BitMEX, the world’s leading crypto derivatives exchange and the inventor of the perpetual swap, announced today that it will substantially boost the leverage of its ETHUSD perpetual swap to 200x. Timed to the recent US regulatory approval of Ethereum Spot ETFs which has spurred amplified market volatility, this leverage increase is intended to give crypto traders an intensified means to capitalise on the shifting Ethereum landscape.
This exciting update also comes on the heels of increased trading activities on BitMEX since the launch of 250x leverage for its XBTUSD perpetual swapback in April this year. Observing the changing demand and risk appetite from professional traders in a bullish environment, BitMEX is offering its traders once again the tools to amplify their gains.
Stephan Lutz, CEO at BitMEX, said, “Our mission, as inventors of 100x perpetual swap, has always been creating opportunities for traders to generate outsized returns. The sentiment shifts on Wall Street will supercharge volatility in the Ethereum market, which is why 200x leverage for the ETHUSD perpetual swap couldn’t have come at a better time. Ethereum has seen remarkable growth over the past year, with the price soaring 100% amid increased institutional adoption. These amplified price swings in the ETH market create a ripe environment for savvy traders to potentially multiply their profits, and we want to equip our traders with the most advanced products to navigate these exciting market conditions.”
BitMEX users can start using the new leverage via enabling Leverage Booster in their settings, and select up to 200x for ETHUSD in their order forms. This enhancement will not disrupt the risk management parameters of existing users, as their risk limit and leverage settings will remain intact. The Leverage Booster is available exclusively for Isolated Margin positions, with the Risk Limit adjusted to 5 BTC for ETHUSD, ensuring traders can safely adjust their strategies.
This year marks eight years since BitMEX earned its name as the inventor of the 100x leverage perpetual swap, its vision to stay innovative and ensure traders get the best trading experiences without putting their profits at risk remaining unchanged. Last year, BitMEX launched over 120 new derivatives contracts including Prediction Markets and Pre-Launch listings, alongside pro trading platform features including Chart Trading, Sub Accounts, News Feeds, Multicharting, and Guilds, a competitive trading feature that incentivises users to collaborate and compete in weekly competitions to become even better traders.
About BitMEX
BitMEX stands as a globally leading exchange for crypto derivatives, offering traders a professional-grade trading platform. Since its inception in 2014, BitMEX has maintained an impeccable security record with “no coin lost, ever!”.
Our platform caters to cryptocurrency derivatives traders by providing low latency, deep liquidity, and maximum availability. Currently, BitMEX offers more than 100 derivatives contracts, 11 pairs for spot trading, and an easy convert function between 30 different cryptocurrencies.
In 2015, BitMEX revolutionised the market by inventing the Perpetual Swap, which has since become the most widely traded crypto product. Demonstrating a commitment to transparency, since 2021, BitMEX has been among the first exchanges to regularly publish its on-chain Proof of Reserves and Proof of Liabilities, ensuring that the funds available exceed the total client balances.
For more information on BitMEX, company initiatives, product listings, launches and competitions, please visit the BitMEX Blog or www.bitmex.com, and follow Discord, Telegram and Twitter.