BitMEX Launches TONUSDT Perpetual Swap with 10x Leverage
James Ding Aug 19, 2024 05:18
BitMEX has announced the listing of TONUSDT perpetual swap, offering traders up to 10x leverage. The new listing is now live on the platform.
BitMEX has unveiled its latest trading instrument, the TONUSDT perpetual swap, which is now available for trading with leverage of up to 10x, according to a recent announcement on the BitMEX Blog.
Details of the New Listing
The TONUSDT perpetual swap listing went live on August 19, 2024, at 04:00 UTC. This new financial product allows traders to leverage their positions up to ten times, thereby amplifying potential returns as well as risks. The listing is part of BitMEX's continuous efforts to expand its range of trading instruments and cater to the diverse needs of its user base.
Trading Features
Perpetual swaps are a type of derivative that, unlike traditional futures contracts, do not have an expiration date. This feature allows traders to hold their positions indefinitely, provided they meet the required margin requirements. The addition of TONUSDT to BitMEX's suite of perpetual swaps is expected to attract significant interest from traders looking to capitalize on market movements in the TON/USDT pair.
Market Context
The launch of the TONUSDT perpetual swap comes at a time when the cryptocurrency market is experiencing heightened volatility. Traders are increasingly looking for instruments that offer flexibility and leverage to maximize their trading strategies. BitMEX's introduction of high-leverage products such as the TONUSDT swap aims to meet this growing demand.
How to Trade
To start trading the TONUSDT perpetual swap, users can visit the BitMEX trading platform. The new listing can be accessed through the trading interface, where users can view real-time market data and execute trades. Detailed information about the product, including funding rates and margin requirements, is available on the BitMEX website.
For more details, visit the official BitMEX Blog.
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