BYDFi officially announced the completion of the Perpetual Contract trading system upgrade. The upgrade not only improves the core trading functions but also addresses three important features: innovation and optimization, which help improve the overall flexibility in trading and the security of user assets. Details of the features are as follows:
When users hold a profitable position during trading but have not "closed" that position yet, users can use this feature to open a new position. This feature allows users to use the "unrealized profit" as margin to quickly create new positions and multiply their profits. This breakthrough overcomes the limitations of traditional trading models, allowing users to reinvest their profits immediately instead of waiting for settlement. This feature is particularly beneficial in fast-moving markets, allowing traders to seize opportunities and maximize profits.
Compared to the previous dual-position feature, the new risk hedging feature allows users not only to hold both buy and sell orders in the same trading pair but also to easily implement risk hedging and lock in profits. Whether facing strong market volatility or when the trend is still unclear, users can hedge their positions to avoid potential risks caused by market fluctuations and reduced income.
In Cross Margin mode, all funds in the user's account are pooled together to support multiple positions. This means users don't have to manually input margin for each trade, as the system will automatically distribute funds to all open positions. This mechanism reduces the risk of a single position being liquidated and enhances the overall stability of the account.
"We always focus on meeting user needs and ensuring trading safety." The BYDFi product team said. "The BYDFi product team declares that by actively interacting with users, we will continuously adjust and improve the platform's features to meet the diverse needs of the market".
Currently, the upgraded version of the Perpetual Contract system is available. Please log in to BYDFi and go to the Perpetual Contract trading interface to try the new features. Meanwhile, the homepage has been optimized, making it easier for users to trade. Detailed guidance in the Help Center or online customer service will resolve any issues users may encounter.
Please visit BYDFi or download the "BYDFi App" for more details
Honored by Forbes as Top 10 Best Cryptocurrency Exchanges, BYDFi is trusted by millions of users worldwide and recognized by leading industry media such as CoinMarketCap and CoinGecko. Currently, BYDFi supports over 600 tokens for spot trading, with leverage options from 1x to 200x suitable for all investment strategies. Integration with leading global payment service providers, including Banxa, Transak, and Mercuryo, makes it easy to purchase cryptocurrencies, allowing you to invest in cryptocurrencies at low cost.
Soon, "BYDFi Copy Trading" will allow users to copy trading strategies from top traders in real-time with just a click. BYDFi is committed to providing users with a world-class cryptocurrency trading experience. BUIDL Your Dream Finance.
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