BitMEX, a prominent cryptocurrency exchange, has recently introduced its new Bitcoin (BTC) futures contract, XBTF25. The contract went live for trading on November 26, 2024, at 04:00 UTC. As part of BitMEX’s lineup of Bitcoin futures products that are settled in Bitcoin, the XBTF25 provides traders with an opportunity to engage in futures trading using a well-established cryptocurrency.
Details of the XBTF25 Contract The XBTF25 futures contract is settled in Bitcoin and is available for trading on the BitMEX platform. It offers a new avenue for traders to speculate on the future price movements of Bitcoin against the US dollar (USD). The settlement date for XBTF25 is set for January 31, 2025.
Current Futures Contracts on BitMEX In addition to the newly launched XBTF25 contract, BitMEX continues to offer several other Bitcoin futures contracts such as XBTX24, XBTZ24, XBTH25, XBTM25, and XBTU25. These contracts have distinct listing and settlement dates ranging from September 24 to March 18, 2024.
For example, the listing date for XBTX was September 18th while its settlement date was set for November 17th; whereas the listing date for BTCZ was March 18th and its settlement date was December 17th. Implications for Traders The introduction of XBTF adds more variety to BitMEX’s existing trading options catering specifically towards short-term and long-term traders interested in engaging with Bitcoin futures contracts.
By expanding its futures offerings portfolio further diversifies risk exposure opportunities available at this exchange making it even more attractive choice among crypto investors globally!
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