VILNIUS, Lithuania, July 26, 2024, Chainwire
In a significant move in July 2024, BTCC launched up to 50x leverage on over 300 USDT-margined trading pairs. This development follows the successful introduction of 500x leverage on major trading pairs including BTC, ETH, , SOL, and DOGE. BTCC has now decided to enhance the futures trading experience by increasing the available leverage from 20x to 50x, setting a new standard in the world of cryptocurrency trading where most exchanges only provide up to 20x leverage for their traders.
Since launch, nearly 25% of orders have been placed with 50x leverage, demonstrating strong demand among traders. The 300+ cryptocurrencies include many of the coins currently on the market, such as PEPE, SATS, WIF, SHIB, ZK, WLD, AVAX, and TON.
Alex, COO of BTCC, commented on the launch: “In June, we introduced 500x leverage on major pairs and the response was overwhelmingly positive. Since then, our users have been asking for higher leverage on other altcoins, especially memecoins. This response prompted our decision to increase leverage to 50x on over 300 trading pairs.”
The main advantage of higher leverage may be the ability to open large positions in the market with a relatively small amount of capital, allowing traders to significantly amplify their potential profits. This feature may be attractive to experienced traders who can predict market movements. However, traders must be aware of the risks involved, and the stop loss feature is an essential tool to help manage these risks effectively.
About BTCC Exchange
Founded in 2011, BTCC is one of the oldest and most reputable cryptocurrency exchanges in the world. Known for its strong security measures and user-friendly platform, BTCC offers a wide range of features, including spot trading, futures trading, and copy trading, aimed at both beginner and experienced traders.
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This article was originally published on Chainwire
