[PRESS RELEASE – Seychelles, Seychelles, December 11th, 2024]
BYDFi officially announced that the upgrade of the platform’s Perpetual Trading System has been completed. The upgrade not only improves core trading functionalities but also introduces three important functions of innovation and optimization, which comprehensively improve users’ trading flexibility and asset security. Details of the features are as follows:
Unrealized Profits for New Positions
This feature allows traders to use unrealized profits as a margin to open new positions without waiting for the current position to close. By reinvesting potential gains immediately, users can enhance fund efficiency and respond more dynamically in volatile markets.
Hedging for Long-Short Positioning
Compared with the previous Two-Way Positioning Feature, the new hedging function allows users not only to hold both long and short orders in the same trading pair but also to easily realize risk hedging and income lock. Whether in the face of severe market volatility or when the trend is still uncertain, users can hedge operations to avoid potential risks, due to market fluctuations brought about by the retraction of earnings.
Cross Margin Mode: Shared Funds for Reduced Liquidation Risks
In Cross Margin mode, all the funds in the user’s account are aggregated to provide mutual support for multiple positions. That is, the user does not have to manually input the margin every time for each trade, because the system will automatically distribute funds across all open positions. This mechanism reduces the risk of a single position blowing up and enhances the overall stability of the account.
“Listening to users, improving every step.”
“Our focus has always been on meeting user needs and ensuring trading security.” Michael BYDFi’s CO-Founder said, “The BYDFi product team stated that by actively interacting with users, they will continuously adjust and improve the platform’s features to meet the diverse needs of the market”.
How to Access These New Features
Now an upgraded version of the perpetual contract system is live. Users can log in to BYDFi and enter into the perpetual trading interface to try the new features. Meanwhile, a welcoming interface, having been optimized, makes it easy for users to trade. Detailed guides in the Help Center or online customer service should solve all kinds of problems a user may face.
Users can visit the BYDFi website or download the “BYDFi App” for more details.
About BYDFi
Forbes-named Top 10 Best Crypto Exchange, BYDFi is trusted by millions of users worldwide and is recognized by top authoritative media in the industry, like CoinMarketCap and CoinGecko. It currently supports more than 600 tokens for spot trading, with options for leverage from 1x to 200x to suit every investment strategy. Its integration with leading global payment providers, including Banxa, Transak, and Mercuryo, provides ease of purchase for cryptocurrencies, making it possible to invest in crypto at low cost.
Soon, “BYDFi Copy Trading” will enable users to copy strategies from the top traders in real-time with one click on the synchronized operation. BYDFi is dedicated to providing users with a world-class crypto Trading experience. BUIDL Your Dream Finance.
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