Bitmex starts Vineusd Perpetual Swap with a 50x leverage.

Bitmex, a major platform for Cryptocurrency derivatives trading, announced that it will add a new permanent exchange list of VINE designated as Vineusdt. This new financial product is available on January 24, 2025 UTC 04:00, and traders offer a long or short vine opportunity using up to 50 times leverage.

Permanent replacement details

Permanent exchange is a derivative contract type without expiration date, unlike gifts. This allows the trader to maintain an indefinite position if he meets margin requirements. The introduction of VINEUSDT on the BitMex platform can attract the interests of traders who want to take advantage of VINE’s price fluctuations without the physical ownership of assets.

Trading and leverage

BITMEX users can access the new VINEUSDT contract through the platform’s transaction interface. Contract specifications that describe the terms and conditions in detail are provided on the BitMex website. Up to 50 times the leverage can amplify the potential benefits, which also increases the risk of significant losses.

Market

The list of VINEUSDT is increasing interest in distributed defi assets and derivatives. If the trader finds an innovative way of participating in the market, BitMex’s offering provides speculation and hedge paths on vine price volatility. This movement coincides with the strategy of Bitmex, expanding its offering and satisfying the evolving demands of cryptocurrency traders.

For more information, you can access the official announcement on the BitMex blog.

Image Source: Shutter Stock