{"id":20255,"date":"2023-04-26T12:29:41","date_gmt":"2023-04-26T12:29:41","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitget-becomes-the-first-to-support-liquid-staking-derivatives-as-collateral-for-futures-press-release-bitcoin-news\/"},"modified":"2023-04-26T12:29:41","modified_gmt":"2023-04-26T12:29:41","slug":"bitget-becomes-the-first-to-support-liquid-staking-derivatives-as-collateral-for-futures-press-release-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitget-becomes-the-first-to-support-liquid-staking-derivatives-as-collateral-for-futures-press-release-bitcoin-news\/","title":{"rendered":"Bitget Becomes The First To Support Liquid Staking Derivatives As Collateral For Futures \u2013 Press release Bitcoin News"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div id=\"\">\n<header class=\"article__header\">\n<\/header>\n<div class=\"featured_image_container\">\n <\/p>\n<p>press release<\/p>\n<\/div>\n<p><strong>PRESS RELEASE. <\/strong><b>Victoria, Seychelles, April 26th, 2023 \u2014<\/b> <a href=\"https:\/\/www.bitget.com\/en\/\">Bitget<\/a>, top crypto derivatives and copy trading platform, has announced the addition of<a href=\"https:\/\/www.bitget.com\/en\/support\/articles\/12560603782816\"> Liquid Staking Derivatives (LSDs) as a margin option<\/a> for Bitget Coin-margined Futures, making it the first centralized exchange to provide such products on the market. This new feature will allow traders to continue earning staking rewards while also utilizing their staked assets for trading purposes.<\/p>\n<p><span style=\"font-weight: 400;\">Bitget Coin-margined Futures is a unique product designed for crypto-enthusiasts, supporting multiple currencies as a margin for various futures trading pairs. With the introduction of LSDs as collateral, traders can now access the liquidity of staked assets without having to unstake them. Currently, Bitget supports stETH as collateral for the first rollout, and plans to expand support for more assets for LSDs collateral in the future.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Using LSDs as a margin offers a range of benefits for cryptocurrency traders. It provides increased flexibility and diversification, helping users manage risk more effectively and potentially offering a more efficient way to use staked assets for trading. This can be particularly advantageous for traders looking to expand their trading strategies beyond holding or staking cryptocurrencies. Furthermore, using LSDs as a margin can help investors increase the liquidity of staked assets. By earning staking rewards while providing liquidity for trading, LSDs can create a more vibrant trading ecosystem and potentially increase the overall value of staked assets.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">\u201cWith this latest addition, Bitget continues to solidify its position as the leading crypto derivatives trading platform with multiple innovative products. Traders can now take advantage of this new feature by logging into their Bitget account and selecting LSDs as a margin option. By offering LSDs as a margin option, we are giving our users greater flexibility and more diverse trading strategies, which we believe will drive further innovation and growth in the cryptocurrency derivatives market. We are proud to be the first exchange to offer this cutting-edge feature and are excited to continue leading the way in providing our users with the most advanced trading tools and options.<\/span><\/i><span style=\"font-weight: 400;\">\u201c<\/span><b> said Gracy Chen, Managing Director of Bitget.<\/b><b><i> <\/i><\/b><\/p>\n<p><span style=\"font-weight: 400;\">Bitget is a top crypto derivatives exchange, which launched the first USDT-margined futures and USDC-margined products in the industry. According to Coingecko, Bitget is currently a top 5 futures trading platform supporting 170+ futures trading pairs. <\/span><\/p>\n<p><b>About Bitget<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Established in 2018, <\/span><a href=\"https:\/\/www.bitget.com\/en\/\"><span style=\"font-weight: 400;\">Bitget<\/span><\/a><span style=\"font-weight: 400;\"> is the world\u2019s leading cryptocurrency exchange with futures trading and copy trading services as its key features. Serving over 8 million users in more than 100 countries and regions, the exchange is committed to helping users trade smarter by providing a secure, one-stop trading solution. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi, the leading Italian football team Juventus, and official eSports events organizer PGL. According to Coingecko, Bitget is currently a top 5 futures trading platform and a top 10 spot trading platform.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For more information, visit:<\/span><a href=\"https:\/\/www.bitget.com\/en\/\"> <span style=\"font-weight: 400;\">Website<\/span><\/a><span style=\"font-weight: 400;\"> | <\/span><a href=\"https:\/\/twitter.com\/bitgetglobal\"> <span style=\"font-weight: 400;\">Twitter<\/span><\/a><span style=\"font-weight: 400;\"> | <\/span><a href=\"https:\/\/t.me\/BitgetENOfficial\"> <span style=\"font-weight: 400;\">Telegram<\/span><\/a><span style=\"font-weight: 400;\"> | <\/span><a href=\"https:\/\/www.linkedin.com\/company\/bitget-global\/\"> <span style=\"font-weight: 400;\">LinkedIn<\/span><\/a><span style=\"font-weight: 400;\"> |<\/span><a href=\"https:\/\/discord.com\/invite\/bitget\"> <span style=\"font-weight: 400;\">Discord<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">For media inquiries, please contact: <\/span><a href=\"https:\/\/news.bitcoin.com\/bitget-becomes-the-first-to-support-liquid-staking-derivatives-as-collateral-for-futures\/mailto:media@bitget.com\"><span style=\"font-weight: 400;\">media@bitget.com<\/span><\/a><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<hr\/>\n<p><small><i>This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.<\/i><\/small><\/p>\n<div class=\"article__body__author\">\n<div class=\"article__body__author__avatar\">\n<img src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2019\/08\/logomark-150x150.png\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2019\/08\/logomark-150x150.png 1x, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2019\/08\/logomark-300x300.png 2x\" class=\"avatar avatar-150 photo\"\/>\n<\/div>\n<div class=\"article__body__author__info\">\n<h6 class=\"article__body__author__info__name\">\nMedia <\/h6>\n<p class=\"article__body__author__info__about\">\nBitcoin.com is the premier source for everything crypto-related.<br \/>\nContact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.<\/p>\n<\/div>\n<\/div>\n<p class=\"images_credits\"><em><b>Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n<div class=\"bottom_article_widgets\">\n<aside id=\"bn_widget_spacing-18\" class=\"td_block_template_1 widget widget_bn_widget_spacing\"\/>\n<aside id=\"custom_html-21\" class=\"widget_text td_block_template_1 widget widget_custom_html\">\n<h4 class=\"block-title\"><span>More Popular News<\/span><\/h4>\n<\/aside>\n<aside id=\"bn_widget_spacing-19\" class=\"td_block_template_1 widget widget_bn_widget_spacing\"\/>\n<aside id=\"custom_html-46\" class=\"widget_text td_block_template_1 widget widget_custom_html\"\/>\n<aside id=\"bn_widget_spacing-20\" class=\"td_block_template_1 widget widget_bn_widget_spacing\"\/>\n<aside id=\"custom_html-30\" class=\"widget_text td_block_template_1 widget widget_custom_html\">\n<h4 class=\"block-title\"><span>In Case You Missed It<\/span><\/h4>\n<\/aside>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><script type=\"27ed5ce111e6da50949bbbd2-text\/javascript\">(function(d, s, id) {\n        var js, fjs = d.getElementsByTagName(s)[0];\n        if (d.getElementById(id)) return;\n        js = d.createElement(s); js.id = id;\n        js.src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&version=v3.2\";\n        fjs.parentNode.insertBefore(js, fjs);\n    }(document, 'script', 'facebook-jssdk'));<\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/bitget-becomes-the-first-to-support-liquid-staking-derivatives-as-collateral-for-futures\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) press release PRESS RELEASE. Victoria, Seychelles, April 26th, 2023 \u2014 Bitget, top crypto derivatives and copy trading platform, has announced the addition of Liquid Staking Derivatives (LSDs) as a margin option for Bitget Coin-margined Futures, making it the first centralized exchange to provide such products on the market. [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":20256,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/20255"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=20255"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/20255\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/20256"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=20255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=20255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=20255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}