Bitget Launches UEX Futures League
Bitget recently announced the initiation of an expansive trading competition, the UEX Futures League, with a total prize pool of 240,000 USDT. This innovative league uniquely integrates crypto futures trading with traditional market contracts for difference (CFDs), allowing participants to engage through a single trading account.
Competition Structure
Designed as a team-centric event, the league ranks competitors based on their return on investment (ROI). In an exciting addition to this initiative, Bitget has also revealed plans for the UEX Global Alpha Tournament, set to take place in August, which will offer participants an immersive esports trading experience and an all-expenses-paid trip to a yet-to-be-disclosed location in Southeast Asia.
The competition unfolds in two distinct phases: the crypto futures segment runs from June 1 to June 30, followed by the CFD round from July 1 to July 31, with each round featuring a 120,000 USDT prize pool. The top eight teams from both rounds will advance to the UEX Global Alpha Tournament, where the leading traders from each team will participate in live trading sessions with the goal of securing the championship title.
CEO’s Vision
Gracy Chen, CEO of Bitget, emphasized the social and competitive aspects of trading, stating that the UEX Futures League enhances the traditional trading experience by encouraging teamwork and community representation.
This league marks a significant step in Bitget’s strategy to provide a versatile trading environment that combines various financial products including crypto, commodities, forex, and indices.
New Features and Regulatory Compliance
In conjunction with the UEX Futures League, Bitget has launched its Stock+ feature, allowing users to purchase actual U.S. stocks using cryptocurrency. This process involves converting digital assets into Circle’s USDC stablecoin prior to the stock transaction, distinguishing it from synthetic stock products. Stock+ allows crypto users to engage with U.S. equities during pre-market, regular, and after-hours trading sessions, thus circumventing the need for separate banking or brokerage services.
On the regulatory front, Bitget’s European branch has submitted an application to Austria’s Financial Market Authority to be recognized as a crypto-asset service provider under the new Markets in Crypto-Assets Regulation (MiCAR). As this application undergoes review, Bitget assures users that access to its global offerings remains intact under current legal agreements.
Overall, Bitget is positioning itself to enhance its trading platform while maintaining a focus on cryptocurrency and regulatory compliance, reflecting its commitment to fostering multi-market accessibility and community-focused trading.
