BitMEX launches XBTG25 margined Bitcoin futures contract

BitMEX, a leading cryptocurrency derivatives exchange, is set to introduce a new futures contract for XBT, XBTG25, which will be margined with Bitcoin (BTC). according to BitMEXThe contract will be available for trading starting on December 24, 2024 at 04:00 UTC, with an expiry date set for February 28, 2025.

Contract specifications

The XBTG25 contract is designed to meet the needs of traders looking for high leverage options, offering up to 100x leverage. It is a cash-settled contract, which means traders will not need to handle the actual delivery of Bitcoin. Additionally, the contract will have a risk limit of 75 XBT, providing a structured risk management framework for participants.

Testnet availability

Before its official launch, the XBTG25 futures contract has already become available on the BitMEX Testnet, allowing traders to familiarize themselves with its specifications and functionality. On Testnet, the contract is currently listed as “Unlisted”, providing traders an opportunity to develop a strategy before the official start of trading.

Market influence and trader interest

The introduction of XBTG25 futures is expected to generate significant interest among traders, especially those looking to profit from Bitcoin price movements with high leverage. The Bitcoin margined contract structure is also consistent with the growing preference for Bitcoin-denominated financial products in the cryptocurrency derivatives market.

As BitMEX continues to expand its offerings, the launch of the XBTG25 contract reflects the platform’s commitment to providing diverse trading tools that meet the evolving needs of cryptocurrency traders around the world.

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