Dear BIT users,
We are pleased to announce that USD margined futures now support adjustment of leverage level, stop-loss and take-profit orders, as well as the estimated liquidation price display, welcome to experience it!
What is futures leverage level?
Futures leverage directly determines the initial margin you need to open a position. Under the same contract value, the higher the leverage level, the lower the initial margin required.
What is a Take Profit /Stop Loss Order?
A Take Profit /Stop Loss order is to pre-set a trigger price and the order size to close/reduce a position. When the latest price or mark price reaches the trigger price, the system will place a market order with the pre-set order size, thus achieving a stop loss or stop gain on the position.
What is future's Estimated Liquidation Price (ELP)?
The Estimated Liquidation Price is that forced liquidation of your USD futures position will be triggered when the mark price reaches the specified Estimated Price in cross-margin mode.
BIT will continue to provide you with quality services.
The BIT Team
Jan 4, 2023