What is and How to Perform USDC-M Futures Trading?

[Estimated Reading Time: 4 mins]

This article explains USDC-M Futures Trading, a type of cryptocurrency futures trading on Bitget where settlements are made in USDC. The guide includes instructions for both the Bitget Mobile App and the Bitget Website to help you get started.

What is USDC-M Futures Trading?

USDC-Margined (USDC-M) Futures Trading is a type of cryptocurrency futures trading where USDC (USD Coin, a stablecoin pegged to the US Dollar) is used as both the settlement and margin currency. This trading mechanism allows users to engage in perpetual or quarterly futures contracts with all profits, losses, and collateral denominated in USDC.

Key Features of USDC-M Futures

• Stable Margin Currency: All profit, loss, and margin calculations are done in USDC, a widely used stablecoin pegged to the US Dollar.

• Perpetual Contracts: Trade perpetual contracts with no expiry date.

• Leverage Options: Offers flexible leverage to amplify trading positions.

• Hedging Capabilities: Hedge positions while maintaining stable collateral in USDC.

How to start USDC-M futures trading on Bitget Website?

Step 1: Navigate to the USDC-M Futures

1. Click on Futures in the top menu.

2. Select USDC-M Futures from the dropdown menu.

Step 2: Choose a Trading Pair

1. In the USDC-M Futures section, search for your desired trading pair (e.g., BTC/USDC, ETH/USDC).

Step 3: Configure Trade Settings and Place Your Order

1. Choose the Margin Mode:

• Cross Margin: Uses your entire account balance as collateral for all positions.

• Isolated Margin: Limits collateral to the specific position you open.

2. Click on Leverage and adjust the Multiplier for your trade.

3. Choose the Order Type

4. Enter the order details and select Open Long or Open Short based on your market expectations.

5. Confirm the order.

Step 4: Monitor and Manage Your Position

1. Navigate to the Positions tab in the trading interface to view open trades.

2. Use the Close button to exit your trade.

How to Start USDC-M Futures Trading on Bitget Mobile App?

Step 1: Navigate to the USDC-M Futures

1. Tap Futures on the bottom menu bar.

2. Select USDC-M to access the trading interface.

Step 2: Choose a Trading Pair

1. In the USDC-M Futures trading interface, search for and select your preferred trading pair (e.g., BTCPERP, ETHPERP).

Step 3: Configure Trade Settings and Place Your Order

1. Choose the Margin Mode:

• Cross Margin: Uses your entire account balance as collateral for all positions.

• Isolated Margin: Limits collateral to the specific position you open.Tap on Leverage to adjust the Multiplier for your trade.

2. Select the Order Type

3. Enter the order details and tap Open long (if you expect the price to rise) or Open short (if you expect the price to fall).

4. Confirm the order

Step 4: Monitor and Manage Your Position

1. Go to the Positions tab to track open trades.

2. Use the Close Position button to exit a trade when desired.

Important Tips for USDC-M Futures Trading

• Understand leverage risks: Higher leverage magnifies both profits and losses. Trade responsibly.

• Use TP/SL features: Set Take-Profit and Stop-Loss levels when placing your orders to automate exits based on predefined profit and loss thresholds.

• Monitor liquidation risks: Maintain a healthy margin ratio to avoid forced liquidation.

• Stay informed: Regularly check market trends and price movements to adjust your strategy.

FAQs

1. What is the minimum amount required for USDC-M futures trading?
   The minimum amount depends on the trading pair and margin requirements. Check the trading interface for specific details.

2. How does margin work in USDC-M futures?
   Margin is collateral deposited in USDC to maintain your positions. You can choose between Cross Margin and Isolated Margin modes.

3. What happens if my margin ratio falls too low?
   If your margin ratio drops below the maintenance level, your position will be liquidated.

4. Can I trade USDC-M futures on both the app and website?
   Yes, USDC-M futures trading is supported on both the Bitget app and website, with similar features.

5. Can I change leverage after opening a position?
   Yes, you can adjust leverage for open positions, but the changes affect risk and margin requirements.

Disclaimer and Risk Warning

All trading tutorials provided by Bitget are for educational purposes only and should not be considered financial advice. The strategies and examples shared are for illustrative purposes and may not reflect actual market conditions. Cryptocurrency trading involves significant risks, including the potential loss of your funds. Past performance does not guarantee future results. Always conduct thorough research, understand the risks involved. Bitget is not responsible for any trading decisions made by users.

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