Bitget Offers $2M Interest-Free Loans to Enhance Altcoin Liquidity
Bitget Launches Zero-Interest Loan Program for Altcoin Market Makers
- Bitget introduced a zero-interest loan program on Nov. 4, allowing market makers in altcoin trading to borrow up to 2 million USDT.
- Participants must meet 50% of Bitget's standard monthly trading volume benchmarks to qualify without paying interest.
- The program runs from Nov. 1, 2025, through Jan. 31, 2026, with reduced qualification requirements compared to past programs.
- Follows Binance's June launch of the Altcoin LiquidityBoost Program offering fee rebates instead of capital loans.
Addressing Altcoin Market Challenges
- Bitget CEO Gracy Chen emphasizes the importance of liquidity in smaller-cap tokens for a healthy crypto market.
- The Altcoin Season Index is at 27/100, indicating fewer than 25% of the top 100 altcoins outperform Bitcoin over 90 days.
- The CMC Crypto Fear and Greed Index registers at 27, showing fear in the market, with $312 million in token unlocks adding pressure.
Technical Requirements and Competitive Landscape
- Bitget supports up to 5x leverage on borrowed capital, surpassing Binance's 4x leverage.
- The platform uses a loan-to-value ratio system, triggering liquidation when LTV reaches or exceeds 90%.
- No collateral lockup is required; funds are accessible directly in borrower accounts.
- Open to professional quantitative trading firms and altcoin market makers, with a more accessible volume threshold than competitors.
- Aims to reduce capital costs for liquidity providers amidst Bitcoin's dominance potentially reaching 60% by November 2025.