James Ding Sep 04, 2024 11:47
BitMEX to launch AAVEUSD and AAVEUSDT perpetual contracts with up to 20x leverage on September 4, 2024, expanding its derivatives offerings.
BitMEX is set to expand its derivatives offerings with the introduction of new perpetual contracts for AAVEUSD and AAVEUSDT, according to the BitMEX Blog. These contracts will offer traders the opportunity to leverage their positions up to 20 times.
Launch Details
The new AAVEUSD and AAVEUSDT contracts are scheduled to begin trading at 04:00 UTC on September 4, 2024. The contracts will be dependent on index constituents, ensuring they reflect the underlying asset’s market conditions accurately.
Enhanced Trading Opportunities
With the introduction of these contracts, traders on BitMEX will have greater flexibility and potential for profit. The 20x leverage allows for significant amplification of both gains and losses, making risk management essential. This new offering is part of BitMEX’s ongoing efforts to provide a diverse range of trading instruments to its users.
Market Context
The launch of these new perpetual contracts comes at a time when decentralized finance (DeFi) tokens like AAVE (AAVE) are gaining increased traction in the cryptocurrency market. AAVE is a prominent DeFi protocol that allows users to lend and borrow cryptocurrencies. By listing these contracts, BitMEX aims to cater to the growing interest in DeFi tokens and provide traders with more options to engage with this emerging sector.
For more detailed information on the AAVEUSD and AAVEUSDT perpetual contracts, interested parties can visit the BitMEX Blog.
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