BitMEX to Launch BLASTUSDT Perpetual Swap with 10x Leverage

BitMEX,
a
leading
cryptocurrency
exchange,
has
announced
the
forthcoming
listing
of
a
new
perpetual
swap
–
BLASTUSDT.
According
to
the

BitMEX
Blog,
the
new
listing
will
be
available
for
trading
starting
on
June
27,
2024,
at
04:00
UTC,
offering
traders
up
to
10x
leverage.

Details
of
the
New
Listing

The
BLASTUSDT
perpetual
swap
will
commence
trading
based
on
index
constituents.
BitMEX
has
stated
that
traders
will
be
notified
via
site
announcements
and
social
media
channels
once
the
listing
goes
live.
This
new
addition
aims
to
provide
traders
with
more
options
and
leverage
opportunities
in
the
ever-evolving
cryptocurrency
market.

Trading
and
Leverage

The
introduction
of
the
BLASTUSDT
perpetual
swap
with
up
to
10x
leverage
allows
traders
to
potentially
amplify
their
returns.
However,
it
also
comes
with
increased
risk,
making
it
essential
for
traders
to
employ
sound
risk
management
strategies.

Market
Impact
and
Expectations

This
new
listing
is
anticipated
to
attract
significant
interest
from
both
retail
and
institutional
investors.
Perpetual
swaps
are
a
popular
derivative
product
in
the
cryptocurrency
market,
offering
traders
the
ability
to
speculate
on
the
price
of
an
asset
without
owning
it
directly.
By
adding
BLASTUSDT
to
its
offerings,
BitMEX
continues
to
expand
its
product
suite
to
meet
the
diverse
needs
of
its
user
base.

For
more
detailed
information
on
the
listing,
traders
are
encouraged
to
visit
the
official
announcement
on
the

BitMEX
Blog.

Image
source:
Shutterstock