BitMex Continuing With High Leverage Contract Which Never ExpiresJune 2, 2020
BitMex is the Bitcoin Mercantile Exchange facilitating P2P trading, providing for the Next Generation of Bitcoin Trading Products with up to 100X leverage. The exchange facilitates viewing live trading. Being the most advanced trading platform for Bitcoin provides for Trading without expiry dates offering the industry-leading security.
BitMex is advanced in terms of technology. The volume reporting is facilitated in the website. Statistics speak for themselves.
Arthur Hayes, Co-Founder and CEO at BitMEX, stated, “Repeat after me “BCASH BCASH BCASH”.
BitMex tweeted: “Following the success of our other quanto contracts, we’ll be launching a BCHUSD quanto perpetual swap on 16 June.”
Traders are excited about the BitMex’s BCHUSD 25x quanto perpetual swap, which is permitted for trade all day without touching either.
TheBCHUSD quanto perpetual swap contract providing for 25x leverage will be launched on June 16, 2020, at 04:00 UTC. This makes the fourth quanto contract which is launched the platform, following the introduction of the ETHUSD quanto futures contract that occurred on May 05, 2020, and the XRPUSD swap contract, which was launched on February 05, 2020.
All the three Quanto contracts contribute to the further diversification of trading opportunities for their users. While the BitMex continues to expand on their innovative product range.
BitMex Adding Trading Pairs
As always, mixed opinions are doing the rounds. Some are wondering if the trading engines are capable of handling the regular volatility for BTC. They are wondering how they are able to keep adding trading pairs. Several traders opine it is a lot of free leverage, and yet a few are looking for 50x.
In reality, there seem to be a lot of protestors. Lot of complaints happening about the overload engine. Traders employ their own sense of discrimination when they decide to go with the exchange.
For those who are trading more, they well know that BitMex provides a wide variety of contract types. All of the contracts are bought and paid out as Bitcoin. BitMex has created the Perpetual Contract, providing for a high leverage contract that never expires.
While there have been many scam complaints in a previous interview, the CEO clarifies in a candid conversation, and defends why BitMEX is set up in Seychelles, the promise of blockchain for everyone, and about why his industry is not a scam. The information content is very rich in the interview. For those traders who are looking to exert discretion might want to look into the video for further analysis.