- Bit.com gives a set of future-ready choices resembling perpetual and futures.
- Bit.com gives providers from worth discovery to buying and selling technique execution to liquidity provision.
- The undertaking has a smartphone app that’s appropriate with iOS, Android, Net and API.
With the crypto market having developed at a staggering tempo during the last couple of years, as is highlighted by the truth that the overall capitalization of this sector has risen from $250 billion to over $2T over the above said time window, Bit.com has carved a distinct segment for itself by offering buyers with a set of future-ready choices resembling perpetual, futures, and choices merchandise associated to distinguished digital property, together with Bitcoin (BTC), Ethereum (ETH), and Bitcoin Money (BCH). From a purely numbers standpoint, the platform boasts the second-largest commerce quantity inside the BTC and ETH choices market.
Launched in 2020 by Matrixport, considered one of Asia’s largest one-stop digital property monetary providers platforms, Bit.com presently gives purchasers with providers starting from worth discovery to buying and selling technique execution to liquidity provision — and just about all the pieces else in between. Furthemore, the platform gives its customers with entry to an enormous array of widespread tokens and monetary devices, permitting them to accrue income by way of many various mediums.
A more in-depth take a look at its Unified Margin characteristic
The truth that Bit.com is backed by Matrixport, a crypto-centric monetary providers agency with over $10 billion in property underneath administration (AUM), ensures that the platform is all the time secured by a large fund pool, one thing that not plenty of different buying and selling ecosystems can boast of.
Additionally, along with investing, buying and selling and leveraging a bunch of crypto property, new customers — in addition to present Matrixport purchasers — now have the choice of harnessing Bit.com’s financial savings accounts to get pleasure from an annual return fee of 30% for a interval of 8 days. They just lately introduced the launch of their fastened financial savings product, Bit.com EARN. EARN is accessible on bit.com’s cellular app. As issues stand, Bit.com helps a plethora of cash together with BTC; stablecoins resembling USDT, USDC in addition to widespread altcoins together with DOGE, DOT, ETH, LINK, LTC, SHIB, SUSHI, UNI, amongst many others.
That stated, what really distinguishes Bit.com from the remainder of the fray is its Unified Margin (UM) characteristic, which, in its most elementary sense, might be described as a complicated buying and selling and threat administration system using a single account. It gives purchasers with a bunch of spot, options, margins, perpetual, and choices buying and selling alternatives.
To elaborate, by way of the usage of their Unified Margin accounts, all collateral cryptocurrencies in a single’s unified account are shared as USDT denominated margin in order to enhance capital utilization in addition to mitigate many potential liquidation associated issues. USDT Margined Futures are cryptocurrency derivatives that afford customers the chance to take lengthy/brief positions and earn revenue from the worth of their underlying asset.
Functionally talking, USDT margined futures are denominated and settled in USDT. That stated, the providing is presently solely out there for Unified Margin Mode customers
Different key points of the undertaking embody:
– Excessive liquidity: Since its debut, Bit.com’s liquidity has improved significantly, with the platform being backed by varied tier-one market makers.
– Stable leverage choices: The platform gives a whopping 50x leverage in relation to futures and a large 10x when coping with choices.
– Tight privateness infrastructure: Bit.com is safeguarded by Cactus Custody’s bleeding edge safety framework. Moreover, the ecosystem additionally gives customers with monetary insurance coverage in relation to their funds.
– Extremely purposeful cellular app: The undertaking comes with a nicely developed smartphone app that’s appropriate with iOS, Android, Net and API.
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