In December 2024, Seychelles witnessed a significant event as BYDFi officially announced the completion of the upgrade of its Perpetual Trading System. This upgrade not only enhanced core trading functionalities but also introduced three crucial functions of innovation and optimization, thereby comprehensively elevating users' trading flexibility and asset security. Let's delve into the details of these remarkable features.

"Enhancing Trading with BYDFi's Upgraded System"

Unrealized Profits for New Positions

Traders now have the ability to utilize unrealized profits as margin to open new positions promptly, without the need to wait for the current position to close. By immediately reinvesting potential gains, users can maximize fund efficiency and respond more nimbly in volatile market conditions. For instance, imagine a trader who has witnessed a significant upward movement in a particular asset. With this feature, they can quickly capitalize on that potential and open a new position, leveraging the unrealized profits. This allows for more dynamic trading and better utilization of available capital.Moreover, it provides an added advantage in situations where market trends are constantly changing. Traders can seize opportunities as they arise and adjust their positions accordingly, increasing their chances of success.

Hedging for Long-Short Positioning

The new hedging function offered by BYDFi sets it apart from the previous Two-Way Positioning Feature. Users can now hold both long and short orders in the same trading pair with ease, enabling them to achieve risk hedging and income locking. Whether dealing with severe market volatility or when the trend remains uncertain, hedging operations become a valuable tool.For example, during a period of market uncertainty, a trader can hedge their long position by taking a short position in the same asset. This helps to safeguard their portfolio against potential losses due to market fluctuations. It provides a sense of stability and allows traders to manage risk more effectively.

Cross Margin Mode: Shared Funds for Reduced Liquidation Risks

In Cross Margin mode, all the funds in the user's account are pooled together to provide mutual support for multiple positions. This eliminates the need for users to manually input margin for each trade, as the system automatically distributes funds across all open positions. As a result, the risk of a single position causing a significant blowout is reduced, and the overall stability of the account is enhanced.Let's consider a scenario where a user has multiple positions in different assets. With Cross Margin mode, the funds are shared among these positions, providing a more flexible and secure trading environment. Even if one position experiences a temporary setback, the other positions can still be supported by the shared funds, minimizing the impact on the overall account."How to Access These New Features"The upgraded perpetual contract system is now live. Users can simply log in to BYDFi and enter the perpetual trading interface to explore and try out the new features. Additionally, the optimized welcoming interface makes trading a seamless experience. For any queries or issues, detailed guides in the Help Center or through online customer service are readily available to assist users.Users can visit the BYDFi website or download the "BYDFi App" to obtain more detailed information and stay updated with the latest developments.About BYDFiRenowned as one of Forbes' Top 10 Best Crypto Exchanges, BYDFi enjoys the trust of millions of users worldwide and is recognized by top industry authoritative media such as CoinMarketCap and CoinGecko. It currently supports over 600 tokens for spot trading, offering leverage options from 1x to 200x to suit every investment strategy. Its integration with leading global payment providers like Banxa, Transak, and Mercuryo simplifies the purchase of cryptocurrencies, making it accessible and cost-effective for investors.Soon, "BYDFi Copy Trading" will enable users to effortlessly copy the strategies of top traders with just one click on the synchronized operation. BYDFi is committed to providing users with a world-class crypto trading experience, helping them build their dream finance.ContactSenior Media Director ChloeBYDFi Fintech LTDchloe@bydfi.com