Bitget Launches $2M Interest-Free Loans to Boost Altcoin Market Liquidity

Core Insights - Bitget has launched an Institutional Financing Program offering zero-interest loans to market makers focused on altcoin trading, allowing qualified participants to borrow up to 2 million USDT [1][2] - The program aims to enhance liquidity in smaller-cap tokens, addressing challenges in the altcoin market [3][4] - The initiative is designed to be more accessible than existing programs, with a reduced qualification requirement [2][6] Group 1: Program Details - The financing program runs from November 1, 2025, through January 31, 2026, and requires participants to meet 50% of the exchange's standard monthly trading volume benchmarks [1][5] - Bitget's loan infrastructure supports up to 5x leverage on borrowed capital, which is competitive compared to other exchanges [5][6] - The program is open to professional quantitative trading firms and market makers specializing in altcoin pairs, with a more lenient volume threshold than Binance's offerings [6] Group 2: Market Context - The altcoin market currently faces challenges such as fragmented market depth and volatile spreads, with the Altcoin Season Index at 27 out of 100 [4] - The CMC Crypto Fear and Greed Index also reflects fear in the broader market, registering at 27 [4] - The program is expected to alleviate pressure from $312 million in token unlocks through November 10, which could impact trading conditions [4]