Bitget Enhances Liquidity Incentives for Better Trading Experience
Bitget Introduces Enhanced Liquidity Incentive Program
Bitget, a prominent cryptocurrency exchange and Web3 pioneer, has recently announced an impressive upgrade to its Liquidity Incentive Program, effective shortly. This new initiative highlights the company’s dedication to fostering a conducive trading environment for institutional investors, with enhanced liquidity and improved market efficiency across its trading platforms.
New Competitive Fee Structure and Enhanced Rewards
The revamped program features a tiered fee structure designed to make trading even more cost-effective for users. With maker rebates reaching up to -0.012% for spot markets and -0.005% for futures, Bitget is setting a high standard in competitive trading fees. Additionally, taker fees have been reduced to as low as 0.02% and 0.025%, respectively. These significant adjustments ensure that both seasoned traders and new entrants can benefit from a more engaging trading atmosphere.
Major Trading Pairs and Market Depth
In a groundbreaking move, the newly enhanced maker rebates will apply to major perpetual contract trading pairs like BTCUSDT and ETHUSDT. This strategic inclusion will not only reward liquidity providers generously but also appeal to high-frequency trading firms that value efficiency and low transactional costs. Currently, around 130 futures pairs are eligible for these top-tier rates, with even more expected to join as liquidity undergoes regular reviews.
Onboarding New Liquidity Providers
Bitget is dedicated to increasing participation from new liquidity providers. As part of its onboarding process, these providers can submit their historical trading records to qualify for tier upgrades immediately. This initiative not only creates a smoother entry for new users but also encourages seasoned traders to elevate their trading activities through enhanced fee rates and improved API limits right from the start.
Strategic Vision for Institutional Traders
“In this new era for Bitget, prioritizing the expansion of our institutional ecosystem is essential,” stated Gracy Chen, the CEO of Bitget. “By upgrading our liquidity incentives, we aim to foster a more attractive environment for market makers and professional traders. Strong institutional engagement enhances market depth and plays a crucial role in pushing for cryptocurrency adoption on a larger scale.”
Complementary Enhancements to Institutional Services
This announcement coincides with Bitget's recent expansion of its institutional lending services, which now accommodate over 50 collateral assets and offer flexible loan terms lasting up to 12 months. This provides institutions with the necessary tools for scalable and effective capital access, which is crucial for navigating today’s dynamic market. Moreover, Bitget has launched invite-only live trading features, allowing professional traders to oversee spot, margin, and futures positions seamlessly under one unified account.
The Impact of Strategic Partnerships
Bitget continues to focus on the global adoption of cryptocurrencies through its strategic partnerships. Notably, the exchange serves as the Official Crypto Partner for the prestigious LALIGA football league, boosting visibility in multiple markets across regions. Additionally, Bitget proudly supports top athletes like wrestling world champion Buse Tosun Çavu?o?lu, boxing gold medalist Samet Gümü?, and ?lkin Ayd?n from the national volleyball team. These alliances aim to further inspire the global community to engage with the future of cryptocurrency.
Frequently Asked Questions
What is the purpose of Bitget’s upgraded liquidity program?
The upgraded program aims to enhance the trading conditions for institutional investors by offering competitive fees, maker rebates, and rewards that significantly improve liquidity and market depth.
How do the new fee structures benefit traders?
The new fee structures provide lower transactional costs for both takers and makers, making it more cost-effective for users to trade across various markets.
What steps can new liquidity providers take to onboard successfully?
New liquidity providers can submit their historical trading records for review to qualify for tier upgrades, gaining access to more favorable fee rates and higher API limits immediately.
Who is the CEO of Bitget, and what is their vision?
Gracy Chen is the CEO of Bitget, and she envisions expanding the company’s institutional ecosystem to attract more market makers and professional traders, which can enhance market depth and drive cryptocurrency adoption.
How does Bitget support its institutional clients further?
In addition to enhanced liquidity incentives, Bitget has expanded its lending services and launched invite-only live trading for seamless management of trading positions within their unified accounts.
About The Author
Contact Logan Wright privately here. Or send an email with ATTN: Logan Wright as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.