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BitMEX to Launch XBTG25 Bitcoin-Margined Futures
In a major development in the cryptocurrency derivatives market, BitMEX has announced the launch of a new Bitcoin-margined futures contract, dubbed XBTG25. Starting December 24, 2024, at 04:00 UTC, traders will be able to engage with this innovative offering.
The highly anticipated contract is specifically designed for traders seeking high leverage options, providing up to 100x leverage. This feature allows users to maximize their potential gains while also increasing the risk involved in trading. In contrast, the XBTG25 contract does not require physical delivery of Bitcoin, as it is a cash-settled instrument.
To ensure responsible and secure trading practices, BitMEX has implemented a 75 XBT risk limit on this contract. This structured risk management framework aims to provide participants with a safe and predictable experience.
Before the official launch, traders are encouraged to familiarize themselves with the XBTG25 contract specifications by accessing it on the BitMEX Testnet. The test environment is currently listed as ‘Unlisted’, allowing users to strategize and gain insight into its features prior to the start of trading.
The introduction of this Bitcoin-margined futures contract is likely to generate significant interest among traders, particularly those focused on capitalizing on Bitcoin’s price movements with high leverage. Additionally, the Bitcoin-denominated structure aligns with the growing demand for Bitcoin-based financial products within the crypto derivatives market.
As BitMEX continues to diversify its offerings and expand into new areas of cryptocurrency trading, this announcement reflects the platform’s commitment to delivering a diverse range of instruments tailored to the evolving needs of traders worldwide.
Source: Blockchain.News
