Bitwells Exchange Launches 777 BTC Giveaway for Derivatives Traders
Leading cryptocurrency derivatives exchange Bitwells has introduced a 100 percent deposit match for new signups
Traders that deposit up to 10 BTC will receive a similar bonus amount from the programme
For the promotion, a total of 777 BTC have been set up in a financing pool.
A trader who deposits the maximum of 10 BTC will receive 20 BTC, whilst a user who deposits 1 BTC would receive a total of 2 BTC credited to their account
The Bitwells Exchange's offer is the most generous marketing campaign of its kind in the sector
How It Works
During a time when Bitcoin is trading at USD 20,000, a trader might open a long contract with 1 BTC
They would be able to open a contract worth 100 BTC if they chose to employ 100x leverage.
The profit would be (25,000 - 20,000) * 100 / 25,000 = 20 BTC, yielding a ROI of 2,000 percent, if the price of bitcoin rose to USD 25,000