BitMEX, a cryptocurrency derivatives exchange, has enhanced its Bitcoin perpetual swap XBTUSD leverage to 250x, a notable increase from the previous 100x. This adjustment anticipates the heightened volatility surrounding the upcoming Bitcoin halving event.
Responding to trader demand to capitalize on the anticipated market fluctuations, BitMEX aims to provide enhanced opportunities for traders to profit in the current bullish market. Stephan Lutz, CEO of BitMEX, emphasized the company’s commitment to offering timely products to enable traders to maximize their returns.
The perpetual swap product offered by BitMEX allows traders to take substantial positions in Bitcoin with minimal initial capital. The exchange’s deep liquidity and backed Insurance Fund provide added security and protection for traders and their assets.
BitMEX’s XBTUSD perpetual swap has witnessed significant trading volume, exceeding US$3 trillion on the platform alone, reflecting the platform’s popularity among cryptocurrency traders.
In addition to the increased leverage for Bitcoin perpetual swaps, BitMEX has introduced a new perpetual contract, XAUtUSD, featuring Tether Gold (XAUt). This contract offers a leverage of 25x and enables traders to speculate on the XAUt/USD exchange rate without directly handling XAUt or USD.
The launch of XAUtUSD expands BitMEX’s product offerings, providing traders with additional opportunities to diversify their portfolios and trade cryptocurrency-backed assets like Tether Gold.