BitMEX Launches USUALUSDT Perpetual Swap with 50X Leverage

BitMEX,
a
leading
cryptocurrency
derivatives
exchange,
has
announced
the
launch
of
a
new
trading
pair,
USUALUSDT,
available
with
up
to
50X
leverage.
The
listing
went
live
on
December
19,
2024,
at
04:00
UTC,
according
to

BitMEX.

USUALUSDT
Perpetual
Swap
Details

The
introduction
of
the
USUALUSDT
perpetual
swap
is
part
of
BitMEX’s
ongoing
efforts
to
expand
its
product
offerings.
Traders
can
now
access
this
new
listing
and
utilize
significant
leverage,
enhancing
their
trading
strategies
and
potentially
increasing
their
profitability.

The
perpetual
swap
contract
allows
traders
to
speculate
on
the
price
movements
of
USUAL
against
the
USDT,
without
an
expiration
date.
This
feature
is
particularly
attractive
to
traders
seeking
to
capitalize
on
market
volatility.

Trading
and
Contract
Specifications

Interested
traders
can
commence
trading
the
USUALUSDT
pair
directly
on
the
BitMEX
platform.
Full
contract
specifications
are
available
for
users
to
review,
ensuring
they
understand
the
trading
mechanics
and
risk
involved.

BitMEX
has
provided
comprehensive
resources
and
support
for
users
engaging
with
the
new
listing.
The
trading
platform
continues
to
prioritize
user
experience
by
offering
detailed
information
and
assistance
through
its
support
channels.

Market
Context
and
Implications

This
latest
addition
to
BitMEX’s
trading
portfolio
comes
at
a
time
when
the
cryptocurrency
market
is
experiencing
heightened
interest
in
derivative
products.
The
ability
to
leverage
positions
up
to
50
times
allows
traders
to
amplify
their
exposure,
albeit
with
increased
risk.

The
introduction
of
the
USUALUSDT
perpetual
swap
is
expected
to
attract
both
retail
and
institutional
traders
looking
for
new
opportunities
within
the
crypto
derivatives
market.
As
the
market
evolves,
exchanges
like
BitMEX
continue
to
innovate,
offering
diverse
products
to
meet
the
demands
of
a
dynamic
trading
environment.

Image
source:
Shutterstock