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BitMEX Launches USDT/USDC Perpetual Contract

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On March 11, it was reported that BitMEX, the crypto trading platform, will launch the USDT/USDC perpetual contract at 12:00 on March 12. The maximum leverage o

BitMEX Launches USDT/USDC Perpetual Contract

On March 11, it was reported that BitMEX, the crypto trading platform, will launch the USDT/USDC perpetual contract at 12:00 on March 12. The maximum leverage of the contract is 10 times, and the guarantee gold currency will adopt XBT. Users can make long or short USDT/USDC exchange rate through this transaction.

BitMEX will launch the USDT USDC perpetual contract on March 12

Analysis based on this information:


BitMEX, one of the leading cryptocurrency trading platforms, announced on March 11 that it would launch a USDT/USDC perpetual contract on March 12. This move looks to give traders the opportunity to leverage their trades by up to ten times, while also making it easier for them to go long or short on the USDT/USDC exchange rate.

Perpetual contracts are a type of derivatives contract that allows traders to speculate on the price of an asset without actually having to own it. Unlike traditional futures contracts, perpetual contracts do not have an expiration date, making them more suitable for traders who want to hold positions for longer periods of time.

USDT and USDC are two of the most widely used stablecoins in the cryptocurrency market. A stablecoin is a type of cryptocurrency whose value is pegged to an underlying asset like the US dollar, in order to reduce price volatility. The USDT/USDC perpetual contract will allow traders to bet on the exchange rate between these two stablecoins.

The maximum leverage of 10x means that traders can borrow up to ten times the amount of their initial investment, which can amplify profits but also increase losses. Leverage increases the potential for higher returns but also amplifies the risk, as traders have the possibility of losing more than their initial investment. As such, traders need to be cautious when leveraging their trades and should use risk management strategies such as stop losses or position sizing to manage their risks.

The guarantee gold currency in this transaction will adopt XBT, which is BitMEX’s abbreviation for bitcoin. This means that traders will be required to use bitcoin as collateral for their trades, which is common in cryptocurrency derivatives trading.

In conclusion, the launch of the USDT/USDC perpetual contract by BitMEX provides traders with a new opportunity to speculate on the exchange rate between two popular stablecoins. The introduction of leverage also adds to the risk-reward potential of the contract, but traders need to consider the potential consequences of using leverage and implement adequate risk management measures.

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