BYDFi is launching an upgraded Perpetual Trading System

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As an analyst with over two decades of experience in the financial industry, I must admit that the recent upgrade by BYDFi to their Perpetual Trading System has caught my attention. Having seen numerous platforms come and go, it’s refreshing to see one that truly listens to its users and consistently improves based on feedback.

Seychelles, Seychelles, December 11th, 2024, Chainwire

Officially, BYDFi has concluded the update of its Perpetual Trading System. This update enhances essential trading capabilities and adds three innovative and optimized functions. These new features significantly boost user flexibility in trading and asset safety. Here’s a breakdown of the key aspects:

Unrealized Profits for New Positions

This functionality empowers traders to leverage their pending profits to initiate fresh trades, bypassing the requirement to wait for existing positions to be concluded. In other words, it enables traders to swiftly capitalize on potential gains as they arise, thus improving investment efficiency and enabling a more agile response in rapidly changing market conditions.

Hedging for Long-Short Positioning

Instead of the former Two-Way Positioning Feature, the newly introduced hedging function offers users the ability to maintain both long and short positions in a single trading pair. This also facilitates risk management and income stabilization. Whether during times of extreme market turbulence or when market trends are unclear, users can employ hedging strategies to minimize potential losses caused by market volatility resulting from fluctuating earnings.

Cross Margin Mode: Shared Funds for Reduced Liquidation Risks

In Cross Margin mode, all the user’s available funds are pooled together to support multiple trades. This means that the user doesn’t need to manually set margin for each trade, as the system will automatically distribute funds among all open positions. This feature lessens the risk of a single position experiencing significant losses and boosts the overall resilience of the account by maintaining a balanced distribution of funds.

“Listening to users, improving every step.”

Michael BYDFi’s Co-Founder explained that the BYDFi team consistently prioritizes user requirements and trading safety. They aim to engage with users regularly, making necessary adjustments and enhancements to the platform’s functionalities to cater to the varying demands of the market.

How to Access These New Features

Currently, an enhanced version of the perpetual contract system is operational. Users can now easily access BYDFi and navigate to the perpetual trading dashboard to explore the latest features. Simultaneously, a refined interface, optimized for ease of use, allows users to trade with minimal effort. In case of any issues, extensive guides in our Help Center or available online customer service can assist you.

Users can visit the BYDFi website or download the “BYDFi App” for more details.

About BYDFi

As a highly respected exchange, BYDFi boasts millions of users globally and is endorsed by influential industry media such as CoinMarketCap and CoinGecko. This platform offers trading for over 600 different tokens, catering to various investment strategies with leverage ranging from 1x to an impressive 200x. By partnering with prominent global payment providers like Banxa, Transak, and Mercuryo, it simplifies the process of purchasing cryptocurrencies at a minimal cost, making crypto investments more accessible.

In the near future, the “BYDFi Copy Trading” feature will allow users to effortlessly replicate strategies of top traders in real-time, with just a single click during seamless operations. BYDFi strives to deliver an exceptional cryptocurrency trading experience for its users, aiming to help them build their dream financial future – “BUILD Your Ideal Finance“.

Contact

Senior Media Director
Chloe
BYDFi Fintech LTD
chloe@bydfi.com

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2024-12-11 12:53