Bitget Spot Margin Announcement on Suspension of SLERF/USDT Margin Trading Services
On September 29, 2025, Bitget will officially suspend margin trading services for the SLERF/USDT trading pair. This announcement details the various changes and necessary actions for users holding positions in this trading pair.
Key Details of the Announcement
- Suspension of Trading Pair: The trading pair SLERF/USDT will be removed from Bitget’s platform, and all related trading functions will be closed at 09:00 UTC on the aforementioned date.
- Impact on Users:
- All borrowing and lending features for SLERF/USDT will cease.
- Bitget will automatically liquidate any positions that remain open at the time of suspension.
- Users currently holding positions in SLERF/USDT are strongly advised to act before the deadline to minimize potential losses.
Action Steps for Users
Bitget urges users to execute the following actions:
- Close Positions: If you have open positions with SLERF/USDT, please close them prior to the suspension.
- Withdraw Orders: Cancel any pending orders related to SLERF/USDT.
- Repay Loans: Ensure all margin accounts are settled to prevent automatic liquidations, especially in a cross-margin scenario.
- Transfer Funds: Move funds related to SLERF/USDT to your spot account to ensure accessibility.
These proactive measures will help users avoid financial losses as the trading pair is delisted.
Understanding Margin Trading Risks
Market Volatility
Cryptocurrencies are known for their volatility. Engaging in margin trading involves higher risks, including:
- Increased potential for liquidation of margins based on market movements.
- Losses can exceed initial investments,
- Therefore, users must be vigilant and have appropriate risk response strategies prepared.
Risk Disclaimer
The information provided in this announcement does not constitute financial or investment advice. Users are responsible for their trading decisions.
Conclusion
Bitget appreciates the support of its trading community. The suspension of SLERF/USDT margin trading is aimed at maintaining market stability and protecting our users’ interests. For ongoing updates, please follow our official communication channels.