Bitget Upgrades Convert with Block Trade Support for Zero-Fee Large-Scale Swaps

Bitget, a global cryptocurrency exchange and Web3 company, has enhanced its Bitget Convert feature to support block trades, enabling users to execute large-volume crypto swaps with zero fees and minimal slippage. The upgraded tool allows conversions between major assets such as BTC, ETH, SOL, and USDT, with a single transaction limit of up to 3 million USDT [1]. By bypassing traditional order books and manual price adjustments, the feature addresses inefficiencies in large-scale trading, offering real-time quotes that refresh every 8 seconds and instant execution without delays [1]. Vugar Usi Zade, Bitget’s COO, emphasized that the upgrade streamlines large trades, enabling users to "move millions in one click" and reflecting the exchange’s commitment to improving accessibility for both retail and institutional participants [1].

The Convert tool’s fee-free model and high liquidity support a wide range of use cases, from small daily swaps to institutional-grade transactions. Users can now leverage 300+ trading pairs for seamless asset conversions, with institutional clients eligible for whitelist access to secure more favorable terms [1]. This update aligns with Bitget’s broader product strategy, following the launches of GetAgent and Bitget PRO, which aim to cater to diverse trading needs [1].

The enhancement positions Bitget as a competitor in the crypto exchange space by addressing pain points in traditional trading methods. Block trade support reduces the complexity of large orders, which are often fragmented across order books and subject to price slippage. The ability to process transactions instantly and at scale could attract high-volume traders seeking cost efficiency, particularly in volatile markets where timing is critical [2]. Additionally, the zero-fee structure may appeal to users wary of hidden costs in crypto trading, a factor that has historically deterred adoption [3].

Bitget’s focus on institutional clients through whitelist access signals an effort to expand its market share among professional traders. By offering tailored solutions, the exchange aims to bridge the gap between retail and institutional participants, fostering a more inclusive trading ecosystem. However, the success of the feature will depend on user adoption and the ability to maintain liquidity at high volume levels without compromising price stability.

The upgrade follows a period of strategic growth for Bitget, including partnerships with global entities such as LALIGA and UNICEF, as well as its role as a crypto partner in motorsports (e.g., MotoGP™). These initiatives underscore the exchange’s efforts to integrate crypto into mainstream industries while promoting blockchain education [1].

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to its Terms of Use [1].

Source:

[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/)