Bitrue Initiative Minimizes Risks for Users Trying Futures Trading
In Brief
“Bitrue is proud to provide a fair, reliable, and smooth user experience, so we hope that many users will seize this limited opportunity to demo the powerful features we provide in futures trading while safe in the knowledge that their funds are protected against liquidation,” noticed Quartly-Janeiro.
April 24, 2024 – Leading cryptocurrency exchange Bitrue has recently announced the launch of their new Liquidation Insurance Event in an X post, designed to enable their users to open a futures position without exposing them to risk.
This event, open to users on the Bitrue platform who have not traded futures before, will allow traders to open a genuine futures position with leverage exceeding 20x and keep any profits they may earn. Should their position be liquidated during the event period, they will be able to recover up to 100 USDT of their loss.
The recent Bitcoin Halving has generated renewed interest in the BTC ecosystem and the cryptocurrency markets as a whole, with many new projects planning to take advantage of emerging technologies such as Runes. Analysts are predicting significant price movements for both established and developing coins, and this volatility presents a unique opportunity for enthusiasts to capitalize on market swings, making futures trading an attractive option.
“Futures are a fantastic financial instrument, but because of how quickly their profitability can swing, a lot of users are justifiably wary about ever touching them. At Bitrue, we’re always looking for ways to educate and empower our users, so this is our way of providing a risk-free opportunity to assist our users in trialing a useful service,” said Robert Quartly-Janeiro, Chief Strategy Officer at Bitrue.
Insurance will only be provided to users who pass KYC verification to ensure the legitimacy of claimants. It can only be claimed once per user and only during the event, which ends on April 30, 2024, at 10:00 UTC.
“Bitrue is proud to provide a fair, reliable, and smooth user experience, so we hope that many users will seize this limited opportunity to demo the powerful features we provide in futures trading while safe in the knowledge that their funds are protected against liquidation,” noticed Quartly-Janeiro.
Disclaimer
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
