BitMEX Increases Ether Perpetual Swaps Leverage


BitMEX, a leading crypto derivatives exchange, has significantly increased the leverage available for its ether perpetual swaps to 200x. This move comes at a time of heightened trading activity and interest in the cryptocurrency market, particularly as the approval of spot ether ETFs in the United States is eagerly anticipated.

Ether Perpetual Swaps Limit Raised to 200x

The decision to raise the leverage limit to 200x underscores BitMEX’s strategy to attract more traders looking to maximize their potential returns in the volatile cryptocurrency market. 

Perpetual swaps are a type of derivative that allows traders to speculate on the price of an underlying asset without owning it, with no expiration date, thereby offering continuous trading opportunities. By increasing the leverage, BitMEX aims to provide more attractive trading options for individual and institutional traders looking to leverage their positions in anticipation of market movements.

As per the announcement, the Seychelles-headquartered derivative platform users can utilize the enhanced leverage by activating the Leverage Booster in their preferences, and subsequently, choosing a leverage of up to 200x ETHUSD in their order submission. This heightened leverage is specifically accessible for isolated margin positions.  

This news come shortly after BitMEX introduced Leverage Booster for users to trade Bitcoin (BTC) perpetual swaps with leverage up to 250x. 

BitMEX Introduces SVS for Liabilities

Recall that the exchange introduced a self-verification system where depositors or users verify the liabilities they own in the crypto exchange’s total liability balance sheet themselves. According to the blog post, Merkel tree, a cryptographic data structure will be employed instead of third-party auditors in the Proof-of Liability (PoL) system that is fully live and operational. 

This system has been harnessed to ensure the preservation of the client’s privacy. Clients privacy is preserved because account balances are randomly splitted into multiple leaves of the Merkle tree.

Coinbase Introduces BTC Cash Perpetual Future Contracts

Aside from BitMEX, Coinbase International Exchange introduced perpetual futures contracts for Polygon (MATIC)n and Bitcoin Cash (BCH) on Coinbase International Exchange and Coinbase Advanced. As per the announcement, users gained access to trading MATIC-PREP and BCH-PREP. 

Notably, this strategic decision reflects Coinbase’s commitment to expanding its range of perpetual contract options, contributing to a surge in MATIC and Bitcoin Cash prices. Likewise, the addition of MATIC and BCH perpetual futures contracts demonstrates Coinbase’s forward-looking approach to meet the evolving demands of its user base.

Also, the move aligned with the exchange’s ongoing efforts to stay at the forefront of the crypto market, responding to the dynamic nature of digital asset trading.

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