Bitget Initiates ZBT Perpetual Contract with 20x Leverage

Bitget officially launched a USDT-margined ZBT perpetual contract. The move aims to enhance trading opportunities within the cryptocurrency derivatives sector. Traders can access leverage from 1x to 20x, promoting increased participation and market engagement.

The cryptocurrency derivatives exchange Bitget is the primary entity involved in this launch. Besides offering leveraged trading options, Bitget has associated a campaign called “CandyBomb” for eligible participants, engaging them in the newly listed token ZeroBase ($ZBT).

The launch’s immediate effects are expected to increase speculative trading volume for ZBT and USDT. The initiative could theoretically broaden the market reach, introducing fresh liquidity influx in both assets involved in the contract.

Financial implications include potential airdrop rewards up to 500 ZBT per participant. The market may see increased engagement in spot and perpetual volumes, following historical patterns of similar launches on top exchanges.

While there are no direct leadership quotes, official communication verified the integration of ZBT into trading platforms. No immediate compliance alerts were highlighted concerning Bitget’s launch. Gracy Chen, Managing Director, Bitget, stated, “Bitget has launched the U-based ZBT perpetual contract, with a leverage range of 1-20 times. The contract trading BOT will also be opened simultaneously.”

Historically, similar derivatives expansions have resulted in short-term trading volume spikes, benefiting governance tokens and ecosystem protocols. ZeroBase’s roadmap hints at further integrations into derivatives and DeFi protocols, potentially scaling participant interest.