New XBT futures contract expiring in October 2024 to be listed on BitMEX 🚀

Exciting News for Crypto Traders: BitMEX Launches New XBT Futures Contract 🚀

BitMEX, a well-known cryptocurrency derivatives exchange, has recently introduced a new XBT futures contract. This contract, underlined and margined in Bitcoin (BTC), is set to be available starting August 27, 2024, at 04:00 UTC. Traders can take advantage of this new opportunity until its expiration on October 25, 2024.

New Contract Specifications

The XBT futures contract comes with several key specifications:

Scheduled to expire on October 25, 2024 📆
Margined in Bitcoin
Cash-settled
Offers up to 100x leverage 💪
75 XBT risk limit

If you’re interested in exploring the features of this new contract, you can access it on the BitMEX Testnet. This allows you to review the specifications and test the platform’s capabilities before its official launch. The contract is currently labeled as ‘Unlisted’ on the main platform for users to familiarize themselves with it.

Impact on the Market

The addition of the new XBT futures contract is a strategic move by BitMEX to expand its product range and provide traders with more choices for managing their Bitcoin exposure. The high leverage offered could attract traders looking to amplify their positions within the market.

BitMEX has established itself as a key player in the cryptocurrency derivatives sector, known for its innovative products and strong trading infrastructure. This new contract aligns with the exchange’s commitment to staying competitive in the dynamic crypto landscape.

If you have any questions or require more information, feel free to reach out to BitMEX support through their official support page.

Hot Take: Opportunity Knocks! 🌟

Don’t miss out on this chance to explore BitMEX’s latest XBT futures contract. With unique features and high leverage, this opportunity could enhance your trading experience and offer new possibilities for managing your Bitcoin investments. Stay informed, stay ahead, and seize the potential benefits this new contract brings to the table. Happy trading!