Executive Summary
Bitget has expanded its derivatives market by listing U-margined perpetual contracts for EVAA, APR, TURTLE, and MET, offering up to 50x leverage and promotional airdrops to stimulate trading activity.
The Event in Detail
Bitget announced the listing of U-margined perpetual contracts for EVAA, APR, TURTLE, and MET. These new offerings provide traders with increased exposure to these digital assets through leveraged positions. The maximum leverage for EVAA, APR, and TURTLE perpetual contracts is 50x, while the MET perpetual contract offers up to 25x leverage. This strategic expansion by Bitget includes a promotional incentive: a 30,000 USDT airdrop for users who complete specific MET contract trading tasks. This promotion is scheduled to conclude on October 30, 23:00 (UTC+8). Separately, Binance Futures launched EVAAUSDT perpetual contracts with up to 50x leverage on October 3, 2025, and APRUSDT perpetual contracts with up to 50x leverage on October 23, 2025. Binance also announced the launch of the TURTLE perpetual contract for October 22, 2025, with up to 50x leverage.
Financial Mechanics
The newly listed perpetual contracts on Bitget are U-margined, meaning USDT is used as the settlement asset. The leverage offerings are substantial, with EVAA, APR, and TURTLE contracts supporting up to 50x magnification, and MET contracts supporting up to 25x. These contracts operate on a 24/7 trading schedule with funding fee settlements occurring every four hours. For context, the EVAA token has a live market capitalization of approximately $45.42 million with a circulating supply of 6.62 million EVAA coins. The TURTLE token maintains a market capitalization of $34.12 million, with a circulating supply of 195 million TURTLE. Trading for APR spot and futures contracts commenced on Bitget and other exchanges, including a Launchpool offering 1,333,333 APR for locking BGB & APR between October 23 and October 25, 2025.
Business Strategy & Market Positioning
Bitget’s expansion into these perpetual contracts aligns with a broader strategy to diversify its product offerings and attract a wider user base interested in leveraged cryptocurrency trading. By listing these tokens with competitive leverage and incentivizing trading through airdrops, Bitget aims to increase its market share in the derivatives segment. This move is consistent with the platform
source:[1] Bitget Lists EVAA, APR, TURTLE and Other Perpetual Contracts (https://www.techflowpost.com/newsletter/detai ...)[2] Bitget has launched a U-based MET perpetual contract, with leverage ranging from 1 to 25x. (https://vertexaisearch.cloud.google.com/groun ...)[3] [Initial Listing] aPriori (APR) to be listed on Bitget Launchpool. Come and grab a share of 1,844,443 APR (https://vertexaisearch.cloud.google.com/groun ...)
Edgen Crypto·Oct 24 2025, 03:03
