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BitMEX to Launch XBTG25 Bitcoin-Margined Futures
December 24, 2024 – In a move aimed at catering to the evolving needs of cryptocurrency traders worldwide, BitMEX, a leading cryptocurrency derivatives exchange, has announced the launch of a new XBT futures contract, XBTG25. The contract will be margined in Bitcoin (BTC) and offer up to 100x leverage.
Starting on December 24, 2024, at 04:00 UTC, traders will have access to this cash-settled contract that does not require the physical delivery of Bitcoin. The contract will also feature a risk limit of 75 XBT, ensuring a structured risk management framework for all participants.
Ahead of its official launch, the XBTG25 futures contract is already available on BitMEX’s Testnet platform. This allows traders to familiarize themselves with the contract specifications and functionalities before trading begins.
The introduction of this new contract is expected to generate significant interest among traders seeking high leverage options to capitalize on Bitcoin price movements. Furthermore, the use of a Bitcoin-margined structure aligns with the growing preference for Bitcoin-denominated financial products in the crypto derivatives market.
This latest move reflects BitMEX’s commitment to providing diverse trading instruments that cater to the evolving needs of cryptocurrency traders worldwide. By doing so, the exchange aims to continue expanding its offerings and meeting the demands of a rapidly changing market.
Source: Blockchain.News
