BitMEX Launches HYPEUSDT, FARTCOINUSDT, and HIVEUSDT Perpetual Swaps with 50x Leverage
Cryptocurrency trading platform BitMEX has expanded its offerings by introducing new perpetual swap contracts for HYPEUSDT, FARTCOINUSDT, and HIVEUSDT, according to BitMEX. As of December 24, 2024, traders can now engage in long or short positions on these cryptocurrency pairs with leverage options reaching up to 50x.
New Trading Opportunities
The introduction of these contracts allows traders to speculate on the price movements of HYPE, FARTCOIN, and HIVE, providing opportunities to capitalize on both rising and falling markets. These listings are part of BitMEX’s strategy to offer diversified trading options to its users, catering to both seasoned traders and those new to the cryptocurrency market.
Contract Specifications and Trading Details
Each of the new listings—HYPEUSDT, FARTCOINUSDT, and HIVEUSDT—comes with detailed contract specifications available on the BitMEX platform. Traders can review these specifications to understand the terms and conditions associated with each swap before engaging in trades.
BitMEX has provided direct links for trading each of the newly listed pairs:
These offerings are expected to attract a wide range of traders looking for high-leverage options to maximize their trading strategies.
Market Context and Competitive Landscape
The launch of these perpetual swaps comes amid increasing competition among exchanges to offer innovative financial products that cater to a diverse trading community. Perpetual swaps are particularly popular in the crypto market due to their flexibility compared to traditional futures contracts, as they do not have an expiration date, allowing traders to hold positions indefinitely.
BitMEX’s move to add these new pairs is a strategic step to maintain its position in the competitive crypto derivatives market, which has seen significant growth and interest from institutional and retail investors alike.
For more information on the new listings and trading options, visit the official announcement on the BitMEX blog.
