Bitget Launches U-based AVL Perpetual Contract for Crypto Trading Flexibility

Bitget, a leading cryptocurrency exchange, has recently launched the U-based AVL perpetual contract, offering leverage ranging from 1 to 25x. This new product is designed to provide traders with more flexibility and opportunities in the volatile cryptocurrency market.

The U-based AVL perpetual contract is a type of derivative contract that allows traders to speculate on the price of an underlying asset without having to own the asset itself. The contract's leverage feature enables traders to control a larger position with a smaller initial investment, potentially amplifying both gains and losses.

Bitget's new contract is based on the Automated Volatility Index (AVI), which tracks the implied volatility of the underlying asset. The AVI is designed to provide a more accurate representation of market sentiment and price movements, allowing traders to make more informed decisions.

The launch of the U-based AVL perpetual contract comes at a time when the cryptocurrency market is experiencing significant volatility. The recent surge in interest in non-fungible tokens (NFTs) and decentralized finance (DeFi) platforms has led to increased trading activity and price fluctuations.

As the cryptocurrency market continues to evolve, exchanges like Bitget are introducing new products and services to cater to the diverse needs of traders. The U-based AVL perpetual contract is just one example of how Bitget is staying at the forefront of the industry, offering innovative solutions for traders seeking to capitalize on market opportunities.