- WhiteBIT has allowed users to manage the leverage on their accounts, increasing them to 50x and 100x for futures trading.
- The leverage for margin trading remains at 20x.
The cryptocurrency exchange WhiteBIT has announced that it has raised the maximum leverage in the futures market to 100x.
It is notable that the leverage for margin trading remains unchanged at 20x. However, in the futures market, new options have been introduced that allow it to be increased to 50x and 100x.
Importantly, in less liquid markets, the maximum leverage can be reduced and may not reach 100x (in the derivatives market). In addition, WhiteBIT will take additional protective measures, such as adjusting the leverage value, in the event of sharp price fluctuations or deviations from the price index.
The exchange also has a maximum position size for large leverage values, which is called a “brace”. For example, for 50x and 100x there is a position size limit of 100,000 USDT and 50,000 USDT respectively.
If a position exceeds these limits, leverage of 20x will be applied to the rest.
In July 2023, WhiteBIT announced a partnership with the G2A trading platform to sell USDT gift certificates – WhiteBIT Gift Card. Before that, the company announced the introduction of a new feature that allows users to convert digital currency into cash.