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Recently, BIT's U.S. stock margin trading feature has officially launched for public beta. This is likely the first platform in the entire crypto brokerage sector to successfully implement margin trading functionality.
Personally, I believe margin trading is a more moderate way to leverage compared to crypto futures contracts. On one hand, it can amplify investment returns and accelerate capital turnover efficiency, allowing you to seize short-term trading opportunities even when fully invested. On the other hand, margin trading has lower leverage multiples, significantly reducing the risk of liquidation.
Most traditional brokers we commonly use now have margin trading and short selling capabilities. With the launch of margin trading, BIT is directly benchmarking the capabilities of legitimate U.S. stock brokers, rather than just being a derivative player in the crypto space.
During the first month after BIT's margin trading launch, there is also an interest-free promotion: no interest on intraday opening and closing positions, and no interest on overnight positions under $20,000. This is even more cost-effective than traditional brokers. If you're using BIT, you can go and activate it to give it a try.
At present, one drawback of BIT is that it has not yet introduced U.S. stock options trading. I hope they can quickly add this feature.