Bitget Launches New CFD Copy Trading Features & Tiered Margin Framework

Kritika Mehta
Updated
Kritika Mehta

Kritika Mehta

News Writer & Journalist
Kritika boasts over 4 years of experience in the financial news sector. Currently working as a crypto journalist at Coingape, she has consistently shown a knack for blockchain technology and cryptocurrencies. Kritika combines insightful analysis with a deep understanding of market trends. With a keen interest in technical analysis, she brings a nuanced perspective to her reporting, exploring the intersection of finance, technology, and emerging trends in the crypto space.
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Bitget has rolled out an extensive update for its Contracts for Difference (CFD) trading platform. It has introduced the option of copying other traders and implemented a tiered margin. This system designed to enhance the trading environment on leveraged markets.

Bitget Reveals New Features For Users

The new release allows traders to use copy trading functionality right from the trading screen, rather than navigating to separate screens on the platform. Changes are made to a number of asset classes, such as foreign exchange, commodities, precious metals and stock indices. In addition, the exchange has strengthened the calculation of margin requirements from trading exposure.

Bitget CEO Gracy Chen said that “As more traders diversify across markets, the trading experience needs to become simpler without sacrificing transparency or risk management. Accessing market information, evaluating experienced traders and managing positions should happen within the same workflow.”

She further added, “Capital requirements should also reflect the size of a position. These updates make CFD trading efficient while giving users greater clarity over how they deploy capital and manage risk.”

The new addition marks the introduction of the Popular Traders panel on every CFD page for every instrument it supports, which serves as a window into traders’ interests. Traders can look at successful traders without having to exit the chart view.

What Else Is Changing?

Every profile will show performance metrics like returns over 30 days, copier activity, and other metrics. It will assist the user in comparing traders before following them. However, if no trader is found in a particular market, the platform will direct users to its wider copy trading leaderboard.

Further, Bitget has created an exclusive copied positions tab within the CFD interface. The feature distinguishes trades from the copied trades, and groups them by the trader that is being followed. The users may rank the positions according to unrealized profit/loss or position value to monitor the portfolio easily.

An exposure-based margin structure is also added as an update. The system does not apply a single margin requirement for all positions, but rather sets different margin requirements for an account according to the total notional exposure of the account. The larger positions go into increasingly higher margins tiers, and predefined margin levels are applied during the 30 minute windows before and after the market opens and closes in order to accommodate increased volatility.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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About Author
About Author
Kritika boasts over 4 years of experience in the financial news sector. Currently working as a crypto journalist at Coingape, she has consistently shown a knack for blockchain technology and cryptocurrencies. Kritika combines insightful analysis with a deep understanding of market trends. With a keen interest in technical analysis, she brings a nuanced perspective to her reporting, exploring the intersection of finance, technology, and emerging trends in the crypto space.