BitMEX Launches ATHUSD Perpetual Swap with 10X Leverage
Tony Kim Aug 16, 2024 09:03
BitMEX introduces the ATHUSD perpetual swap, offering traders up to 10x leverage. The new listing is now live for trading.
Leading cryptocurrency exchange BitMEX has announced the launch of its latest trading product, the ATHUSD perpetual swap, providing traders with the opportunity to leverage their positions up to 10 times. This new listing is now available for trading, according to a recent post on the BitMEX Blog.
ATHUSD Perpetual Swap Details
The ATHUSD perpetual swap began trading on BitMEX at 04:00 UTC on August 15, 2024. This new derivative product is designed to track the price of ATH against the US dollar without an expiry date. Traders can access the full contract specifications directly on the BitMEX platform.
Leverage and Trading Opportunities
With the introduction of the ATHUSD perpetual swap, BitMEX continues to expand its suite of leveraged trading products. The 10x leverage feature allows traders to potentially amplify their gains, though it also comes with increased risk. Leveraged trading is a popular strategy among experienced traders looking to maximize their market positions.
Continuous Expansion
BitMEX's launch of the ATHUSD perpetual swap is part of its ongoing efforts to offer diversified trading options to its users. The exchange has been consistently adding new products and features to cater to the evolving needs of the cryptocurrency trading community.
Community Engagement
BitMEX has encouraged its users to visit their blog for more detailed information about the ATHUSD listing and other updates. Additionally, the exchange's support team is available for any inquiries related to the new trading product.
As the cryptocurrency market continues to grow, exchanges like BitMEX are playing a crucial role in providing advanced trading tools and opportunities for both new and seasoned traders.
Image source: Shutterstock