BitMEX to Introduce ZKUSDT (ZK/USDT) Perpetual Swap with Up to 10x Leverage

BitMEX,
a
prominent
cryptocurrency
exchange,
has
announced
the
upcoming
listing
of
a
new
perpetual
swap
–

ZKUSDT.
The
new
trading
pair
will
be
available
starting
June
17,
2024,
at
12:00
UTC,
offering
traders
the
opportunity
to
leverage
their
positions
up
to
10
times,
according
to

BitMEX
Blog.

Trading
Details

The
ZKUSDT
perpetual
swap
will
commence
trading
based
on
index
constituents,
and
BitMEX
has
assured
that
all
traders
will
be
notified
via
official
site
announcements
and
social
media
channels
when
the
listing
goes
live.
This
new
addition
is
expected
to
diversify
the
trading
options
available
on
the
platform,
enhancing
its
appeal
to
both
new
and
seasoned
traders.

Leverage
and
Risk
Management

With
the
introduction
of
a
10x
leverage
option,
traders
can
amplify
their
exposure
to
market
movements.
However,
leveraging
also
comes
with
increased
risks.
BitMEX
has
reiterated
the
importance
of
understanding
the
inherent
risks
associated
with
high-leverage
trading
and
advises
traders
to
exercise
caution.

Market
Context

The
launch
of
ZKUSDT
comes
at
a
time
when
the
cryptocurrency
market
is
witnessing
significant
volatility.
High-leverage
products
like
perpetual
swaps
are
gaining
popularity
among
traders
looking
to
capitalize
on
short-term
price
movements.
BitMEX’s
decision
to
introduce
ZKUSDT
aligns
with
a
broader
trend
in
the
crypto
trading
industry,
where
exchanges
are
expanding
their
product
offerings
to
meet
the
diverse
needs
of
their
user
base.

For
more
details
on
the
new
ZKUSDT
perpetual
swap,
traders
are
encouraged
to
visit
the

official
BitMEX
blog.

Image
source:
Shutterstock