Connect with us

Hi, what are you looking for?

Oracle of  Omaha SaysOracle of  Omaha Says

Editor's Pick

BitMEX Incrases Leverage to 250x on its Bitcoin Perpetual Swap to Benefit Traders Amid Halving Volatility

Crypto derivatives exchange BitMEX’s Bitcoin perpetual swap XBTUSD is now offering 250x leverage, up from 100x, ahead of Bitcoin halving.

The significant increase comes following requests from traders to profit from the anticipated volatility as halving approaches, the company said in a release shared to Cryptonews.

A perpetual swap is a type of derivative trading product that offers traders a chance to take on large positions in a cryptocurrency with little money down.

“With increased leverage of up to 250x for XBTUSD we want to ensure traders can capitalize the most on the bull market,” Stephan Lutz, CEO at BitMEX, noted.

BitMEX introduced 100x leverage for perpetual swaps in May 2016 and expects that 2024 would be a great year for BitMEX and crypto traders.

BitMEX aims to be at the forefront to create “timely products for crypto traders to make more money,” Lutz added.

Additionally, BitMEX’s deep liquidity on perpetual swaps will enable traders to place larger trades with higher leverage. Furthermore, the exchange’s trading environment has its Insurance Fund backed, for enhanced protection of traders and assets.

Per BitMEX’s data XBTUSD perpetual swap gained over US$3 trillion trading volume on the platform alone. The exchange also aims to offer additional rewards to users who engage in trading 250x perpetual contracts.

BitMEX’s New Perpetual Swap Featuring Tether Gold


In yet another latest move, BitMEX has announced a new perpetual contract – XAUtUSD – featuring XAUt (Tether Gold). This would begin with a 25x leverage.

Tether Gold is a crypto backed by physical gold, offering a blockchain-based way to buy, hold, and transfer gold ownership.

The trading of XAUtUSD started on Thursday, and has a fixed Bitcoin multiplier, regardless of the XAUt/USD price. “This allows traders to long or short the XAUt/USD exchange rate without ever touching XAUt or USD,” BitMEX announcement read.

The post BitMEX Incrases Leverage to 250x on its Bitcoin Perpetual Swap to Benefit Traders Amid Halving Volatility appeared first on Cryptonews.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    A former Republican legislative candidate who traveled to Washington for former President Donald Trump’s ‘Stop the Steal’ rally was arrested Friday and charged with...

    Latest News

    Abbe Lowell, Hunter Biden’s attorney, filed an ethics complaint Friday against Georgia Rep. Marjorie Taylor Green after she displayed censured nude photos of the president’s...

    Stock

    Even as U.S. inflation broadly cools, frozen vegetable prices are hot. The average shelf price for frozen veggies rose by 18% in the past year...

    Latest News

    President Biden has overruled the Pentagon and chosen Adm. Lisa Franchetti to lead the Navy, making her the first woman, if she’s confirmed, to...

    Disclaimer: Oracleofomahasays.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 Oracleofomahasays.com