news 
BitMEX to Launch XBTG25 Bitcoin-Margined Futures
In a recent announcement, BitMEX, a leading cryptocurrency derivatives exchange, has revealed plans to launch a new Bitcoin-margined futures contract called XBTG25. The highly anticipated move is expected to generate significant interest among traders, particularly those seeking high leverage options for capitalizing on Bitcoin’s price movements.
According to the information shared, the XBTG25 contract will be available for trading starting December 24, 2024, at 04:00 UTC, with an expiration date set for February 28, 2025. The contract specifications reveal that it is designed to cater to traders seeking high leverage options, offering up to 100x leverage.
Notably, the XBTG25 contract will be cash-settled, eliminating the need for traders to handle physical delivery of Bitcoin. Furthermore, the contract will come with a 75 XBT risk limit, providing a structured risk management framework for participants.
Before the official launch, BitMEX has made the XBTG25 futures contract available on its Testnet platform. This allows traders to familiarize themselves with the contract’s specifications and functionalities ahead of the trading commencement. The “Unlisted” status on the Testnet means that traders can begin strategizing their approach without any limitations.
The introduction of the XBTG25 futures contract is poised to have a significant impact on the market, particularly in light of Bitcoin’s recent price movements. This development underscores BitMEX’s commitment to providing diverse trading instruments tailored to meet the evolving needs of cryptocurrency traders worldwide.
For more information about this announcement and other blockchain news and AI updates, keep following Blockchain.News for the latest insights and updates.
Source: Blockchain.News
