BitMake, a professional trading platform, is poised to make a significant impact in the competitive world of cryptocurrency derivatives trading. With the market outlook for 2023 indicating an upward trend, the potential for BitMake to emerge as a major player is strong. According to CoinMarketCap, derivatives trading now accounts for 70% of the cryptocurrency market, a figure that has continued to grow. Recent data from January 2023 also indicates a 76.1% increase in cryptocurrency trading volume, including derivatives, compared to the previous month. With this growth trend, BitMake’s future in the derivatives market looks highly promising.
One of the standout features of BitMake is its unified trading account, which allows traders to collateralize multiple currencies and use them as collateral for trading, maximizing their capital utilization. a unified trading account model improves capital utilization, eliminates fund transfer needs, reduces liquidation risk, and offers automatic borrowing and over-withdrawal features for convenient trading. It is a more comprehensive, flexible, and secure option compared to traditional platforms.
BitMake’s trading system operates using a unified account, which offers perpetual contract products with USDT as the standard for settlement. It also provides support for leverage up to 125 times. In addition, an automatic position settlement mechanism enhances risk management. This mechanism ensures that forced liquidation only occurs when a user’s risk rate reaches 100%. Additionally, each day at UTC 0:00, the mechanism converts unrealized profit and losses of current positions into realized profits and losses, which helps to further manage risk. This means that users may see their unrealized profits and losses become zero after each settlement.
BitMake also offers institutional users a flexible account system that includes the option to create up to five sub-accounts for risk isolation and up to five sub-users for better fund management control. Additionally, the platform provides a robust API function that supports trades in under 10 milliseconds, which enhances trading accuracy and fund security.
BitMake’s excess withdrawal function is an innovative feature that is particularly beneficial for users who handle multiple withdrawal requests. This function improves the utilization of user assets and makes asset management more convenient. Additionally, it reduces the transaction costs of currency exchange, which can save users money. Overall, this feature is an important tool for users looking to manage their assets efficiently and cost-effectively.
As a newcomer in the derivatives field, BitMake has the potential to break through and bring new energy to the industry’s development. With its core team members being veterans in the cryptocurrency industry with many years of experience, and its sophisticated product design and strong technical capabilities, BitMake has maintained smooth operation since its launch.
BitMake, a promising player in the cryptocurrency derivatives market, has an advantage over its competitors as it boasts sophisticated product design and unique features. While many leading platforms like Binance, OKX, and Bybit lack innovation, and on-chain derivatives protocols like GMX and dYdX are facing liquidity and user experience issues, BitMake is well-positioned to attract institutional traders looking for a comprehensive and flexible platform for cryptocurrency derivatives trading. As the market for derivatives trading continues to grow, BitMake is poised to stand out and gain prominence in this evolving landscape.
About BitMake:
BitMake is a comprehensive cryptocurrency derivatives trading platform designed for professional traders. Launched in July 2022, BitMake offers various trading services, including spot trading, spot margin trading, Perpetual Futures Contracts trading, and wealth management lending. One of BitMake’s unique features is its unified trading account, which enables traders to use multiple currencies as collateral for trading, thereby maximizing their capital utilization. This feature is beneficial for traders who want to make the most of their available funds and can help them achieve better trading results. BitMake’s core team members are all veterans of the cryptocurrency industry with many years of experience.
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