BitMEX Boosts Bitcoin Perpetual Swap Leverage to 250x to Support Traders During Halving Volatility

BitMEX Increases Leverage on Bitcoin Perpetual Swap

Crypto derivatives exchange BitMEX has raised the leverage on its Bitcoin perpetual swap XBTUSD from 100x to 250x in preparation for the upcoming Bitcoin halving event. This move aims to cater to traders looking to capitalize on the expected market volatility surrounding the halving.

What is a Perpetual Swap?

A perpetual swap is a type of derivative trading product that allows traders to take large positions in a cryptocurrency with minimal initial capital investment.

CEO’s Statement

Stephan Lutz, CEO of BitMEX, emphasized the importance of offering increased leverage to help traders maximize their profits during bullish market conditions.

BitMEX’s Future Outlook

BitMEX, which introduced 100x leverage for perpetual swaps in 2016, is optimistic about the prospects for 2024 and is committed to providing innovative products to benefit crypto traders.

Enhanced Trading Environment

BitMEX’s deep liquidity and backed Insurance Fund provide traders with the ability to execute larger trades with higher leverage while ensuring enhanced protection for their assets.

Introduction of XAUtUSD Perpetual Contract

In a recent development, BitMEX has launched a new perpetual contract, XAUtUSD, featuring Tether Gold (XAUt) with a leverage of 25x. Tether Gold is a digital asset backed by physical gold, offering a secure and transparent way to trade gold on the blockchain.

Key Features of XAUtUSD Trading

• Trading of XAUtUSD began recently with a fixed Bitcoin multiplier, independent of the XAUt/USD price.
• Traders can speculate on the XAUt/USD exchange rate without directly holding XAUt or USD.