Rongchai Wang
Dec 11, 2024 10:17
BitMEX has introduced the MEUSDT perpetual swap, allowing users to trade the Magic Eden token with leverage up to 50x. The listing started on December 11, 2024.
BitMEX has announced the launch of a new trading instrument, the MEUSDT perpetual swap, providing traders the opportunity to long or short the Magic Eden token, ME, with leverage of up to 50x. The listing went live on December 11, 2024, at 04:00 UTC, according to BitMEX.
Trading Features and Specifications
The MEUSDT perpetual swap is designed to offer traders exposure to the Magic Eden token in a flexible manner. The contract allows for substantial leverage, enhancing both potential gains and risks. Interested traders can access the full contract specifications on the BitMEX platform.
Pre-Launch Futures Contract
In addition to the perpetual swap, BitMEX has also introduced a Pre-Launch Futures contract for the ME token, designated as MEUSDTZ25. This futures contract provides traders an alternative means to speculate on the future price movements of the Magic Eden token.
Market Context
The launch of MEUSDT comes as part of BitMEX’s ongoing efforts to expand its range of cryptocurrency derivatives. This move is likely in response to increasing demand for diverse trading options within the digital asset space. As cryptocurrencies gain more mainstream attention, platforms like BitMEX continue to innovate, offering sophisticated financial instruments to meet traders’ needs.
Market participants should remain aware of the inherent risks associated with high-leverage trading, as it can lead to significant losses as well as gains. As always, traders are encouraged to conduct thorough research and consider their risk tolerance before engaging in leveraged trading.
Image source: Shutterstock
