BexBack Launches 100x Leverage Crypto Futures Platform
BexBack, a Singapore-based cryptocurrency derivatives platform, has launched a new crypto futures trading service offering up to 100x leverage, a 100% deposit bonus, and a $50 welcome bonus for new users—all without requiring Know Your Customer (KYC) verification. This initiative aims to provide traders with enhanced opportunities to capitalize on the volatile crypto market, especially as Bitcoin's price hovers above $100,000.
The 100x leverage feature allows traders to control positions significantly larger than their initial capital. For instance, with Bitcoin priced at $100,000, a trader using 100x leverage can control a position worth 100 BTC with just 1 BTC of capital. If the price increases to $105,000, this position could yield a profit of 5 BTC, representing a 500% return. The 100% deposit bonus further amplifies trading power by doubling the user's margin, which can help reduce liquidation risks during market volatility.
BexBack's platform supports futures contracts for over 50 cryptocurrencies, including BTC, ETH, ADA, SOL, and XRP. It offers features such as zero spreads, no slippage, and 24/7 multilingual customer support. The platform also provides a demo account with 10 BTC and 1 million USDT in virtual funds for users to practice trading strategies. With offices in multiple countries and a user base exceeding 500,000 traders worldwide, BexBack aims to make high-leverage crypto trading accessible to a global audience.
