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Home»ADOPTION NEWS»BitMEX launches VELOUSDT perpetual swap with 50x leverage
ADOPTION NEWS

BitMEX launches VELOUSDT perpetual swap with 50x leverage

By Crypto FlexsDecember 16, 20242 Mins Read
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BitMEX launches VELOUSDT perpetual swap with 50x leverage
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Louisa Crawford
December 16, 2024 03:30

BitMEX announced the launch of the VELOUSDT perpetual swap, which offers traders up to 50x leverage. The new list will be available from December 16, 2024.





Leading cryptocurrency exchange BitMEX will expand its trading services by introducing a new perpetual swap for VELOUSDT. According to BitMEX, the listing, which will list on December 16, 2024 at 04:00 UTC, will allow traders to engage in highly leveraged trading with the opportunity to leverage up to 50x their positions.

New opportunities for traders

The addition of VELOUSDT to BitMEX’s trading platform represents a significant opportunity for traders looking to take advantage of VELO’s volatility. The perpetual swap format allows users to hold positions indefinitely with no expiration date, providing more flexibility in trading strategies.

Understanding Perpetual Swaps

A perpetual swap is a type of derivative that mimics the margin-based spot market but has no expiration or settlement. Unlike traditional futures contracts, perpetual swaps trade close to the price of the underlying reference index due to mechanisms such as funding rates. The introduction of the VELOUSDT perpetual swap provides traders with a tool to hedge or speculate on the price movements of VELO with significant leverage.

Market Impact and Future Outlook

The launch of the VELOUSDT perpetual swap is expected to improve liquidity and increase trading volume on BitMEX. As more traders participate in this new product, VELO’s price discovery and market efficiency may improve. This move is consistent with BitMEX’s strategy to expand its derivatives offerings and meet the growing demand for a variety of trading instruments in the cryptocurrency market.

For more information about the new listing, interested parties are encouraged to visit the BitMEX official blog.

Image source: Shutterstock


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