Tony Kim
Sep 5, 2024 02:15
BitMEX will launch a new POLUSDT perpetual swap contract with up to 10x leverage on September 5, 2024.
Leading cryptocurrency derivatives exchange BitMEX announced the listing of a new POLUSDT perpetual contract on September 5, 2024 at 04:00 UTC. According to the BitMEX blog, the new product will allow traders to leverage their positions by up to 10x.
POLUSDT Listing Details
The POLUSDT perpetual contract will be tradable based on the index components. BitMEX said it will notify traders via site announcements and social channels when the contracts are launched. The move is part of BitMEX’s broader strategy to support the Polygon network migration.
Polygon Network Migration
BitMEX has been actively involved in the Polygon network migration. The exchange has encouraged users to withdraw MATIC (ERC-20) tokens from their BitMEX wallets. More information about the migration can be found on the BitMEX website.
Market impact
The introduction of POLUSDT perpetual contracts is expected to attract significant interest from traders looking to take advantage of the volatility and growth of the Polygon ecosystem. The 10x leverage option provides traders with the opportunity to amplify potential profits despite increased risk.
conclusion
BitMEX continues to expand its product offerings to meet the changing needs of cryptocurrency traders. The listing of POLUSDT perpetual contracts is in line with the exchange’s efforts to support blockchain innovation and provide diverse trading opportunities.
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