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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. This eliminates the need for fund transfers, improves capital utilization, and reduces the risk of liquidation. Compared to other traditional trading platforms, BitMake’s unified trading account model is more comprehensive, flexible, and secure. It allows for features like automatic borrowing and over-withdrawal, making trading more convenient.
BitMake’s trading system is based on a unified account, providing users with perpetual contract products with USDT as the settlement standard, and supporting leverage up to 125 times in addition automatic position settlement mechanism further boosts risk management, as forced liquidation is only triggered when a user’s risk rate reaches 100%, and daily automatic position settlement at UTC 0:00 converts unrealized profit and losses of current positions into realized profits and losses. Therefore, users may see their unrealized profits and losses become zero after each settlement.
For institutional users, BitMake offers a flexible account system, including the ability to create up to five sub-accounts for risk isolation and up to five sub-users for greater control over fund management. The platform also offers a powerful API function that supports trades in under 10ms, improving trading accuracy and fund security.
BitMake’s excess withdrawal function is crucial for users who handle numerous withdrawal requests. This innovative feature greatly improves the utilization of user assets, provides greater convenience for asset management, and significantly reduces the transaction cost of currency exchange.
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. Its unique feature is a unified trading account that allows traders to collateralize multiple currencies and use them as collateral for trading, maximizing their capital utilization. BitMake’s core team members are all veterans of the cryptocurrency industry with many years of experience.
Contact Info:
Name: Olivia
Email: Send Email
Organization: BitMake
Website: https://www.bitmake.com/
Release ID: 89093112
