Felix Pinkston
Dec 24, 2024 06:45
BitMEX has launched new perpetual swap listings for HYPEUSDT, FARTCOINUSDT, and HIVEUSDT, providing merchants as much as 50x leverage alternatives on these cryptocurrency pairs.
Cryptocurrency buying and selling platform BitMEX has expanded its choices by introducing new perpetual swap contracts for HYPEUSDT, FARTCOINUSDT, and HIVEUSDT, based on BitMEX. As of December 24, 2024, merchants can now have interaction in lengthy or brief positions on these cryptocurrency pairs with leverage choices reaching as much as 50x.
New Buying and selling Alternatives
The introduction of those contracts permits merchants to take a position on the worth actions of HYPE, FARTCOIN, and HIVE, offering alternatives to capitalize on each rising and falling markets. These listings are a part of BitMEX’s technique to supply diversified buying and selling choices to its customers, catering to each seasoned merchants and people new to the cryptocurrency market.
Contract Specs and Buying and selling Particulars
Every of the brand new listings—HYPEUSDT, FARTCOINUSDT, and HIVEUSDT—comes with detailed contract specs accessible on the BitMEX platform. Merchants can assessment these specs to grasp the phrases and circumstances related to every swap earlier than participating in trades.
BitMEX has offered direct hyperlinks for buying and selling every of the newly listed pairs:
Commerce HYPEUSDT right here
Commerce FARTCOINUSDT right here
Commerce HIVEUSDT right here
These choices are anticipated to draw a variety of merchants searching for high-leverage choices to maximise their buying and selling methods.
Market Context and Aggressive Panorama
The launch of those perpetual swaps comes amid growing competitors amongst exchanges to supply modern monetary merchandise that cater to a various buying and selling neighborhood. Perpetual swaps are significantly common within the crypto market resulting from their flexibility in comparison with conventional futures contracts, as they don’t have an expiration date, permitting merchants to carry positions indefinitely.
BitMEX’s transfer so as to add these new pairs is a strategic step to take care of its place within the aggressive crypto derivatives market, which has seen vital progress and curiosity from institutional and retail buyers alike.
For extra info on the brand new listings and buying and selling choices, go to the official announcement on the BitMEX weblog.
Picture supply: Shutterstock
