BitMEX is listing new cryptocurrency futures contracts for the first time in more than two years
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Answer BitMEX is listing new cryptocurrency futures contracts for the first time in more than two years
announced BitMEX said early Friday morning that it plans to offer futures contracts for two cryptocurrencies, the first new cryptocurrencies to be listed in more than two years.
As for the new futures, it is for LINK and XTZ, two currencies that had earlier made triple-digit returns since the beginning of the year.
To be added to the total of alternative digital currencies that have the advantage of trading in futures contracts.
It is worth noting that Tezos coin has been traded on BitMEX before, but a long time ago, exactly after the initial coin offering (ICO) in 2017, the futures contract for the trading pair XTZ/BTC was listed on BitMEX and settled at the selling price of 0.0002 Bitcoin per purchase.
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The last time BitMEX listed a new cryptocurrency for futures trading was in June 2018, when BitMEX announced futures trading for the TRON/BTC trading pair.
Shortly before this announcement, BitMEX removed six cryptocurrency futures contracts, including Ethereum Classic, ZEC, and XMR.
Notably, the new altcoin futures contracts will be traded against Tether (USDT) rather than Bitcoin (BTC).
In Friday’s announcement, BitMEX told that the reason for this is that USDT pairs account for more than 60% of all altcoin trading volumes, quoting from the announcement:
We provide users with trading options to better meet their needs.
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Seychelles-based BitMEX said more details will come later in the announcement date.
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