BlockBeats News, June 23rd, BIT (formerly Matrixport) announced the official launch of Margin Trading on US stocks, and will start public testing on June 26th. BIT is the first platform in the crypto industry to open margin trading, and users can now submit margin applications through the official website or APP. BIT will review based on account conditions and risk management requirements, gradually opening up margin limits.

In addition, functions such as stock borrowing are also in preparation and will be gradually rolled out according to regulatory requirements and product developments.

During the public testing period, BIT will also launch the "First Margin Loan · Zero Interest for a Limited Time" and "Interest Cashback Gift" activities: users who use margin for the first time during the event period will enjoy zero interest on the first loan for 30 days, allowing users to experience the fund efficiency of leverage with zero interest.

Elio Cui, Head of Brokerage Business, said: "BIT is the first to provide margin trading, completing the customer's journey from account opening, trading to fund leverage. This allows BIT customers to improve investment efficiency without relying on bank cards, without leaving the digital asset ecosystem, and take the lead in laying out the world's most wealth-effective assets."

BIT also reminds users that while margin trading enhances fund utilization efficiency, it also comes with corresponding risks. Users should fully understand the margin rules and risk control mechanisms, and participate prudently based on their risk tolerance.