[PRESS RELEASE – Mahe, Seychelles, May 4th, 2023]
BitMEX, a number one cryptocurrency derivatives change, at present introduced the itemizing of two new perpetual contracts, PEPE and SUI. BitMEX is proud to be the primary derivatives change to checklist SUI Perpetuals Contracts and the second to checklist PEPE Perpetuals Contracts.
The latest meteoric rise of PEPE has raised issues about liquidity for its holders. The token’s market capitalization surged to $137 million in lower than every week.
Nevertheless, on account of its fast ascent, promoting massive positions may considerably negatively affect the token’s worth. By providing PEPE Perpetual Contracts, BitMEX permits merchants to achieve publicity to the token with out the worry of illiquid markets.
A BitMEX spokesperson commented on the itemizing as follows:
“PEPE wants a Perp! Perpetual Contracts are essentially the most traded product in crypto and supply all buyers taking a protracted or quick place on tokens with higher liquidity and fewer community dangers. At BitMEX, we provide Tether-margined and Bitcoin-margined perpetual contracts. We’re proud to be the inventor of the Perpetual Swap and have lengthy been a number one buying and selling venue for crypto derivatives, providing uncompromised safety, a dependable platform, and deep liquidity – as skilled merchants deserve.”
BitMEX merchants can now lengthy or quick PEPE by way of two listings – PEPEUSD and PEPEUSDT. Each listings have been launched on Could 3, 2023, at 04:00 UTC with as much as 50x leverage.
Similar is true for SUI Token which is out there as a Bitcoin-margined perp SUIUSD and Tether-margined SUIUSDT perp. Each contracts began buying and selling on 3 Could 2023 at 12:11 UTC and supply as much as 50x leverage.
Along with the PEPE listings, BitMEX is happy to introduce the SUI Perpetual Contract, additional increasing the vary of buying and selling choices obtainable to its customers.
By buying and selling PEPE and SUI listings on BitMEX, customers can get pleasure from as much as 50x leverage and one of many highest max place sizes within the business, offering a dynamic and versatile buying and selling expertise for novice and seasoned merchants.
About BitMEX
BitMEX is a crypto buying and selling platform that provides customers entry to the worldwide digital asset monetary markets. BitMEX is owned by HDR World Buying and selling Restricted. To study extra about BitMEX, BitMEX’s imaginative and prescient, and the highway forward, please comply with BitMEX on:
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