Bullish
Bitget Launches 2x Long SK Hynix and Samsung Electronics Quanto Perpetuals
17:00
Bitget introduces CSOPSK2LHKD and CSOPSS2LHKD perpetuals with up to 20x leverage, enabling USDT-settled exposure to HK-listed tech giants without FX conversion.
Woofun AI reports that Bitget has introduced two TradFi Quanto perpetual contracts: CSOPSK2LHKD for 2x long SK Hynix and CSOPSS2LHKD for 2x long Samsung Electronics. These instruments provide up to 20x leverage and allow trading of non-USD denominated overseas stocks using USDT. While pricing remains in local currencies such as Hong Kong dollars, margin deposits and profit or loss settlements are executed entirely in USDT, removing the requirement for currency conversion.
WOOFUN AI
Impact Assessment · Quick Read
This launch bridges TradFi equity exposure with crypto-native settlement, allowing traders to gain leveraged access to major semiconductor firms without managing foreign exchange risk. By settling in USDT, Bitget lowers the barrier for crypto users to speculate on Asian tech equities, potentially increasing capital inflows into these specific perpetual markets.
Generated by WOOFUN AI · For reference only, not investment advice
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