Bitget Upgrades Convert with Block Trade Support Enables Instant Fee-Free Crypto Swaps Up to 3M USDT

Bitget, a leading cryptocurrency exchange and Web3 company, has enhanced its Bitget Convert feature to include block trade support, enabling faster and more cost-effective crypto swaps for both retail and institutional users. The upgrade allows conversions between major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Tether (USDT) in a single transaction, with a maximum limit of 3 million USDT per trade. The platform eliminates order book delays and slippage by providing real-time quotes that refresh every 8 seconds, ensuring instant execution at market-aligned prices [1]. This feature addresses inefficiencies in traditional trading methods, particularly for large-volume transactions, and offers 300+ trading pairs for seamless asset swaps [1].

The block trade functionality is entirely fee-free, allowing users to convert assets without deductions, while high-liquidity support minimizes manual price adjustments. Institutional and VIP clients with substantial trading needs can access whitelist privileges for more favorable quotes [1]. Bitget’s COO, Vugar Usi Zade, highlighted the tool’s accessibility for daily users and institutions, stating it enables “moving millions in one click” [1]. The upgrade aligns with the company’s recent product launches, such as GetAgent and Bitget PRO, reflecting its commitment to adapting to evolving market demands [1].

The integration of block trade support into Bitget Convert underscores broader industry efforts to streamline large crypto transactions. Unlike traditional order books, which fragment trades into smaller orders, the new system executes entire transactions at a single price, reducing execution risks and market impact [2]. Analysts suggest that such innovations could lower entry barriers for institutional crypto adoption, though the actual impact remains contingent on regulatory developments and market conditions [1].

Bitget’s enhancements position it to compete in a market increasingly prioritizing user-friendly tools and cost efficiency. While the company has not disclosed post-upgrade transaction volume or user growth metrics, the feature’s zero-fee model and scalability aim to attract both retail and institutional demand [1]. The company’s strategic initiatives, including partnerships with global sports leagues and educational programs with UNICEF, further emphasize its focus on expanding crypto adoption through accessible solutions [1].

The upgrade follows a landscape where competition among crypto exchanges intensifies, with features like real-time pricing and high liquidity becoming critical differentiators. By eliminating manual interventions and ensuring accurate execution, Bitget’s Convert tool addresses pain points for users handling large trades, aligning with industry trends toward institutional-grade efficiency [3]. The platform’s emphasis on instant, fee-free conversions could also influence market behavior, encouraging larger transactions that traditionally faced fragmentation risks [2].

Sources:

[1] [Bitget Upgrades Convert Feature with Block Trade Support for Smoother Crypto Swaps] [https://cryptoticker.io/en/bitget-upgrades-convert-feature-with-block-trade-support-for-smoother-crypto-swaps/]

[2] [Bitget Enhances Convert with Block Trade Support for Zero ...] [https://www.ainvest.com/news/bitget-enhances-convert-block-trade-support-fee-crypto-swaps-3m-usdt-2507/]

[3] [Bitget Integrates Block Trade Support into Convert Enables ...] [https://www.ainvest.com/news/bitget-integrates-block-trade-support-convert-enables-fee-large-volume-crypto-swaps-2507/]