BitMEX, a leading cryptocurrency exchange, announced the listing of BLASTUSDT, a new perpetual swap. According to the BitMEX blog, the new listing will be available for trading from 04:00 UTC on June 27, 2024, and offers traders up to 10x leverage.
New listing details
BLASTUSDT perpetual swap initiates trading based on index components. BitMEX said it would notify traders through site announcements and social media channels once the listing begins. This new addition aims to provide traders with more options and leverage opportunities in the ever-evolving cryptocurrency market.
Transaction and Utilization
By introducing the BLASTUSDT perpetual swap with up to 10x leverage, traders can potentially amplify their profits. However, risks also increase, so it is essential for traders to use sound 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 popular derivatives in the cryptocurrency market, giving traders the ability to speculate on the price of an asset without owning it directly. BitMEX continues to expand its product line to meet the diverse needs of its user base by adding BLASTUSDT to its offering.
For more information about the listing, please visit the official announcement on the BitMEX blog.
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