BitMEX Launches VELOUSDT Perpetual Swap with 50x Leverage

BitMEX has unveiled a new trading opportunity for cryptocurrency enthusiasts with the launch of the VELOUSDT perpetual swap. As of December 16, 2024, traders can engage in transactions with up to 50x leverage, according to BitMEX. This development marks a significant addition to the platform's derivative offerings, providing users with enhanced leverage options.

Trading Details

The VELOUSDT perpetual swap began trading at 04:00 UTC, allowing users to capitalize on market movements with significant leverage. The introduction of this new swap aligns with BitMEX's strategy to expand its product lineup, catering to an increasing demand for diverse trading instruments among its user base.

Contract Specifications

The detailed contract specifications for the VELOUSDT swap are available on BitMEX's official site, offering traders comprehensive information to make informed decisions. These specifications include crucial details that traders need to understand before engaging in high-leverage trading.

Market Context

The launch of VELOUSDT perpetual swap comes at a time when the cryptocurrency derivatives market is witnessing substantial growth. With the rise in popularity of perpetual swaps, exchanges like BitMEX are continuously innovating to meet the evolving needs of traders. The ability to trade with leverage allows for potential higher returns, albeit with increased risk, which is a significant draw for experienced traders.

As BitMEX continues to expand its offerings, the introduction of VELOUSDT perpetual swap is expected to attract both seasoned traders and those looking to explore new opportunities in the crypto derivatives market.