Bitget has rolled out an extensive update for its Contracts for Difference (CFD) trading platform. It has introduced the option of copying other traders and implemented a tiered margin. This system designed to enhance the trading environment on leveraged markets.
Bitget Reveals New Features For Users
The new release allows traders to use copy trading functionality right from the trading screen, rather than navigating to separate screens on the platform. Changes are made to a number of asset classes, such as foreign exchange, commodities, precious metals and stock indices. In addition, the exchange has strengthened the calculation of margin requirements from trading exposure.
Bitget CEO Gracy Chen said that “As more traders diversify across markets, the trading experience needs to become simpler without sacrificing transparency or risk management. Accessing market information, evaluating experienced traders and managing positions should happen within the same workflow.”
She further added, “Capital requirements should also reflect the size of a position. These updates make CFD trading efficient while giving users greater clarity over how they deploy capital and manage risk.”
The new addition marks the introduction of the Popular Traders panel on every CFD page for every instrument it supports, which serves as a window into traders’ interests. Traders can look at successful traders without having to exit the chart view.
What Else Is Changing?
Every profile will show performance metrics like returns over 30 days, copier activity, and other metrics. It will assist the user in comparing traders before following them. However, if no trader is found in a particular market, the platform will direct users to its wider copy trading leaderboard.
Further, Bitget has created an exclusive copied positions tab within the CFD interface. The feature distinguishes trades from the copied trades, and groups them by the trader that is being followed. The users may rank the positions according to unrealized profit/loss or position value to monitor the portfolio easily.
An exposure-based margin structure is also added as an update. The system does not apply a single margin requirement for all positions, but rather sets different margin requirements for an account according to the total notional exposure of the account. The larger positions go into increasingly higher margins tiers, and predefined margin levels are applied during the 30 minute windows before and after the market opens and closes in order to accommodate increased volatility.
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