Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Bitget Introduces GORK Perpetual Contracts with Up to 20x Leverage

Bitget Introduces GORK Perpetual Contracts with Up to 20x Leverage

TokenTopNewsTokenTopNews2025/05/05 01:22
By:TokenTopNews
Key Points:

  • Main event, leadership changes, market impact, financial shifts, or expert insights.
  • Bitget introduces 20x leverage GORK perpetual contract.
  • USDT used for settlement and margin purposes.
Bitget Launches U-based GORK Perpetual Contracts

The launch expands Bitget’s offerings, potentially affecting trading volumes and liquidity. No major community reactions or regulatory comments were present at this time.

Impact of the GORK Perpetual Contract

Bitget has released the GORK perpetual contract, leveraging the USDT for margin and settlement. The underlying asset, GORK, will see increased trading opportunities. Bitget’s official portal states the leverage extends from 1x to 20x.

“Bitget Launches U-based GORK Perpetual Contract with Leverage Range of 1-20x.” – Bitget Official Announcement

The action involved Bitget, who rolled out the GORK perpetual contract. It allows traders to use significant leverage, giving them more trading flexibility. The new product’s launch aligns with Bitget’s recent initiatives in expanding trading options.

The introduction may impact market liquidity, increasing volatility for GORK. Such launches affect only CEX-based derivatives as no immediate DeFi impacts are expected. Other major assets remain unaffected.

Although financial implications like liquidity shifts are expected, no clear on-chain data currently support this. The lack of regulatory or KOL statements suggests market neutrality. Community sentiment appears unengaged.

Based on previous offerings, trading volumes are likely to increase, potentially driving user acquisition. Historical trends show that similar products boost volumes without necessarily enhancing the underlying asset’s value.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Why Are Investors Hesitant Despite Bitcoin Surpassing the $98K Mark?

BTC Triumphs Despite Investor Skepticism: Market Nervousness Persists Despite Hopeful ETF Inflows

Coineagle2025/05/09 07:11
Why Are Investors Hesitant Despite Bitcoin Surpassing the $98K Mark?

Revolution in Trading: USDT and USDC Now Welcomed by Asian Stock Brokers

Bridging Modern Finance: Hong Kong's Strategic Embrace of Crypto Trading Through USDT and USDC Adoption

Coineagle2025/05/09 07:11
Revolution in Trading: USDT and USDC Now Welcomed by Asian Stock Brokers

Unveiling Democrats’ Subtle Support for Trump’s Disputed Crypto Strategy

Unforeseen Bipartisan Accord: Examining the Subtle Support for Trump's Crypto Strategy Amidst Controversial Debate

Coineagle2025/05/09 07:11
Unveiling Democrats’ Subtle Support for Trump’s Disputed Crypto Strategy