VILNIUS, Lithuania, July 26, 2024, Chainwire
In a significant move in July 2024, BTCC launched up to 50x leverage on over 300 USDT margin trading pairs. This development comes after the successful launch of 500x leverage on major trading pairs including BTC, ETH, , SOL, and DOGE. BTCC has now decided to elevate the futures trading experience by increasing the available leverage from 20x to 50x, setting a novel standard in the cryptocurrency trading world where most exchanges provide their traders with up to 20x leverage.
Since its launch, almost 25% of orders have been placed with 50x leverage, showing forceful demand from traders. The 300+ cryptocurrencies include many coins currently available in the market, such as PEPE, SATS, WIF, SHIB, ZK, WLD, AVAX, and TON.
Alex, Head of Operations at BTCC, commented on the launch: “We introduced 500x leverage on major pairs in June and the response was overwhelmingly positive. Our users have since been demanding higher leverage on other altcoins, especially memecoins. This feedback has led us to make the decision to increase leverage to 50x on over 300 trading pairs.”
The primary advantage of higher leverage may be the ability to open gigantic market positions with a relatively tiny amount of capital, allowing traders to significantly enhance their potential profits. This feature may be attractive to experienced traders who are able to anticipate market movements. However, traders must be aware of the risks, and the stop-loss function is an crucial tool to support manage these risks effectively.
About the BTCC exchange
Founded in 2011, BTCC is one of the longest-running and most reputable cryptocurrency exchanges in the world. Known for its forceful security measures and user-friendly platform, BTCC offers a wide range of features, including spot trading, futures trading, and copy trading, catering to both beginners and experienced traders.
Website: https://www.btcc.com
X: https://x.com/BTCCexchange
contactAaryn Lingprasa@btcc.com
