Futures Bitget: how to get rich now thanks to The Merge?

For those who don’t know her yet, Bitget is a centralized exchange platform, a rising figure in the crypto ecosystem. Despite the ambient bear market, the exchange continues to innovate and accelerate its expansion. While others are laying off staff, Bitget is recruiting and riding a wave of buoyant and disruptive financial products. Still in the news, it is very logical that the platform invites you to capitalize on “The Merge” of Ethereum. To do this, it makes available one of its specialties, the trading of term contracts called “futures”.
Le Journal du Coin offers you this promotional article in collaboration with Bitget.
Introducing Bitget
” Better trading, Better life “. This is the slogan of this Singapore-based platform launched in 2018. Specialized in derivatives trading, Bitget has seen exceptional growth. So much so that it is now in the top 10 worldwide in terms of daily volume of transactions (see CoinMarketCap). From 150 in 2019, the exchange should pass the bar of 1000 employees, spread over more than 20 countries during 2022.
Convinced of the need for a secure and irreproachable offer, compliance is one of its priorities. Already regulated by most financial authorities, the company is entitled to operate almost worldwide. In addition, it stubbornly takes the appropriate steps to obtain the few rare authorizations that it still lacks.
Innovative strength, Bitget was, for example, the first platform to offer “futures” collateralized in volatile cryptocurrencies (and not in stablecoins). The quality of its platform and its reduced trading costs have enabled it to attract more than 2 million users worldwide.
In terms of communication, numerous partnerships and sponsorships (Juventus, Galatasaray, etc.) largely contribute to supporting and improving the group’s image. A strategy of respectability and visibility which has already borne fruit.
Bitget, The Merge and its potential future(s)
The Ethereum blockchain has therefore just moved from a proof-of-work consensus mechanism (Proof of Work = PoW) to a consensus mechanism by proof of stake (Proof of Stake = PoS). Far from only concerning Ethereum, this event called “The Merge” is already considered as one of the most impactful crypto ecosystem-wide events whole.
This transition took place successfully on the morning of September 15, 2022. A historic update that was long overdue, and which the market had therefore been able to anticipate for a long time. Thus, for the first time in August 2022, ETH futures trading volume had supplanted that of BTC !
In effect the impacts related to this update are far from negligible (ecological, change of economic model, upheaval for the major players in the ecosystem, etc.). Also, investors have long speculated on the repercussions that a successful (or failed) evolution would have on the price of the token. This thanks to “futures”!
>> Knowing where the Ethereum price is going can pay off big on Bitget (commercial link) <<
However, if the update was successful, many remain convinced that its impact is not yet definitely priced. Two schools clash. Some anticipate flipping, with an ether that would overtake bitcoin in terms of total market capitalization. Others, however, put their finger on centralization problems related to the very nature of the famous “Proof of Stake” (PoS).
One thing is sure : the price of Ether has not finished evolving !
Whatever your point of view on the question, BitGet offers you a range of financial products tailored to make the most of the consequences of this event on the market.
Futures on Bitget
The specifics of the exchange
Bitget has therefore made a specialty of these futures (known as “futures contracts”) in their “perpetual” version. These products are well known to traditional finance. They allow two parties to buy (or sell) an asset at a price fixed in advance. All the documentation on this offer is available here.
Unlike classic futures contracts, perpetual contracts have no expiration date, and the market is incredibly liquid. Indeed, trading perpetual futures is attractive because it does not require constant monitoring of the spot market. In addition, it entails less cost by eliminating the need to own the real assets since here, only their token value matters.
To find them, go to the ” Futures of the platform.

Test version and collaterals
Bitget has thought of everything by offering test versions (2) with fictitious funds for novice users. This is to allow them to practice before moving on to the real versions (1).
The platform thus offers you 2 options concerning the collateral used to maintain your positions open, stable or volatile:
- Stablecoins: USDT, USDC
- Volatile tokens: BTC, ETH, XRP, EOS, BCH, LTC, UNI, LINK
Being able to use the cryptos you have in your wallet as collateral is an innovation from Bitget. This allows to trade of the future while maintaining exposure to your favorite tokens. Your winnings are also credited to you in this collateralised currency.
For the more experienced among you, Bitget of course offers the possibility of applying leverage to your positions. Here we need to launch a serious warning. While the multiplier can work wonders when the market follows your forecast, it can also wreak havoc when prices reverse. You must therefore use them knowingly, and on amounts that you can afford to lose.
Here are the maximum authorized leverages according to the available pairs:

Example of setting up a LONG on ETH
Suppose the success of The Merge leads you to think for sure that ETH is going to explode and you want to take advantage of it. You then buy ETH on the spot market to take advantage of the rise.
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Bitget offers you the possibility to use your ETH to open what is called a LONG. In other words, you are going to bet on the rising price of Eth. To do this, go to the ” Coin – M Futures “. In this tutorial, the demo tool is used (the tokens have an S in front of their name to show that they are fictitious, but the implementation is in all respects identical to a real trade).

Start by displaying the pair ETH/USD on screen (1). You can view your ETH holdings by selecting the pair at the bottom right (2).

Securing futures capital on Bitget
To avoid losing all your capital in the event of liquidationyou must select ” isolated (3). If you choose ” crossed » all of your cryptos on bitget will serve as collateral in the event of a trend reversal. A situation that is not uncommon in a current context of rapid and brutal movements. At the writing of these lines, it seems to us that an example of SHORT, to take advantage of the downward movement, would perhaps have been more judicious. Will this observation still be relevant when it is published? Nothing is less sure …
If you want to apply leverage, fully aware of the risks this represents, you can select it at the top right (4). For our example, the leverage selected is x5.
The cursor (5) is used to quantify the percentage of your ETH that you want to use to open your position (here 100%).
You must confirm the opening of your order with the button (6). Here the equivalent of 31.5 ETH (leverage of x5 on a margin of 6.31 ETH).

You will then have to wait until it is completely over to see your position appear (1). You can then select key levels (2) for which you want to take profits or limit your losses.

It is advisable never to open such positions without taking great precautions. Indeed, we see here that the liquidation price is not very far from the current price (3). A small variation could be enough to liquidate you, and you would have lost your entire bet. To avoid this, you can reduce the leverage, or increase the capital serving as margin with the button (4).
Thus, many options are offered and it is advisable to get your hands on the dummy tokens to fully explore the protocol before you start with real tokens.
Bitget, futures, the final word
As you will have understood, Bitget is aimed at all crypto investors, from the most expert to the very beginners. If you are used to futures, there is no doubt that Bitget will meet your expectations because of the simplicity of its interface as well as the quality and quantity of the products offered. If you are a beginner, the platform provides you with a lot of educational content and offers you a risk-free implementation thanks to dummy accounts in order to get your hands on it. Attention that is all too rare in an ecosystem where many people have lost large sums of money through inexperience. Bitget has therefore decided tocontribute to the building of a secure DeFi and efficient. It’s up to you to reap the rewards that “The Merge” is sure to bring to your journey as an investor. Good trade!
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Are you looking for a platform that offers you a wide variety of services, trading tools, and digital assets, while avoiding the dangers? This rare pearl exists! wait no longer for you create an account on Bitgetthe reference Bitcoin and crypto exchange (commercial link).
Be careful though: trading with leverage is not to be taken lightly. earnings, just like the losses, can be considerable… and very fast! CFDs are complex instruments and come with a high risk of losing capital rapidly due to leverage. 74% of retail investor accounts lose money when investing in CFDs. Thus, you need to make sure that you understand how CFDs work and can afford to take the high risk of losing your money.