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.