Bitget launches Position Grids feature to automate buying and selling
Bitget launches Position Grids feature to automate buying and selling
Crypto exchange Bitget has expanded its trading arsenal with the release of the Position Grids feature.
Position Grids are spot/futures grid bots designed to automate buying low and selling high within a wide, system-defined price range. Leveraging Bitget's advanced grid trading bot technology, Position Grids evaluates and recommends the best options based on current asset prices, providing continuous profits in a 24/7 trading cycle.
According to Bitget's release note, the new feature is primarily aimed at medium- to long-term investors and is designed for both volatile and rising markets, as it offers a wider range of prices compared to traditional grids. Because Position Grids capitalize on market fluctuations, operate on a continuous basis, and are not subject to the emotional inputs common to investors, it always deliver profits to its users.
In addition, by supporting profit withdrawals, Position Grids have a flexible investment cycle, allowing users to meet urgent liquidity needs without loss. With a longer investment cycle, users have the flexibility to time their entry, locking in profits when prices rise and reducing position costs when prices fall. Buying low and selling high in the spot market ensures that users never have to worry about losing principal.
Position Grids provide an advantage in arbitraging market fluctuations, allowing you to profit even when prices are rising, making them suitable for all types of traders.
In addition to its unique features, the Position Grids feature has a full set of parameters that explain to users how to maximize their trading strategies.
"With the introduction of Position Grids, Bitget reaffirms its commitment to providing innovative tools for traders of all levels. This feature marks a significant step forward in improving the trading experience, which is in line with our commitment to make crypto trading accessible and provide everyone with a smarter way to trade," said Gracy Chen, Managing Director of Bitget.
It's worth noting that Bitget puts a lot of effort into empowering traders. The cryptocurrency exchange has already integrated Apple Pay and Google Pay, launched Elite Trader Private Mode for copy trading, an in-app self-custody wallet, and a new institutional fiat gateway.
Founded in 2018, Bitget is one of the world's leading crypto exchanges and a Web3 company focused on traders of all experience levels. The company is licensed in four countries and offers its own trading platform. Exchange's users can trade through both a web trading platform and a mobile app.
Read also: IOSCO presented recommendations on crypto market regulation.
