BitMEX Launches TONUSDT Perpetual Swap with 10x Leverage

BitMEX
has
unveiled
its
latest
trading
instrument,
the
TONUSDT
perpetual
swap,
which
is
now
available
for
trading
with
leverage
of
up
to
10x,
according
to
a
recent
announcement
on
the

BitMEX
Blog.

Details
of
the
New
Listing

The
TONUSDT
perpetual
swap
listing
went
live
on
August
19,
2024,
at
04:00
UTC.
This
new
financial
product
allows
traders
to
leverage
their
positions
up
to
ten
times,
thereby
amplifying
potential
returns
as
well
as
risks.
The
listing
is
part
of
BitMEX’s
continuous
efforts
to
expand
its
range
of
trading
instruments
and
cater
to
the
diverse
needs
of
its
user
base.

Trading
Features

Perpetual
swaps
are
a
type
of
derivative
that,
unlike
traditional
futures
contracts,
do
not
have
an
expiration
date.
This
feature
allows
traders
to
hold
their
positions
indefinitely,
provided
they
meet
the
required
margin
requirements.
The
addition
of
TONUSDT
to
BitMEX’s
suite
of
perpetual
swaps
is
expected
to
attract
significant
interest
from
traders
looking
to
capitalize
on
market
movements
in
the
TON/USDT
pair.

Market
Context

The
launch
of
the
TONUSDT
perpetual
swap
comes
at
a
time
when
the
cryptocurrency
market
is
experiencing
heightened
volatility.
Traders
are
increasingly
looking
for
instruments
that
offer
flexibility
and
leverage
to
maximize
their
trading
strategies.
BitMEX’s
introduction
of
high-leverage
products
such
as
the
TONUSDT
swap
aims
to
meet
this
growing
demand.

How
to
Trade

To
start
trading
the
TONUSDT
perpetual
swap,
users
can
visit
the
BitMEX
trading
platform.
The
new
listing
can
be
accessed
through
the
trading
interface,
where
users
can
view
real-time
market
data
and
execute
trades.
Detailed
information
about
the
product,
including
funding
rates
and
margin
requirements,
is
available
on
the
BitMEX
website.

For
more
details,
visit
the

official
BitMEX
Blog.

Image
source:
Shutterstock