The Singapore-based crypto trading platform has inked a partnership with stablecoin issuer Circle.
Derivatives exchange Bitget is set to become one of the first exchanges to list USD Coin (USDC) as collateral for trading crypto derivatives.The development comes courtesy of a strategic collaboration between the Singaporean crypto derivatives trading service and USDC stablecoin issuer Circle, as reported by Crowdfund Insider on Monday.Bitget will support USDC margin for Quanto Swap Contract trading as part of the partnership, a move the exchange says will provide more liquidity for the market. USDC now joins Bitcoin (BTC), Ether (ETH), EOS, and XRP as accepted margins for Quanto Swap contracts.Bitget launched Quanto Swap contracts back in April allowing traders to utilize one or more cryptocurrencies as margins for cross-currency trades. Quanto Swaps are said to solve the issues related to inverse contracts as well as Tether (
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