BitMEX Listing Shiba Inu And BONE Perpetual Contracts
Crypto exchange BitMEX has announced the listing of Shiba Inu (SHIB) and Bone ShibaSwap (BONE) perpetual contracts. This allows users to trade SHIB tokens and BONE with leverage on the platform.
Key Points:
– Users can trade SHIB tokens with up to 33x leverage and BONE in USD and USDT pairs with up to 5x leverage.
– The SHIBUSD product has a fixed Bitcoin multiplier, allowing traders to long or short the SHIB/USD exchange rate without directly touching SHIB or USD.
– The listing will be available from August 30.
– SHIB price has increased by 2% in the past 24 hours, with trading volume also seeing a 40% increase.
– BONE price is up 1% in the last 24 hours and 9% in a week.
– With the rise in Shiba Inu and BONE token holders after the Shibarium mainnet launch, prices are expected to increase in the long term.
Hot Take:
BitMEX’s listing of Shiba Inu and BONE perpetual contracts provides an opportunity for crypto traders to leverage these tokens. With the recent increase in SHIB and BONE prices, as well as growing interest among traders, the long-term outlook for these tokens looks promising.
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