Bitget has added eight new Contracts for Difference (CFD) products that include energy, industrial metals and international stock indices. The shift is aimed at bolstering the exchange’s existing market products under its Universal Exchange (UEX) policy. The new offerings provide traders with additional avenues for speculation on price action for commodities and regional equity indexes from one place.
Bitget Expands Metals & Energy Trading Options
The new contracts are for aluminium (XALUSD), zinc (XZNUSD), lead (XPBUSD) and Low Sulphur Gasoil (GASOIL). These instruments will include potentially exposure to industrial demand and movements in the energy market as part of Bitget’s commodity selection.
The exchange launched four equity indices as well. They involve the Hang Seng TECH Index (HSTECH), Taiwan RIC Index (TWRICC), Netherlands 25 Index (NETH25) and Switzerland 20 Index (SWI20).
The expansions cover large Asian and European markets. These contracts can be used by traders to react to the regional economic changes, fluctuations in industrial activity and investor sentiment. They can also take long or short positions, depending on their expectations for market direction.
“Crypto is only one part of what people want to trade today. We’re seeing growing interest in commodities, stocks and indices, and our platform needs to reflect that,” said Bitget CEO Gracy Chen. She added, “These eight additions give traders more ways to respond to what’s happening across global markets. That’s the direction we’re taking with UEX, bringing more assets and trading opportunities together on Bitget.”
Leverage Reaches 50x For Equity Indices
Bitget has set different leverage limits for the new contracts. Aluminium, zinc, lead and Low Sulphur Gasoil provide a leverage multiplier of up to 20x. The 4 equity indices have a maximum leverage of 50x.
The platform features four CFD account types: ECN, 0% Fee, Pro and Standard+.All eight instruments are available in the 4 CFD account types that are available on the platform: ECN, 0% Fee, Pro and Standard+. This gives traders a choice of what type of account they would want to trade.
Bitget analyzed the contracts prior to the launch for liquidity and price stability. They are also running consistent product configurations in the different account modes, and leveraging the exchange’s existing CFD infrastructure.
The growth is part of Bitget’s comprehensive strategy to connect the crypto industry with the traditional finance sector within a single ecosystem. The expansion of its CFD product line and the introduction of other crypto assets and tokens enable traders to gain access to a broader spectrum of markets via its UEX platform.
