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Bitget adjusts ADL execution price to mark price for improved risk management
Bitget has updated the execution price for ADL (Auto-Deleveraging) events triggered by the insurance fund account, setting the counterparty execution price to the mark price at the time of execution as part of its risk management process.
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Bitget has announced an adjustment to the execution price mechanics for Auto-Deleveraging (ADL) events initiated by the insurance fund account. Following this change, the execution price for the counterparty in such events will be set according to the mark price at the time of execution.
The update is described as part of Bitget's risk management mechanism. No additional details about the scope or implementation of this adjustment were provided in the announcement.
Bitget is a cryptocurrency exchange offering trading in spot and futures instruments, with support for a variety of digital assets such as BTC, ETH, LTC, and USDT. The platform is accessible via web and mobile applications, provides demo accounts, allows for algorithmic trading, copy trading services, and supports both crypto and fiat deposits and withdrawals. For a detailed overview of features and conditions, see the broker profile on Traders Union.
In our earlier news, we reported on Bitget's announcement of a $1,000 giveaway tied to an X Space event. For further details, see the previous Bitget update on Traders Union.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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