BitMEX Launches Perpetual Contracts for Major Forex Pairs
- BitMEX has introduced perpetual contracts for major forex pairs, including EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF, and USD/CAD.
- Traders can use cryptocurrency as margin without needing fiat deposits or brokers.
- The contracts offer leverage of up to 100x with zero base rate interest.
- Unlike traditional forex markets, these contracts allow continuous trading without weekend interruptions.
- BitMEX aims to expand its range of perpetual products based on user demand in both forex and other asset classes.
This launch enhances market accessibility by allowing traders to engage in forex trading around the clock while utilizing cryptocurrencies as collateral. The introduction of perpetual contracts signifies a notable shift towards integrating cryptocurrency with traditional financial markets.
With the ability to trade major currency pairs continuously and leverage options up to 100x, BitMEX is positioning itself as a leader in bridging crypto and traditional finance.(Source)
