Bitget announces strategic partnership with Ethena Labs, integrating USDe
The rise of Synthetic USDe on the cryptocurrency market is reshaping how traders approach digital assets. The growing popularity of synthetic USDe can be attributed to several key causes, mainly, its stability, as it is pegged to the U.S. dollar, providing traders with a reliable and stable option on the volatile cryptocurrency market. Synthetic USDe also lets traders engage in margin trading and other financial activities without relying on traditional banking services.
Back in February, Ethena introduced a delta-neutral synthetic dollar called USDe, which is fully backed, on-chain, scalable and resistant to censorship. The innovative mechanism supporting USDe also facilitates the pioneering concept of an"Internet Bond" with unique features.Shiba Inu in Trouble, Again, Will XRP Finally Break $0.
Coin-margined futures support multiple currencies as margins for over 230 futures trading pairs on Bitget. USDe is the seventh coin that joins Bitget's margin options alongside BTC, ETH, USDC, XRP, BGB and STETH. To utilize USDe margins for coin-margined contracts on the Bitget platform, users need to follow a few simple steps. By transferring USDe funds to the coin-margined contract account, users can navigate to the contract trading interface and select coin-margined contracts. Upon selecting the currency pair, such as BTC-USD, and selecting USDe as the margin, users can adjust leverage according to risk tolerance and trading strategy.
Based on market analysis, users can place buy/sell and other types of orders. One should monitor positions and market conditions, using stop-loss and take-profit orders to manage risks and secure profits. When the trade reaches the preferred profit or loss range, users can close the position at the market price or a predetermined price limit.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future.
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