It is no secret that in recent decades, the realm of futures trading has emerged as a game-changer for investors all over the globe. This is largely because it offers users an unparalleled opportunity to hedge their assets against price volatility, leverage their profits, and even gain access to a diverse array of global commodities and financial instruments.
Also, with the dollar value locked in open futures and perpetual futures contracts surpassing the $21 billion mark earlier this February (for the first time since November 2021), the significance and growing relevance of futures trading has never been more glaring.
To this point, the benefits of futures trading are multifaceted and compelling. The power of ‘leverage,’ for instance, enables traders to control substantial positions in cryptocurrency futures, such as Micro Bitcoin futures, with only a fraction of the total value required — thus amplifying the potential for long-term gains.
Similarly, as mentioned earlier, the versatility of futures trading also opens up doors to a vast array of global commodities and financial instruments, allowing traders to diversify their portfolios and explore new horizons across various markets.
Notably, futures trading facilitates short selling, granting traders the ability to profit from falling markets by easily entering into short positions, a valuable advantage during uncertain economic conditions.
A Closer Look at Bitget’s Cutting-Edge Futures Platform
As the financial landscape has evolved over the years, a number of new futures trading platforms have emerged from within the fray. Bitget is one such example, with its associated offering coming replete with innovative features and a robust infrastructure.
With low-entry leverage options, regulated trading environments, and around-the-clock market access, Bitget empowers traders to navigate the dynamic futures landscape confidently. The platform offers high liquidity, a diversified suite of trading products, and a user-friendly interface, allowing users to streamline their overall experience as well as capitalize on market opportunities swiftly and efficiently.
Furthermore, Bitget’s new futures platform addresses leverage-related market risks through its advanced AI trading bots, which operate 24/7, capturing market fluctuations and executing strategic trades.
Lastly, recognizing the importance of a risk-free learning environment, Bitget has on offer a robust ‘demo trading module’. This invaluable feature stands out as an essential starting point for newcomers and a risk-free playground for seasoned traders to refine their strategies. Within Bitget’s futures demo trading environment, users can:
- Trade Without Any Risks: Here, individuals can practice with virtual funds, allowing for experimentation without financial losses, thereby fostering a stress-free learning curve.
- Learn About Key Market Mechanics: Users can gain hands-on experience with the intricate workings of the futures market, enhancing their understanding of these novel tools while building confidence.
- Test Out Their Trading Strategies: Users can develop and test various trading strategies, finding the optimal approach for them without any financial risks. This can help ensure a smooth transition to live trading once they are ready.
Bitget as a Gateway to the Global Futures Market
Earlier in March, prominent cryptocurrency exchange OKX announced the closure of its services — including its futures trading platform — in India, citing “local regulatory hurdles.” To elaborate, users were requested to halt all of their margin positions, along with their positions in perpetuals, futures, and options.
Moreover, traders were asked to redeem any funds associated with staking products as well as withdraw any capital they might have in one or more accounts within the system — before April 30, 2024. An email from the company read:
“After [April 30, 2024, 2 AM UTC], we’ll restrict your account. You’ll still be able to withdraw funds, but other functions will become unavailable. Your funds will remain safe and available in your account until you withdraw them.”
As expected, the decision left many Indian traders seeking alternative platforms offering similar features to continue their trading endeavors. In fact, in the wake of this development, pundits are touting Bitget’s aforementioned offering as a viable alternative to OKX — especially since it comes with all of OKX’s key features but with an added layer of functionalities.
Thus, moving forward, it will be interesting to see how Bitget navigates this potentially lucrative opportunity, given India’s burgeoning economic status. As things stand, the South East Asian giant boasts the world’s fifth-largest GDP alongside one of the largest crypto user bases in the world.
