to opportunities to purchase tokens at extremely advantageous prices. As these tokens often rise in value post-launch, the appreciation forms the foundation for significant profit potential. ● Minimising risk: By repaying the loan from the profits generated through token sales, you minimise the risk involved in this strategy, as your original collateral is untouched. It’s a balanced approach that allows you to leverage market opportunities without overexposing yourself. Example: Launchpad Arbitrage Let’s assume you own 0.013 BTC (around 740 USDT) and wish to participate in an upcoming token sale event on Bitget Launchpad. You use your 0.013 BTC as collateral to borrow 500 USDT (because of the overcollateralisation strategy, i.e. the collaterals must be of higher value than the amount to be borrowed just in case of extreme volatility). (1) Loan details: You borrow 500 USDT for 7 days with an interest rate of 0.001051% per hour, which is equivalent to an annualised rate of 9.2%. For a 7-day loan, the interest is calculated as follows:Interest per hour: 500 USDT × 0.001051% = 0.005255 USDT per hour. Interest for 7 days: 0.005255 USDT × 24 hours/day × 7 days = 0.88 USDT after 7 days. Thus, the total interest cost for the loan over 7 days will be only 0.88 USDT, bringing your total repayment amount to 500.88 USDT. (2) Participating in Bitget Launchpad: You then use the borrowed 500 USDT to purchase new tokens via the Bitget Launchpad at a price of $0.10 per token, which means you acquire 5,000 tokens. (3) Profit scenario and calculating your profit: A few days later, the token lists on the open market, and its price rises to $0.15 per token, representing a 50% increase (which is just a floor increase for our launchpad events). You sell your 5,000 tokens at this new price and make 750 USDT in total (5,000 × $0.15 = 750 USDT). After repaying your loan of 500.88 USDT, you are left with a net profit of 249.12 USDT (750 USDT - 500.88 USDT), or approximately 49.82% ROI. Meanwhile, your original 0.013 BTC collateral remains untouched and might have continued to appreciate in value alongside any market movements in Bitcoin during the launchpad event. That leaves you with the staple, long-term holding asset Bitcoin and an extra of ~250 USDT or 1.3 times your account balance after a week only. And we're only discussing a modest token value increase - there's no limit to the actual ROI you can yield if you execute this strategy efficiently. Conclusion Using Bitget Crypto Loans for Launchpad arbitrage is a powerful strategy to leverage early-stage token offerings for potential profits. By borrowing funds, participating in token sales, and selling them at higher prices, you can generate significant returns without liquidating your existing portfolio. Bitget’s flexible loan options, combined with the unique opportunities provided by Bitget Launchpad, empower traders to enhance their wealth creation strategies in a smart, calculated manner.

Glossary for Bitget USDT-M Futures in Multi-Asset Mode

As mentioned in the previous article, Bitget's latest USDT-m futures multi-asset mode offers users extensive trading options. Although the underlying logic is straightforward, certain specific terms and calculation rules in the USDT-M Futures multi-asset mode differ from those in the single-asset mode. This article will enlighten you on those terms. Account Assets Account assets refer to the assets of a specific currency in the U-based futures account, excluding unrealized profits and losses. In other words, these account assets here represent the remaining balance of the coin in multi-asset mode. Multi-asset margin In Bitget USDT-M Futures multi-asset mode, coins are used as margin with an applied haircut rate. The sum of the converted margins from various currencies forms the multi-asset margin. Multi-asset margin = Sum of margin amounts (equity of a coin × corresponding haircut rate) of all coins. The equity of a coin = the account asset value of the coin in USDT + unrealized PnL. In general, multi-asset margin = Coin A x index price x corresponding haircut + coin B x index price x corresponding haircut + ... + coin N x index price x corresponding haircut. Assume that a user holds 0.1 BTC and 1,000 USDT, and the BTC index price is at 20,000 USDT. The equity of BTC assets will be 0.1 × 20,000 USDT + unrealized PnL of 2000 USDT + unrealized PnL. As the unrealized PnL of USDT-M Futures is calculated in USDT, the unrealized PnL of BTC is zero. Therefore, the BTC equity = 0.1 × 20,000 USDT + 0 = 2,000 USDT. The haircut rate (discount rate) for BTC is as shown in the table below: Since the BTC equity is 2,000 USDT, the corresponding haircut rate will be 0.975 (USDT equity remains unchanged). The final multi-asset margin = BTC equity (2,000 USDT) × BTC haircut rate (0.975) + USDT equity (1,000 USDT) = 1,950 + 1,000 = 2,950 USDT. Available Margin Each coin has its own available margin. Available Margin = Assets – Frozen amount – Position margin + Unrealized PnL of the coin (in cross-margin mode) For instance, if the user has 0.1 BTC with an index price of 20,000 and a haircut rate of 0.975, and the USDT account has 1,000 USDT with unrealized profits of 200 USDT and a position margin (the assets used as margin for all related positions) of 500 USDT. As such, the available margin for BTC is 0.1 × 20,000 × 0.975 = 1,950 USDT. Since USDT-M Futures uses USDT as the settlement currency, there are no PnL or frozen assets in BTC. The available margin for USDT = 1,000 + 200 – 500 = 700 USDT. Available Available assets that can be used as a margin to open a position. Available = Sum of available margin for all coins – Initial margin of the debt. The initial margin of the debt = absolute value of the debt × initial margin rate of the debt (10%) (*future updates will be announced in advance). Under the multi-asset mode, debts arise when the assets of a coin are negative. Debt = min(0, coin value); coin value = account assets + unrealized PnL. (Note: Only USDT will generate debts in USDT-M Futures multi-asset mode.) Generally, users only need to check if there are any debts to determine the available margin to open positions. In the USDT-M Futures in multi-asset mode, all profits, transaction fees, and funding fees are settled in USDT, so USDT debts will be generated when USDT assets are insufficient. If there is a USDT debt of 100 USDT, the initial margin of the debt is 100 x 10% = 10 USDT. Additionally, if there are debts, a certain amount of interest will be charged. Interest amount = Debt amount - Interest-free amount. The interest-free amount is for unrealized losses. The interest calculation rules differ from spot margin trading and Crypto Loan. We will carry out hourly scans and charge interest if there is any debt. The interest charges can be viewed in the transaction history. It’s important to note that to better control risk, there is a maximum limit on user debts. Once this limit is exceeded, automatic conversion and repayment will be triggered. The current limit is 600,000 USDT. You will receive an early warning if the debt is too high. Maintenance margin Maintenance margin A = position value of cross-margin trading pairs A x corresponding MMR (maintenance margin rate) + position value of cross-margin trading pair B x corresponding MMR + ... + position value of cross-margin trading pair N x corresponding MMR. Maintenance margin B = maintenance margin of the debt. Total maintenance margin = max (maintenance margin A, maintenance margin B). Maintenance margin of the debt = the absolute value of the debt × the MMR of the debt (5%). The calculation for maintenance margin A is the same as the calculation for classic USDT-M Futures. Maintenance margin rate = maintenance margin ÷ multi-asset margin. Haircut rate (Discount rate) This refers to the rate at which the margin currency is converted into USDT margin. For example, if the haircut rate of a coin is 0.9, the margin calculated in USDT of the coin is 0.9 x coin quantity x index price. Haircut rates for coins are tiered and can be viewed on the futures details page. Conversion rate To reduce the risks involved in trading, the multi-asset mode converts non-USDT coins into USDT for quicker and more cost-efficient conversions. A conversion rate will be applied during the conversion. The converted amount = Coin quantity × index price × conversion rate. The conversion rate is tiered, and the larger the conversion amount, the better the conversion rate. There are three scenarios for conversion: 1. When switching from the multi-asset mode to the single-asset mode, if USDT assets are insufficient, other coins in the USDT-M futures account can be converted to USDT. 2. When debts exceed the individual debt limit, the system will trigger risk control and automatically repay the debts through conversion. 3. When the account is at risk of liquidation or liquidation, the system will convert available assets to repay the debt. Debt Repayment There are three scenarios for repayment: 1. Voluntary repayment (by the user) with the 'Repay' button when there are debts (through conversion or transfer). 2. Automatic repayment is triggered when the debt limit is reached. 3. Automatic repayment at the risk of liquidation. Trading bonuses Bitget’s USDT-M Futures in multi-asset mode has been adjusted to support trading bonuses, ensuring that users can continue to use their trading bonuses normally when switching from single-asset mode to multi-asset mode. 1. Update on loss offset with trading bonuses Previous: USDT equity at the time of closing the position ＜ initial USDT balance + accumulated USDT deposits + remaining trading bonuses. Updated: USDT equity at the time of closing the position ＜ initial USDT balance + accumulated USDT deposits + remaining trading bonuses + USDT amount converted from other coins. Initial USDT balance refers to the net assets at the time the trading bonuses are credited. USDT amount converted from other coins refers to the amount of non-USDT margin coins converted to USDT in the multi-asset mode. 2. Any outbound transfer of supported margin coins will invalidate the trading bonuses. 3. USDT inbound transfer or conversion in the USDT-M Futures in multi-asset mode will change the initial equity. Initial equity = initial USDT balance + accumulated USDT deposits + remaining trading bonuses + USDT amount converted from other coins.

Crypto Without Limits: Your Ultimate Guide to Bitget's Flexible Loans

In 2024, Bitget has launched the groundbreaking Bitget Crypto Loans. This innovative service allows you to leverage your cryptocurrency assets as collateral to borrow other cryptocurrencies. It is designed to help you strengthen and expand your investment portfolios, aligning perfectly with the rapidly changing market dynamics. In response to growing demand, Bitget has further refined the loan service by introducing a new option: Flexible Crypto Loans. What sets Bitget’s Flexible Crypto Loans apart is the adaptability—offering flexible repayment options, dynamic interest rates, and the ability to generate income from collateral. This means you can maximize liquidity and capitalize on market opportunities like never before. Go to Bitget Flexible Loans! What Sets Fixed and Flexible Loans Apart? Shared Features: 1. Hourly Interest: Both loan types calculate interest hourly, allowing for precise tracking of your borrowing costs. 2. Flexible Repayment: You can repay your loan at any time without incurring penalties, giving you control over your finances. 3. Collateral Adjustment: Adjust your loan’s collateral ratio by adding or withdrawing collateral to suit your needs. 4. Versatile Repayment Options: Both options support repayment using either the borrowed currency or the collateral. Key Differences: 1. Maturity Date: - Fixed Loan: Comes with a set maturity date. While the loan won’t be forcefully liquidated after maturity, you'll need to pay interest at a rate of 200% per hour as a late fee. - Flexible Loan: Has no maturity date, and there are no late fees. 2. Interest Rate: - Fixed Loan: The interest rate is locked in when the loan is created, providing certainty. - Flexible Loan: The rate fluctuates based on the market’s demand and supply for the borrowed currency, with updates every hour to reflect current conditions. 3. Collateral Management: - Fixed Loan: The collateral is stored in a dedicated account, doesn’t count towards your assets, and doesn’t generate income. - Flexible Loan: The collateral is also stored separately, but the system automatically subscribes to Bitget earnings on your behalf, generating additional income for you. How to Get Started with Bitget's Flexible Loan 1. Borrowing Crypto Step 1: Head to the Bitget homepage, click on Earn in the navigation bar, and then select Crypto Loans. Step 2: Choose the cryptocurrency you wish to borrow, click on Borrow next to it, and then select the Flexible loan from the 'Loan term' menu. Enter the amount of cryptocurrency you want to borrow and the collateral you’ll provide. You'll instantly see the annualized interest rate and estimated hourly interest. Once everything looks good, click Confirm to complete the process. Notes: 1. Each loan will form a separate, independent order. For example, if you borrow USDT with BTC as collateral at one time and do the same action an hour later, two separate orders will be created, and they will not be merged. 2. You can have up to 10 active flexible loan orders at any time in one account. 3. Ensure you have enough collateral available in your spot account before borrowing. 4. The system checks your spot account’s available balance before approving a flexible loan. If sufficient, assets are directly transferred to the collateral account, and the loan is granted. a. Exclusive bonus: After the loan order is successfully created, the collateral is stored separately, but the system will automatically subscribe to earn products on your behalf, offering you additional income. b. The exact yield can be viewed on the earn page . 5. Release of collateral a. Repayment: After repayment, the collateral will be returned to the spot account, and you can choose not to retrieve the collateral temporarily. b. LTV rate adjustment: After you adjust the LTV rate, some collateral may be released according to the adjustment direction. c. After repayment or adjustment of the LTV rate, if you choose to retrieve the collateral, the financial subscription amount of the collateral will be reduced accordingly. 2. Managing Your Loan Orders Step 1: To view your ongoing loan orders, return to the Loan page and click Ongoing loans in the top left corner. Here, you can see your current loan orders and click on Interest details to view the hourly interest earned. Interest rate calculation rules 1. Actual floating interest rate: interest rates fluctuate every hour according to market supply and demand, and actual loan interest rates are charged every hour according to the latest interest rate. 2. Interest calculation a. Hourly interest = loan amount × hourly interest rate b. Cumulative interest calculation - The sum of the accumulated hourly interest values every hour during the loan period - Interest is calculated every hour, and less than 1 hour is calculated as 1 hour. Hourly interest is accumulated at the beginning of each hour. For example, the loan order is created at 17:30. The interest rate from 17:30:00 to 17:59:59 is calculated based on the daily interest rate at 17:30. Subsequently, the interest rate from 18:00:00 to 18:59:59 is calculated based on the daily interest rate at 18:00. Step 2: To view past orders, click on History at the top of the Loan page . Step 3: For detailed loan information, navigate back to the Loan page and click on Crypto loan data. This section provides insights into available loan currencies, collateral currencies, and interest rates history. 3. Repayment Made Simple Go back to the Ongoing loans page, click Repayment, enter the amount you want to repay, and click Confirm to complete the transaction. Repayment Guidelines: Interest is repaid first, followed by the principal. Accrued interest will increase the loan’s collateral ratio. Partial Repayment: - You can make partial repayments. - After a partial repayment, the collateral ratio and total debt are recalculated, and the remaining loan continues to accrue interest. Supported Repayment Methods: 1. Standard Repayment: Use the available balance of the borrowed currency in your spot account to repay. Repayment Limits: - Minimum Repayment Amount: At least 5 USDT. - Maximum Repayment Amount: The lesser of your available balance or total debt. 2. Collateral Repayment: Use your collateral to repay by converting it into the borrowed currency. Default Conversion: Utilizes the flash exchange feature for conversion. Repayment Limits: - Minimum Repayment Amount: At least 10 USDT. - Maximum Repayment Amount: The lesser of the remaining collateral or total debt. 4. Adjusting Your Collateral Ratio (LTV) To adjust your collateral ratio, go to the Ongoing loans page and click Adjust LTV. Enter the amount of cryptocurrency to add as collateral. You'll see the estimated new LTV ratio. Click Confirm to finalize the change. Important Notes on LTV Adjustment: Regarding Adding Collateral: - Adding collateral to an order can reduce the loan’s collateral ratio. - It is sourced from your available spot account balance. - The adjustment must be greater than 5 USDT. Regarding Withdrawing Collateral: - If the order’s collateral ratio is below the initial ratio, you can withdraw the excess collateral, which will increase the loan’s collateral ratio. - After withdrawal, the collateral ratio should remain below the initial collateral ratio. - The adjustment must be greater than 5 USDT. Evaluating Risk for Loan Orders 1. Collateral Ratio (LTV): a. Collateral Ratio (LTV) = Total loan value ÷ Total collateral value b. The system updates the collateral ratio for all active loan orders every second, comparing the current ratio with the margin call and liquidation levels. - When the collateral ratio reaches the margin call level, the system will notify you to add more collateral. - If the collateral ratio hits the liquidation level, the loan order will be liquidated, and you’ll be notified. 2. Initial LTV: This determines the maximum loan amount you can borrow based on your collateral. 3. Margin call ratio: When your collateral ratio reaches this level, your loan order is at high risk, and you’ll be prompted to add more collateral. 4. Liquidation LTV: When your collateral ratio hits this level, your collateral will be liquidated, and you’ll be notified as the system closes your position. In summary, Bitget's Flexible Loans provide a powerful and versatile tool for crypto enthusiasts to enhance their investment strategies without compromising liquidity. With features like flexible repayment options, dynamic interest rates, and the ability to generate income from collateral, it is tailored to meet the evolving needs of modern investors. Whether you're looking to unlock the potential of your assets or navigate the ever-changing crypto market with confidence, Bitget's Flexible Loans offer a seamless and efficient solution to achieve your financial goals.

Guide to Bitget Earn Products

Bitget Since the SEC announced the approval of Bitcoin ETFs, the uncertainty haunting crypto from the past two years of bear markets has swept away, with Bitcoin breaking through the $70,000 mark and setting a new all-time high (ATH). Although narratives such as inscriptions and memecoins set the stage for a bull market, the market was not overwhelmed by bullish sentiment as overall fundamentals blurred (the Fed cut interest rates). Bitcoin also experienced volatility. As the second quarter drew to a close, the market left little room for users to make a profit, while users' willingness to trade decreased significantly. It is a common perception that this round of the bull market led by BTC ETFs has not garnered widespread market sentiment and quickly pushed the prices of mainstream coins and altcoins to their highs like the previous rounds led by DeFi Summer and IEOs. However, we believe that this is a healthy bull market. It resembles a stable-moving car rather than one in Formula 1. Looking at charts, we can find that the average prices of major cryptocurrencies like Bitcoin have been steadily increasing, backed by a continuous influx of more traditional financial capital. We believe that this round of the bull market will be fundamentally different from previous ones. Altcoins won't "steal the thunder", and Bitcoin will see a value rebound after volatile growth. The future holds promise this time, to be sure. Enhance your passive income: the Bitget Earn product suite When the market is stable, we offer a variety of Bitget Earn products to provide each user with novel and unique opportunities to earn. Dive into Bitget's investment products and boost profits every day! Bitget Savings Bitget Earn's first product, Savings, is similar to savings products in traditional finance. Bitget Savings is a risk-free product designed to withstand the uncertainties and volatility of emerging markets such as crypto. We also offer Bitget Fixed Savings and Bitget Flexible Savings to provide users with more options. Both products can be found under Bitget Savings. Fixed Savings As the name suggests, Bitget Fixed Savings offers fixed-term savings with a subscription period. It offers high interest rates to users who lock their assets for a specific period of time, typically 7, 14, 30, 60, 90, or 120 days. The longer the lock-up period, the higher the expected APR. If you are a long-term investor who is not keen on chasing market trends, Fixed Savings can significantly boost your savings while also helping you mitigate excessive risks brought about by market changes. For Fixed Savings, interest starts to accrue on the day after you subscribe (D+1), and the locked assets are returned on the day after the expiry date. Some special products may even allow early redemption at a penalty. Profits may be distributed daily to the subscriber's spot account or distributed together with locked assets at the end of the subscription period. Users can choose their preferred option during the subscription process. Note that due to high demand and APR, some Bitget Fixed Savings products may sell out quickly. These products will be marked as Sold Out, and users will no longer be able to subscribe. If an asset is available for both Bitget Fixed Savings and Bitget Flexible Savings, your fixed subscription will be automatically converted to a flexible subscription. View more details here. Flexible Savings Bitget Flexible Savings is similar to a general savings account, and assets can be redeemed at any time. The maximum subscription amount is usually higher than that of Bitget Fixed Savings. You can treat it as a portable savings account — with the security of your assets and the flexibility to redeem them anytime. View more details here. Estimated daily interest = subscription amount × APR ÷ 365. For Bitget Fixed Savings products, simply multiply this number by the number of days you have selected the product. Assuming that you subscribe 50,000 MATIC, then your returns are as follows: • Bitget Fixed Savings: Daily profit = 50,000 MATIC × 10% ÷ 365 = 13.698 MATIC. Total profit: 13.698 MATIC × 7 days = 95.89 MATIC. • Bitget Flexible Savings: Daily profit = 50,000 MATIC × 3% ÷ 365 = 4.109 MATIC. Total profit = 4.109 MATIC × subscription days. There is no limit to the number of days you can subscribe to Bitget Flexible Savings products at this time. • Assume that a user subscribes to MATIC in Bitget Fixed Savings for 7 days and then deposits funds into Bitget Flexible Savings for 90 days, then the profit for 97 days = 95.89 MATIC + 4.109 MATIC × 90 days = 465.7 MATIC. The modified APR = (465.7 MATIC ÷ 50,000 MATIC) ÷ 97 × 365 × 100 = 3.5%. This is higher than the APR offered by Bitget Flexible Savings. Bitget Staking Bitget Staking offers a low-risk, principal-guaranteed method to boost your crypto holdings. What makes it attractive is its simplicity, as it does not require hardware investment or sophisticated settings. Simply stake your Proof of Stake (PoS) assets on the blockchain network through Bitget to get rewards. Participants who stake will receive the same assets back in return. Stake now! Bitget Staking offers investors a range of advantages and is particularly suitable for those seeking a more conservative but flexible approach to growing their wealth. Key advantages: ● Sustainable growth: Stable returns over time, allowing you to grow your assets without taking additional risks. ● Simplicity and usability: Unlike many platforms, Bitget has a very simple staking process to minimize potential risks. ● User-friendliness: Bitget is suitable for beginners and seasoned investors alike, offering a clear staking and redemption process. ● Instant rewards: View your increased profits in real-time and keep tracking asset growth. View more details here. BGB Staking Bitget has been committed to providing rewards and benefits for BGB holders. We've launched another major upgrade to provide our users with more perks: stake BGB to enjoy free withdrawals. The more the BGB staked, the more free withdrawals you can enjoy! That's it! Head to the BGB Staking page and select Stake to start staking. Note that the amount of BGB you stake must be a multiple of 100. Use the Add BGB button to increase your BGB balance. Choose Redeem on the same page to cancel BGB staking. The processing period for a BGB redemption request is seven days. You can also redeem instantly by paying a 2% transaction fee. View more details here. Bitget Launchpool Bitget Launchpool is a cryptocurrency platform where users can earn profits by staking. By staking BGB or other coins into Launchpool, users have the chance to receive free airdrops, earn profits, and grab a share of a substantial prize pool. Profits for the staked assets will start being calculated at T+1 hour, and rewards will be distributed hourly. The estimated ROI is continuously updated and can be viewed on the Launchpool page. Bitget Launchpool is highly flexible, allowing users to withdraw their staked assets at any time. View more details here. Bitget PoolX Traditional staking often involves locking assets for a fixed period of time, preventing participants from reacting promptly to unexpected events. Bitget PoolX offers a more flexible alternative, allowing users to redeem staked tokens from the staking pool at any time. This flexibility enables users to earn staking rewards without sacrificing liquidity, a significant advantage for those who wish to hold access to their assets to successfully execute their investment plans while sticking to a thorough risk management strategy. Enhanced liquidity applies not only to staked assets but also to hourly reward distribution. It helps a lot in volatile crypto markets, where the ability to quickly access and transfer assets is crucial to seizing market opportunities or avoiding market downturns. It also yields compound interest beside profits for users, which means there is an opportunity to reinvest the profits into the staking pool faster. Bitget PoolX's core feature is a "stake to mine" platform that distributes staking rewards in popular tokens, providing participants with an additional source of income. It is important to note that Bitget PoolX allows each project to designate coins to be staked, including stablecoins like USDT or BGB, Bitget's native token, and calculates the APR separately for each pool, effectively predicting future trends and demand. View more details here. Bitget Dual Investment Bitget Dual Investment fully utilizes the buy low and sell high strategy. It aims to offer a two-in-one plan for long-term investors: Subscribers can purchase a cryptocurrency with stablecoins, and earn interest on the cryptocurrency if its price is equal to or lower than the expected price by the end of the subscription period. However, if the price of the cryptocurrency ends up being higher than the expected price, the system will not execute the buy order but instead calculate the interest in the corresponding stablecoin. This is a "buy low" situation. In "sell high" cases, subscribers will sell their crypto holdings at a favorable price in the future and settle the interest in stablecoins. If the market conditions are unfavorable to the subscriber at the end of the subscription period, the cryptocurrency will not be sold, and interest will be calculated based on the cryptocurrency used for the subscription. In short, users will receive the initial holdings and interest even under adverse conditions. Carefully plan your long-term crypto investment. You can keep your assets idle until the limit order is filled, or you can head to Bitget Dual Investment to earn more from your idle funds. After entering the Bitget Dual Investment page, you can Select coin, then choose Buy Low or Sell High and choose your desired product based on the price target, APR, and settlement date. After selecting Subscribe, a subscription page will pop up. After confirming the subscription amount, quota requirements, order period, price target, settlement assets, and APR for each case, use the Confirm button to proceed. View more details here. Bitget Shark Fin Bitget Shark Fin is a unique principal-guaranteed structured investment product. It was launched in December 2022 during the bear market following the collapse of Terra (LUNA) and FTX, with the aim of revitalizing the market and boosting demand. This low-risk investment product has been embraced by users and remains the most popular Bitget Earn product. What sets Bitget Shark Fin apart is its unique APR structure, which closely resembles the shape of a shark fin, with an upwardly inclined APR line in the middle and a base APR on either side to protect user interests. This represents two scenarios for Bitget Shark Fin subscribers: ● Enhanced profit: The price of the locked asset is within a given price range. In this case, we use the APR upper and lower limits (both are higher than the base APR) to calculate the APR range and yield. ● Guaranteed yields: This occurs when the price of the locked asset is lower or higher than the specified price range. Even so, there will be no real losses, as historical data shows that Bitget's base APR for Shark Fin has been steadily increasing, from an initial 1%–2% to a later 5% to the current 7%. Either way, it corresponds to a traditional savings plan, equivalent to opening a savings account with a bank, except that bank accounts do not have the inherent user-friendliness and portability of crypto. More importantly, Bitget Shark Fin products have consistently maintained a price range with enhanced profits. ● Principal guaranteed: The original subscription amount will be automatically returned to the subscriber's spot account after settlement without any loss. Head to the Shark Fin page to browse the latest and hottest investment products. Simply use the Subscribe button to subscribe to a product. Enter the investment amount and confirm your subscription term, price range, APR range, and guaranteed APR. Use the Confirm button after configuring all the settings. View more details here. Bitget Smart Trend Investors and tech analysts can harness market trends better with Bitget Smart Trend. This principal-guaranteed product provides investors with the opportunity to speculate on the BTC/ETH price over the next seven days without worrying about losses at settlement. Any user can subscribe to Bitget Smart Trend products with BTC, ETH, or USDT. However, the profits will be distributed in the assets they use to subscribe. Bitget Smart Trend can also provide high APRs. Here are the three profit scenarios for Bitget Smart Trend: ● Highest profit: The price change aligns exactly with the speculation direction. For example, in the case of a bullish product subscription, the price captured during the value period is higher than the upper limit of the given price range; in the case of a bearish product subscription, the price captured during the value period is lower than the lower limit of the given price range. In this case, the APR is the highest. ● Net profit: The price during the value period is within the given price range. Similar to the Enhanced Profit scenario for Bitget Shark Fin, Bitget Smart Trend uses the APR upper limit (equals to the APR under Highest Profit scenario) and APR lower limit (equals to the APR under Guaranteed Profit scenario) to calculate APR range and profits. ● Guaranteed profit: This scenario is activated when the price change moves against the speculation direction. Users will eventually receive the principal and profits in their accounts, just as they would when withdrawing their deposited funds. Bitget Smart Trend also provides a competitive advantage for BGB holders. It is currently the only Bitget Earn product that supports subscription for two assets (BTC/ETH) with BGB and two directions (bullish/bearish). Head to the Smart Trend page, browse the most popular Smart Trend products, and use the Subscribe button to proceed. Carefully review all the details, including the APR, price range, and settlement time before entering your subscription amount and selecting Confirm. View more details here. Bitget Wealth Management Bitget Wealth Management is a product tailored for high-net-worth individuals and institutions seeking to optimize their financial portfolios. Advantages: ● Professional asset management team with a diversified portfolio and robust risk management. ● High APRs from top financial service providers and seasoned investment experts. ● Subscribe anytime to earn monthly interest and redeem with ease. Get your principal back just the next month. Select Wealth Management under Earn in the top navigation bar or visit here . Choose between our Steady Growth and Enhanced Return products. The former offers steady returns amid market fluctuations while the latter provides higher yields with slightly higher risk. Enter your subscription amount (minimum 50,000 USDT), tick the box after agreeing to our terms, and use the Confirm button to finalize your decision. View more details here. Bitget Crypto Loans Crypto Loan is a financial product that allows users to borrow fiat currency or cryptocurrencies by using their crypto assets as collateral. Crypto Loan aims to help users get additional funds instantly without losing control over their own crypto assets. Bitget's innovative approach to the Loan-to-Value (LTV) ratio, a key risk assessment indicator, ensures a safer borrowing environment. With three LTV levels set to match the risks associated with the collateralized assets, Bitget has your back. ● Initial LTV: The initial LTV ratio is used to determine the maximum loan a user can get in accordance with their collateral amount. ● Margin call LTV: This is a predetermined LTV ratio at which the borrower receives a margin call to increase their collateral. ● Liquidation LTV: This is the LTV ratio at which the lender will liquidate the borrower's collateral to recover the loan amount. The system will close the loan and notify the borrower. Here's a quick guide to getting started with Bitget Crypto Loan: Enter the Bitget Crypto Loans page . You will be able to see the list of assets available for borrowing, along with their hourly fixed rate. Choose a loan that meets your requirements. Once you have found the right loan for you, use the Borrow button to view the details. Select your loan term type, the asset you wish to borrow, and the collateral from your spot account. Carefully review the loan details, including the interest rate, initial LTV, margin call LTV, and liquidation LTV. After ensuring the information is correct, click Confirm to submit your loan application. After confirmation, your collateral will be locked. View more details here. Bitget now provides the best choice for users with spot auto-invest+. Enhance your profits even further with Earn boost! Bitget spot auto-invest+ Spot auto-invest+ is a bot that invests a fixed amount of funds into a specific cryptocurrency asset at a fixed time. For example, you can choose to buy 100 USDT of BTC on the first of every month or buy 100 USDT of BTC every Monday. Spot auto-invest+ combines the product features of spot auto-invest and Earn to automatically transfer the assets purchased from spot auto-invest into an exclusive pool to earn profits. This improves users' return on investment. Select Spot auto-invest+ from the Earn dropdown menu in the top navigation bar, or browse the Spot auto-invest+ products list here and select a coin and use the Create plan button. With auto-invest+, you can earn additional daily profits and redeem your funds at any time. View more details here. Note that the information shown in the images of this article is for reference purposes only and does not represent the actual situation. Enter the Earn product page for the latest and most accurate rates and other details.

Bitget's Crypto Loan at a Glance

TL;DR Bitget Crypto Loan allows users to pledge a certain amount of token A to borrow a certain amount of token B, helping to leverage users' funds. Unlike DeFi Loan, Bitget Crypto Loan offers several advantages such as stable interest rates, simplicity in operations, no on-chain gas fees, and enhanced security. Bitget supports a wide range of tokens as collateral, including Bitcoin, Ethereum, USDT, and more. Crypto assets borrowed from Bitget's Crypto Loan can be used freely. To avoid liquidation, you can reduce your LTV by depositing more collateral or repaying part of your loan. What is Bitget's Crypto Loan? Crypto Loan refers to the process of using cryptocurrency assets as collateral to borrow other cryptocurrencies. In other words, users can borrow a certain amount of token B by pledging a specific quantity of token A, and they need to pay a certain amount of interest to the platform. To mitigate risks, over-collateralization is typically employed. This is how Bitget's Crypto Loan provides users with additional funds to leverage their assets, all while they retain firm control over their pledged crypto assets. Currently, Bitget Crypto Loan only supports fixed-term borrowing, where the borrowing interest rate remains the same for the duration of the term. However, users are required to repay the loan within the stipulated period, and in case of late repayment, the overdue portion will incur 200% of the loan's original interest rate. What is the Loan-To-Value (LTV) Ratio? The Loan-to-value (LTV) ratio is one of the most important risk assessment indicators in Crypto Loans, with LTV ratio = value of liabilities ÷ value of collateral. The Loan-to-value ratio (LTV) fluctuates with changes in the coin's price and interest receivable. To mitigate the risk of collateral shortfall, we set three risk control lines for the Loan-to-value ratio based on the risks associated with the collateralized coin. The three risk control lines for an order are determined by the collateral coin selected at the time of borrowing. Initial LTV: The initial LTV ratio is used to determine the maximum loan a user can obtain based on their collateral amount. Assuming the initial LTV of BTC is 65% and you pledge 1000 USDT worth of BTC, then you can borrow up to 650 USDT worth of other assets. Margin call LTV: When the LTV ratio reaches the margin call LTV, the system will notify the user to supplement their collateral. It represents that the order has reached a higher level of risk. Liquidation LTV: When the LTV ratio reaches the liquidation LTV ratio, the collateral is liquidated and the order closed. Differences Between Bitget Loan and DeFi Lending Bitget's Crypto Loan stands out from DeFi lending with its fixed interest rates, no requirement for external addresses, simpler borrowing operations, and no gas fees. Comparison item Bitget Crypto Loan DeFi Lending Interest rate fluctuation Low (fixed term and interest rate) High External address requirements N/A Yes Borrowing operation Simple (on-chain operation not required) Complex (on-chain operation) Cost No gas fee Gas fee required Risk Individual operational risk Smart contract risk Oracle risk Liquidation risk Identity verification Yes N/A Available Cryptocurrencies for Collateral and Borrowing Currently, Bitget supports collateralizing/borrowing various tokens such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and more. Please visit the Bitget Crypto Loan homepage for a complete list. It is worth noting that Bitget Crypto Loan does not support collateral loan pairs of the same cryptocurrency. For instance, you cannot use BTC as collateral to borrow more BTC; you can only borrow BTC by using a non-BTC cryptocurrency asset as collateral. Additionally, the maximum borrowing limit is determined by your account limit and the available funds in the pool, taking the lower of the two into account. Account limit refers to the individual borrowing limit per cryptocurrency. Currently, the minimum amount for a single loan is 200 USDT, calculated based on the index price of the borrowed cryptocurrency in relation to USDT. Please note that this limit is for the initial product and is subject to subsequent changes. Utilizing Crypto Loan Assets Once you borrow from Bitget's Crypto Loan, you can decide how to use the borrowed crypto assets. You are free to use the borrowed assets, including trading them in the spot m arket, depositing them into Bitget's financial products, or withdrawing them from Bitget, and more. However, the pledged collateral remains in Bitget's Crypto Loan as security for the crypto assets you borrowed. How to Secure a Crypto Loan on Bitget First, open the Bitget Crypto Loan homepage. Next, select the crypto assets you wish to borrow and click Borrow. Then, select your preferred Loan Term type, the assets you want to borrow, and the collateral from your spot account. Carefully review the loan details including interest rate, initial LTV, margin call LTV, and liquidation LTV. After ensuring the information is correct, click Confirm to submit your loan application. Upon confirmation, your collateral will be deposited into the Crypto Loan system, and the funds will be automatically released. Click to learn more about Bitget's Crypto Loan. Interest Calculation and Loan Liquidation Interest = loan × (daily interest rate ÷ 24) × hours in the term Interest is calculated on an hourly basis with a minimum accrual time of one hour, less than one hour is calculated as one hour, and for each full hour that passes, the accrual time increases by one hour. Loan liquidation means that the lender has the right to take ownership of your collateral if you do not fulfill your obligations. This may occur, for example, when the value of the collateral decreases or when the value of the borrowed assets increases over time due to accrued interest. In other words, liquidation is triggered when the LTV exceeds the liquidation LTV. To facilitate loan repayment during the liquidation process, the collateralized assets will be converted to the borrowed coin at the prevailing marke t price on the spot market. The system liquidates 50% of the collateral in each attempt until the LTV ratio is lower than the initial LTV ratio. If the remaining collateral after partial liquidation is 100 USDT or less, the position will be fully closed by the system. A 2% transaction fee will be charged on the liquidation amount, and the remaining assets will be returned to the user's spot account. To avoid liquidation, you can reduce your LTV by either depositing more collateral or repaying part of your loan. It is highly recommended that you monitor your LTV and keep it low to avoid liquidation.

Unleashing Profit Potential: A Comprehensive Guide to Bitget Earn Products

All Bitget investment products can be found under the name of Bitget Earn, which straight-up conveys Bitget’s ultimate purpose of bringing fresh and unique earning opportunities for everyone. Dive into the world of Bitget investment products to grow your portfolio on a weekly basis! Bitget Savings The first Bitget Earn option bears some resemblances to savings in traditional finance. Bitget Savings, of course, acts as a backstop for uncertainties and volatilities found in emerging markets such as crypto, hence is risk-free; however, we took it to the next level with the division of Bitget Fixed Savings and Bitget Flexible Savings. They are grouped and to be found under Bitget Savings. Fixed Savings As the name suggests, Bitget Fixed Savings means savings with a fixed term, here the subscription period. The idea is to offer good - sometimes real good - interest rates for users who lock up their assets in a given period, normally 7, 14, 30, 60, 90, or 120 days. The longer the lock-up period, the higher the APR should be. If you are a long-term investor who isn't keen on riding the waves, this one can help you grow your savings substantially without missing out too much on market changes. Bitget Fixed Savings begins to calculate the interest starting from the day after you subscribe to a package (D+1), and will return the locked assets one day after the maturity date. Some special packages even allow for early redemption, although they may come with a penalty fee. Yields can be distributed daily to the subscriber’s spot account or at the end of the subscription period, together with the locked assets; the subscriber can select their preferred option during the subscribing process. It’s worth noting that because of the high demand and juicy APR, some of the Bitget Fixed Savings’ packages may be sold out at a fast pace. We’ll mark those as Sold Out and users won’t be able to subscribe to those anymore. In addition, if an asset is available for both Bitget Fixed Savings and Bitget Flexible Savings, your fixed-term subscription will automatically be converted to the flexible-term subscription. Detailed guidelines can be found here. Flexible Savings Bitget Flexible Savings is more similar to a normal savings account. Redemption is available at any time upon request, and the maximum subscription amount is oftentimes higher than that of Bitget Fixed Savings. Consider this your portable savings account - keep your assets safe and redeem anywhere. Detailed guidelines can be found here. The interest calculation formula is given by: Daily Interest = Subscription Amount * APR / 365. For Bitget Fixed Savings packages, subscribers only need to multiply this figure by the number of days selected for the subscription. Take the example of MATIC above and assume a 50,000 MATIC subscription, we have: • Bitget Fixed Savings scenario: The daily yield is 50,000 MATIC * 10% / 365 = 13.698 MATIC. The total yield is equal to 13.698 MATIC * 7 days = 95.89 MATIC. • Bitget Flexible Savings scenario: The daily yield is 50,000 MATIC * 3% / 365 = 4.109 MATIC. The total yield is equal to 4.109 MATIC * the total of days subscribed, which is numerous because there is currently no limit to how long one can subscribe to Bitget Flexible Savings. • Assume one subscribes to 7-day MATIC subscription with Bitget Fixed Savings then 90 days with Bitget Flexible Savings, they’ll receive a total of 95.89 MATIC + 4.109 MATIC * 90 days = 465.7 MATIC after 97 days. The amended APR would be (465.7 MATIC / 50,000 MATIC) / 97 * 365 * 100 = 3.5%, which is higher than the Bitget Flexible Savings-only APR. Bitget Shark Fin Shark Fin Explained Bitget Shark Fin is Bitget’s original capital-guaranteed structured investment product. Bitget Shark Fin was launched in December 2022 amid the bear market following the historic fall of Terra (LUNA) and FTX as an effort to ‘unfreeze’ the market and stimulate demand. Our users welcomed this low-risk investment product with open arms, and it remains the most popular Bitget Earn product. The brilliance of Bitget Shark Fin lies in its unique APR structure, which looks exactly like the shark fins: we have an advantageous base APR on both sides of an upward-sloping APR line. It reflects the two earning scenarios available for Bitget Shark Fin subscribers: • Winning scenario: The price of the locked-up asset falls within our given price range. In that case, we use the upper bound and lower bound APR (both are higher than the base APR) to calculate the range APR and yield. • ‘Losing’ scenario: This is activated when the price of the locked-up asset is either lower or higher than our given price range. Even then, there is no actual loser here, because, historically speaking, the base APR of Bitget Shark Fin has increased from 1% and 2% in the very beginning to 5% then to 7%. Either APR can correspond to a savings scheme, so it’s always equivalent to opening a savings account at a bank, minus the accessibility and portability inherent in crypto. However, historically speaking again, we have never failed to give Bitget Shark Fin subscribers a winnable price range. • Capital-guaranteed: The original subscription amount will be automatically returned to the subscriber’s spot account after settlement, unscathed. Shark Fin Tutorial Once you’re on the Shark Fin main page, you’ll be able to browse through the hottest and latest investment products available. To subscribe to a product, simply hit the [Subscribe] button. That will take you to the subscription page, where you can enter your desired investment amount and also note your subscription duration, price range, APR interval, and guaranteed APR. If all of these settings are good for you, you can click the [Confirm] button. Detailed guidelines can be found here. Bitget Dual Investment Dual Investment Explained Bitget Dual Investment takes full advantage of the ‘buy low, sell high' strategy. It's designed to provide long-term investors with a 2-in-1 plan; that is, subscribers can buy a cryptocurrency (with stablecoin) and earn interest in that cryptocurrency if its price at the end of the subscription period is equal to lower than their expectations. If the price of that cryptocurrency is eventually higher than the expected price, the purchase is not enabled, and interests are calculated in stablecoins. That's the Buy Low scenario. On the other hand, Sell High subscribers will sell their crypto holdings at a favorable price in the future and earn interest in stablecoins. Should markets move against them at the end of the subscription period, no selling is allowed, and interests are calculated in the cryptocurrency to be subscribed. In short, users will receive their original holdings plus interests even in disadvantageous conditions. Imagine planning your long-term crypto investments. You can either let your stables sit there until your limit order is filled or jump to Bitget Dual Investment to make some extra money on the idle funds. Dual Investment Tutorial Once you’re on the Dual Investment main page, you can then select [Buy Low] or [Sell High] product types and select the desired product based on the target price, APR, and settlement date. Click [Subscribe], and the ‘Subscription Page’ will pop up. After confirming the subscription amount, quota requirement, order cycle, target price, respective settlement asset, and APR in different scenarios, you can click the [Confirm] button to finish the subscription. Detailed guidelines can be found here. Bitget Smart Trend Smart Trend Explained Bitget Smart Trend allows investors and technical analysts to ride with the waves. It is principal-protected, which means investors have the opportunity to place a bet on BTC/ETH prices over the next seven days without worrying about losses at settlement. Any user can subscribe to Bitget Smart Trend with Bitcoin or Ethereum or USDT, but the gains are distributed in the form of the asset they use to subscribe. High APR is also to be seen with Bitget Smart Trend. There are three earning scenarios for Bitget Smart Trend: • Absolute win scenario: The price goes in the exact direction of the speculation. For example, if it’s a bullish subscription, the price captured at value time is higher than the upper bound of our given price range, and if it’s a bearish subscription, the price captured at value time is lower than the lower bound of our given price range. This scenario offers the highest APR. • Net win scenario: The price captured at value time falls within our given price range. Similar to the winning scenario of Bitget Shark Fin, we use the upper bound APR, which is equal to the APR of the absolute win scenario, and the lower bound APR, which is equal to the APR of the ‘losing’ scenario, to calculate the range APR and the yield. • ‘Losing’ scenario: This is activated when prices move in the opposite direction of the subscriber’s speculation. Subscribers will end up receiving their principal and yield back in their account as if they’ve just withdrawn savings. The recent upgrade of Bitget Smart Trend gives BGB holders a competitive advantage. It’s currently the only Bitget Earn product with BGB subscription for both asset types (BTC/ETH) and both directions (bullish/bearish). Smart Trend Tutorial Once you’re on the Smart Trend main page, browse through our hottest Smart Trend products and click on [Subscribe] once you’ve made your decision. Peruse all details including APR, price range, and settlement time before entering the amount of your subscription and clicking [Confirm] to finish. Detailed guidelines can be found here. Bitget Range Sniper Range Sniper Explained Bitget Range Sniper is the latest introduction to Bitget Earn. The APR schemes for Bitget Range Sniper can be considered an elevated version of Bitget Shark Fin, with the lowest APR up until now is guaranteed at 20% despite any speculation of market sentiment, the highest is up to 500%, and that's why Bitget Range Sniper has become the new obsession of many investors. Bitget Range Sniper differentiates itself from Bitget Shark Fin and other Bitget Earn products in that the asset to be paid out is flexible. In case the market moves in the opposite direction to the subscriber’s prediction, they'll get the payout in Bitcoin or Ethereum, which is perfect because they can hold them and lock in the profit once prices go up. If prices progress in line with their expectation, the profits will be realized immediately by the payout in USDT. Subscribers win, either way. Range Sniper Tutorial Browse through our plentiful list of products at the Range Sniper main page and click on [Subscribe Now] to make your choice. Inspect all information displayed in the popup window, enter the amount of your subscription, tick the box, and click on [Confirm]. Detailed guidelines can be found here. Bitget Staking PoS products Bitget Staking allows you to stake high-quality Proof of Stake (PoS) projects on the Bitget platform. By staking, you can work with us to help secure the network of these nodes while earning stable staking rewards. Bitget is committed to promoting a decentralized future and fully supports PoS projects that align with our values. To stake a project, simply access our Staking main page, from here you’ll be able to browse through the hottest projects available. Then hit the [Stake] button to make your choice, then you can enter your desired amount and also note the staking duration, interest, and APR. If all of these settings are good for you, you can click the [Stake] button to finish. BGB Staking Bitget has always been striving to provide rewards and benefits to BGB holders. Now, we have extended these privileges to new horizons with our latest update: BGB staking free withdrawal. The more BGB you stake, the more free withdrawals you get! It’s as simple as it gets. At the BGB Staking main page, Click on [Stake] to start staking. The number of BGB you’re staking has to be a multiple of 100. You can also click on [Buy BGB] to increase your BGB to a rounder number. To unstake your BGB, click on [Redeem] on the same page. It takes 7 days to unstake your BGB. You can also unstake your BGB immediately at a 2% fee. Detailed guidelines can be found here. Bitget Crypto Loan Crypto Loan Explained A crypto loan is a type of financial product that allows users to borrow fiat or other cryptocurrencies by using their crypto assets as collateral. Bitget Crypto Loan is designed to provide users with instant access to additional funds without losing control of their crypto assets. Bitget's innovative approach to the Loan-to-Value (LTV) ratio, a key risk assessment indicator, ensures a safer borrowing environment. With three LTV levels set to match the risks associated with the collateralized assets, Bitget has your back: - Initial LTV: The initial LTV ratio is used to determine the maximum loan a user can get in accordance with their collateral amount. - Margin Call LTV: This is a predetermined LTV ratio at which the borrower receives a margin call, and the system will notify the user to supplement their collateral. - Liquidation LTV: This is the LTV ratio at which the lender will liquidate the borrower's collateral to recover the loan amount. The system will close the loan and notify the borrower. Bitget Crypto Loan Tutorial Here’s a quick guide to getting started with Bitget Crypto Loan. Head to the Bitget Crypto Loan main page, and you'll be able to see the list of assets available for borrowing, along with their hourly fixed rate. Choose a loan that meets your requirements in terms of fixed-rate and collateralized assets. Once you've found a loan you're interested in, click on [Borrow] to view the details. Select your Loan Term type, the asset you wish to borrow, and the collateral from your Spot account. Carefully review the loan details including Interest rate, Initial LTV, Margin call LTV, and Liquidation LTV. Once you are satisfied with the terms, click [Confirm] to submit your loan application. After confirmation, the collateral will be staked to the crypto loans system. Detailed guidelines can be found here. Bitget Wealth Management Bitget Wealth Management Explained Enter Bitget Wealth Management, a product tailored for high-net-worth individuals and institutions seeking to optimize their financial portfolios. Our advantages: - Dedicated asset management team with a diversified portfolio and robust risk management. - High APR from top-tier financial service providers and our seasoned investment professionals. - Subscribe anytime get your interest every month. Enjoy easy redemptions and get your capital back next month. Bitget Wealth Management Tutorial Select ‘Wealth Management’ under ‘Earn’ on our top navigation bar or visit this link. Choose between our Steady Growth and Enhanced Return products. The former offers steady returns amid market fluctuations, while the latter gives higher yields with slightly higher risk. Enter the amount of your subscription (minimum 50,000 USDT), tick the box after agreeing to our terms, and click ‘Confirm’ to finalize your decision. Detailed guidelines can be found here. To Sum Up Bitget Earn offers two types of investment products: risk-free and low-risk. To assist your investment decision, here is a summary of Bitget Earn products: Bitget Savings Other Bitget investment products Please be informed that all the information contained in the illustrations within this article is for illustrative purposes only and is not to be taken as actual representations. To access the most current and accurate details regarding interest rates and other information, kindly visit the official product pages.

Bitget Hot Takes (July 24 - July 30)

Bitget Hot Takes is the exclusive weekly newsletter series by Bitget Academy, the 360-degree onboarding guide for all crypto enthusiasts. The latest Bitget Hot Takes can be found here. Central Themes • FED raised the interest rate by another 25 bps. • Asia is the new crypto hotspot: Singapore High Court declares crypto as property and Japan affirms their Web3 plan. Indicators Confirming BGB’s Recent Upward Half of the Top 4 ended the week in red, with BTC’s weekly low decreasing from US$29,556 to US$28,934 and XRP failing to maintain the victory momentum. Despite being the best performer out of the four, only locked in a minor 1.2% gain at the end of the week. BGB prices have been seeing upward movements since Saturday (July 29, 2023), with this trend backed up by all three indicators of MACD, RSI and Accum/Dist. We talked about how the downtrend of BGB shouldn’t last long in the previous Bitget Hot Takes, and now the anticipated bouncing back is here. Due to the recent bounce from as low as US$0.444144 to today (July 31)’s opening of US$​​0.462315, BGB's volatility has been on the way up. BGB’s liquidity has been maintained at 0.02, only lower than that of XRP and ETH. That means buying and selling activities are not much affected by the broader market. BGB 7-day volume actually increased by 2.8%. Check out our BGB Sail Series to see how impressive BGB monthly performance is: BGB Sail: June Edition BGB Sail: May Edition BGB Sail: April Edition BGB Sail: March Edition BGB Sail: February Edition BGB Sail: December Edition BGB Sail: November Edition BGB Sail: October Edition BGB Sail: September Edition BGB Sail: August Edition BGB Sail: July Edition BGB Sail: June Edition BGB Sail: May Edition On a side note, recent data shows that BGB has become, once again, the exchange token with the highest potential. The disproportionate growth between BGB value and Bitget makes room for BGB to soar higher - are you ready? Crypto Markets Calm Collected About FED’s Decision On July 26, 2023, the FED announced another interest rate of 25 bps, which resulted in the highest federal funds rate in 22 years of 5.25 - 5.5%. As this move is widely expected, markets reacted with an increase in the 5-day return of 0.66% for the Dow Jones, 1.01% for SP 500 and 2.02% for NASDAQ Composite. Crypto markets have been almost unfazed; the global market cap rose by 0.9% and Bitcoin prices are held above the US$29,000 mark ever since the news. Since investors tend to take a cautious approach around the FOMC meeting, both stocks and crypto volume saw declines. The general sentiment of last week was, however, still slightly bullish, while we are starting this week with a neutral sentiment. Data from Kaiko shows that for the first time ever, the liquidity of the Top 10 altcoins is approaching and even surpassed that of Ethereum on top DEXs, though they are a long way behind Bitcoin’s. In the U.S., the House Financial Services Committee passed two crypto bills named the Financial Innovation and Technology for the 21st Century Act and the Blockchain Regulatory Certainty Act, whose intention is to provide a clearer regulatory framework for cryptocurrencies, especially in the definition of crypto, codify federal oversight for this industry so that the U.S. can stay relevant. Crypto community considers this a win because these bills would limit the jurisdiction of the SEC and, on the contrary, expand the CFTC’s oversight of crypto. Following Hong Kong’s recent attempt to become a global crypto hub, Japan and Singapore are further consolidating Asia’s advantage and relevance in crypto. Singapore is being considered as the destination for several crypto companies including market maker Wintermute for their institution-friendly approach. Furthermore, the Singapore High Court ruled that crypto is a property capable of being held on trust, a decision reminiscent of the Hong Kong Court one back in April this year. In a recent crypto conference, Japan Prime Minister Fumio Kishida shared his excitement about the potential of Web3 and how it is ‘part of the new form of capitalism’, an insight appreciated by Binance and The Web3 Foundation, among other industry players. The Latest Bitget News We are delighted to share with you the new rebranding initiative that demonstrates our dedication in equipping individuals with innovative products as well as sophisticated tools for an efficient financial future. Both our focus on users and our commitment of providing a safe, smart and productive trading environment remain the same. Are you an avid reader of Bitget Academy? Are you confident with what you have acquired from our knowledge bank? Participate in our completely new event to share 1,000 BGB prize pool - the rules are explained here! So excited to see how we have grown together! What’s new on Bitget, too? Of course the mighty Bitget Crypto Loan - through which any user can get instant access to more funds! Bitget Crypto Loan currently accepts BTC, ETH, USDT, XRP, LTC and BCH as collateral for the borrowing of 15+ assets. For a detailed guide on how to start borrowing right away, check out our Introduction to Bitget Crypto Loan! We have had several initial listings last week, all of which resulted in new extraordinary daily gainers: XXX/USDT (+504.6%), ESPR/USDT (+300.4%), BITCOINBSC/USDT (+128.2%), OMNIA/USDT (+92.4%) and SOPH/USDT (+31.9%). And of course we can’t leave out WorldCoin (WLD) with the whopping +543% 24H gain, BRIDGE/USDT with +148%, BITCOIN/USDT with +120.2%, MOG/USDT with +114.4% and EML/USDT with 109%. We are constantly adding new coins every week, so stay tuned to not miss any earning opportunities! Bitget Futures Markets saw a decrease of 7.4% for the average crypto OI and 9.5% for the average Bitcoin OI in the last 7 days, meaning Bitcoin dominance on the futures market has fallen by another 2% on average. Bitget Rewards Center has been upgraded! New users can now get up to 5,027 USDT for free and earn an additional bonus when you log in to your account daily. Sign up immediately to get the most out of our promotion campaign! New Events Azit (AZIT) to be listed on Bitget — grab a share of 260,000 AZIT from Launchpool! Azit Token (AZIT) listed on Bitget. Come and grab a share of 108,500 AZIT ! Join Bitget's BOT Zone deposit and trading promotion to win a share of the US$30,000 prize Limited Time VIP Upgrade! Enjoy VIP Benefits and 18% APR! Staika (STIK) listed on Bitget — come and grab a share of 17,000 STIK! Make AI bot trades and grab a share of 50,000 USDT Offer alert: 10% Cashback, Open to Everyone! Race against elite traders to share 10,000 USDT! Celebrate Bitget's Brand Upgrade: Win $50,000 in the Trading Arena Good Reads Understanding the 2023 Litecoin Halving: An In-depth Analysis What Is EML Protocol (EML) 8 Years of Non-Stop Growth: The Journey of Ethereum Ethereum Value and Price Simply create an account, and start exploring the incredible Bitget-Verse today!