BitMEX Launches XBTQ24 Bitcoin Futures Contract with 100x Leverage

BitMEX has formally launched its newest month-to-month Bitcoin (BTC) futures contract, XBTQ24, which started buying and selling at 04:00 UTC on June 25, 2024. The brand new contract presents as much as 100x leverage, based on BitMEX Blog.

Contract Particulars

The XBTQ24 contract is the latest addition to BitMEX’s suite of Bitcoin futures choices. Merchants can entry the contract straight on the BitMEX platform. The itemizing and settlement dates for the present futures contracts are as follows:

CodePairItemizing DateSettlement Date
XBTM24Bitcoin / USD12 September 202328 June 2024
XBTU24Bitcoin / USD12 December 202327 September 2024
XBTN24Bitcoin / USD28 Could 202426 July 2024
XBTQ24Bitcoin / USD25 June 202430 August 2024

Market Context

The launch of the XBTQ24 contract comes at a time when the cryptocurrency market is experiencing vital volatility. Bitcoin’s value actions have been notably unpredictable, main merchants to hunt extra subtle monetary devices to hedge their positions or capitalize on market swings.

BitMEX’s providing of as much as 100x leverage on the XBTQ24 contract supplies merchants with a possibility to maximise their potential returns, albeit with elevated threat. The platform has been identified for its high-leverage merchandise, which are a magnet for each retail and institutional traders searching for substantial features.

Future Prospects

Because the cryptocurrency market continues to evolve, BitMEX is prone to introduce extra revolutionary futures contracts and buying and selling choices. The addition of XBTQ24 aligns with the platform’s technique to supply a various vary of merchandise catering to completely different buying and selling methods and threat appetites.

Merchants concerned with exploring the brand new XBTQ24 futures contract can discover extra info and begin buying and selling on the BitMEX platform.

Picture supply: Shutterstock



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