BitMEX Introduces FLOKIUSDT and CATUSDT Perpetual Swaps with Up to 50x Leverage

BitMEX
has
announced
the
addition
of
two
new
perpetual
swap
listings,
FLOKIUSDT
and
CATUSDT,
allowing
users
to
trade
FLOKI
and
CAT
with
leverage
up
to
50x.
These
new
listings
went
live
on
September
16,
2024,
at
12:00
UTC,
according
to
the

BitMEX
Blog.

New
Trading
Opportunities

The
introduction
of
these
perpetual
swaps
provides
traders
with
the
opportunity
to
long
or
short
FLOKI
and
CAT,
expanding
their
trading
strategies
on
the
BitMEX
platform.
This
move
is
part
of
BitMEX’s
ongoing
efforts
to
diversify
its
trading
offerings
and
cater
to
the
growing
demand
for
cryptocurrency
derivatives.

Contract
Specifications

Both
contracts,
FLOKIUSDT
and
CATUSDT,
come
with
detailed
specifications
available
on
the
BitMEX
website.
Traders
can
access
the
full
contract
specs
for
FLOKIUSDT

here
and
for
CATUSDT

here.
These
specifications
provide
crucial
information
on
contract
size,
tick
size,
and
other
important
metrics,
aiding
traders
in
making
informed
decisions.

Market
Impact

The
launch
of
these
perpetual
swaps
is
expected
to
have
a
significant
impact
on
the
market,
potentially
increasing
the
trading
volume
and
liquidity
for
both
FLOKI
and
CAT.
The
high
leverage
option
of
up
to
50x
may
attract
more
experienced
traders
looking
to
capitalize
on
market
movements.

Related
Developments

This
announcement
follows
a
series
of
strategic
updates
by
BitMEX,
aimed
at
enhancing
user
experience
and
expanding
its
product
range.
Recently,
the
platform
has
also
introduced
other
leveraged
trading
options
and
new
digital
asset
listings,
reinforcing
its
position
as
a
leading
cryptocurrency
exchange.

For
more
details
on
the
new
listings,
users
can
visit
the
official

BitMEX
Blog.

Image
source:
Shutterstock