Singapore, November 19th, 2024 – The fastest-growing cryptocurrency derivatives exchange Bitunix has launched Hedge Mode, a new feature to reduce risk by enabling users to hold both long and short positions on the same asset at once.

“Hedge Mode is a game-changer,” said Arron Lee, CEO of Bitunix. “We built this for traders who want to play smart and stay sharp. Now you can ride the market waves and cover your back at the same time. It’s all about giving you the power to win, no matter which way the market swings.”

Unlike the traditional “One-Way Mode,” where traders can hold only one position in one direction for a trading pair, Hedge Mode allows holding both short and long directions at the same time. For example, a trader expecting Bitcoin’s price to rise can open a long position while also maintaining a short position as a hedge, reducing the impact if the price goes down.

This feature is designed for beginners as well as for experienced traders. It allows traders to improve risk management and gives them more flexibility by enabling them to open opposite positions on the same asset, providing more control over their trading strategies. Experienced traders can also specifically use Hedge Mode for more complex strategies such as hedging, arbitrage, or risk mitigation.

In October, the crypto market experienced a significant downturn, resulting in over $1 billion in liquidations across derivatives platforms hitting over 278,000 traders according to Crypto Briefing. This emphasizes the high risk traders face in volatile conditions and it highlights the importance of risk management tools like the new Hedge Mode being introduced by Bitunix.

The exchange has launched Hedge Mode in the wake of a series of innovative feature launches. As part of its broader mission to equip traders with advanced tools for navigating the complexities of the cryptocurrency market, Bitunix has also recently launched a feature to prevent price manipulation on the platform. This feature protects users by automatically cancelling any orders that can move market prices by more than 5%.

For more information about Hedge Mode, visit Bitunix’s website or watch the tutorial on the company’s YouTube channel.

Bitunix is a global cryptocurrency derivatives exchange founded in 2021, committed to offering simple, secure, transparent, and cost-effective trading services to its users. Bitunix specializes in both spot trading and perpetual futures, with over 250 trading pairs and leverage of up to 125x.

With features such as top-tier liquidity, 24/7 customer support, and a strong commitment to regulatory compliance, Bitunix remains at the forefront of providing a reliable trading experience for the global crypto community. Bitunix has attracted more than 1,000,000 users from over 100 countries, facilitating a daily trading volume exceeding $1 billion on its platform.

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