BitMEX will introduce new quarterly futures contracts on September 10, 2024. These additions increase the platform’s vary of tradable property and supply extra alternatives for merchants to lock in future costs.
The contracts will likely be accessible for key cryptocurrency pairs, enhancing BitMEX’s futures market choices.
BitMEX New Listings
The brand new contracts BitMEX will checklist embrace the next pairs: Cardano/Bitcoin (ADAZ24), Ether/Bitcoin (ETHZ24), Ripple/Bitcoin (XRPZ24), Ether/USD (ETHUSDZ24), Bitcoin/USD (XBTM25), and Bitcoin/USDT (XBTUSDTZ24), with settlement dates on December 27, 2024. Moreover, Bitcoin/USD (XBTM25) futures will likely be accessible, expiring on June 27, 2025.
Quarterly futures differ from perpetual futures in that they’ve an expiration date. On settlement, each consumers and sellers should fulfill the contract, whatever the present value. Consumers revenue if the settlement value is larger than the entry value, whereas sellers profit if the value is decrease.
Learn extra: Finest Crypto Spinoff Exchanges in 2024
The brand new contracts are at the moment seen on the platform, labeled as “Unlisted,” permitting merchants to arrange for the upcoming modifications. This transfer additional solidifies BitMEX’s place as a number one platform for cryptocurrency derivatives buying and selling.
