Blockchain
BitMEX launches the BLASTUSDT Perpetual Swap with 10x leverage
BitMEX, a leading cryptocurrency exchange, has announced the upcoming listing of a new perpetual swap: BLASTUSDT. According to BitMEX Blogthe new quote will be available for trading starting June 27, 2024 at 04:00 UTC, offering traders up to 10x leverage.
Details of the new listing
The BLASTUSDT perpetual swap will begin trading based on the index constituents. BitMEX said traders will be notified via on-site announcements and social media channels once the quote is published. This new addition aims to provide traders with more options and leverage opportunities in the ever-changing cryptocurrency market.
Trading and leverage
The introduction of the BLASTUSDT perpetual swap with up to 10x leverage allows traders to potentially amplify their returns. However, it also comes with increased risk, making it essential for traders to use solid risk management strategies.
Market impact and expectations
This new listing is expected to attract significant interest from both retail and institutional investors. Perpetual swaps are a popular derivative product in the cryptocurrency market, which offers traders the ability to speculate on the price of an asset without directly owning it. By adding BLASTUSDT to its offering, BitMEX continues to expand its product suite to meet the diverse needs of its user base.
For more detailed information on the listing, traders are welcome to visit the official announcement on the site BitMEX Blog.
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