The post BitMEX to Launch XBTG25 Bitcoin-Margined Futures appeared on BitcoinEthereumNews.com.

Caroline Bishop Dec 24, 2024 10:07 BitMEX announces the launch of a new XBT futures contract, XBTG25, starting December 24, 2024. This Bitcoin-margined contract will offer up to 100x leverage. BitMEX, a leading cryptocurrency derivatives exchange, is set to introduce a new XBT futures contract, the XBTG25, which will be margined in Bitcoin (BTC). According to BitMEX, the contract will be available for trading starting on December 24, 2024, at 04:00 UTC, with an expiration date set for February 28, 2025. Contract Specifications The XBTG25 contract is designed to cater to traders seeking high leverage options, offering up to 100x leverage. It is a cash-settled contract, meaning that traders will not need to handle the physical delivery of Bitcoin. Additionally, the contract will have a 75 XBT risk limit, providing a structured risk management framework for participants. Testnet Availability Ahead of its official launch, the XBTG25 futures contract is already available on the BitMEX Testnet, allowing traders to familiarize themselves with its specifications and functionalities. On the Testnet, the contract is currently listed as ‘Unlisted’, providing traders with an opportunity to strategize before the official commencement of trading. Market Impact and Trader Interest The introduction of the XBTG25 futures contract is anticipated to generate significant interest among traders, particularly those who are looking to capitalize on Bitcoin’s price movements with high leverage. The Bitcoin-margined structure of the contract also aligns with the growing preference for Bitcoin-denominated financial products in the crypto derivatives market. As BitMEX continues to expand its offerings, the launch of the XBTG25 contract reflects the platform’s commitment to providing diverse trading instruments that cater to the evolving needs of cryptocurrency traders worldwide. Image source: Shutterstock Source: https://blockchain.news/news/bitmex-launch-xbtg25-bitcoin-margined-futures

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Filed under: News - @ December 24, 2024 10:23 am