BitMEX Lists ZROUSDT and TREMPUSDT with 10x Leverage

BitMEX,
a
leading
cryptocurrency
derivatives
exchange,
has
announced
the
listing
of
two
new
perpetual
swaps:
ZROUSDT
and
TREMPUSDT.
These
new
listings
will
allow
traders
to
leverage
their
positions
up
to
10x,
according
to
the

BitMEX
Blog.

Details
of
the
New
Listings

The
ZROUSDT
and
TREMPUSDT
perpetual
swaps
are
both
Tether
(USDT)
margined
contracts.
Trading
for
these
contracts
commenced
at
04:00
UTC
on
June
21,
2024.
This
move
expands
BitMEX’s
offering,
providing
traders
with
more
options
to
hedge
their
positions
or
speculate
on
market
movements.

Trading
Specifications

Both
ZROUSDT
and
TREMPUSDT
contracts
offer
up
to
10x
leverage,
allowing
traders
to
amplify
their
positions
significantly.
This
high
leverage
can
lead
to
substantial
profits,
but
it
also
increases
the
risk
of
significant
losses.

Interested
traders
can
start
trading
ZROUSDT

here
and
view
the
contract
specifications

here.
Similarly,
TREMPUSDT
can
be
traded

here,
with
contract
details
available

here.

Market
Impact

The
introduction
of
ZROUSDT
and
TREMPUSDT
perpetual
swaps
is
likely
to
attract
significant
interest
from
traders
looking
to
leverage
their
positions
in
the
cryptocurrency
market.
With
the
ability
to
trade
on
margin,
these
products
provide
an
opportunity
for
traders
to
increase
their
exposure
to
price
movements
without
needing
to
hold
a
large
amount
of
USDT.

BitMEX’s
decision
to
list
these
new
contracts
reflects
the
growing
demand
for
diversified
trading
instruments
in
the
crypto
market.
As
traders
seek
more
sophisticated
tools
to
manage
their
portfolios,
exchanges
like
BitMEX
are
responding
with
innovative
products
that
cater
to
these
needs.

Conclusion

BitMEX
continues
to
expand
its
range
of
trading
instruments
with
the
addition
of
ZROUSDT
and
TREMPUSDT
perpetual
swaps.
Offering
up
to
10x
leverage,
these
new
listings
provide
traders
with
additional
options
to
enhance
their
trading
strategies.
As
always,
traders
are
advised
to
exercise
caution
and
manage
their
risk
appropriately
when
trading
leveraged
products.

Image
source:
Shutterstock