📢Important BitMEX Announcement Concerning Shiba Inu (SHIB) and Other Meme Coins 📢

BitMEX has launched the MEMEMEXTUSDT Basket Index Perpetual Swap Contract, featuring the top 10 meme coins by market cap, including Dogecoin, Shiba Inu, PEPE, and more.

This new offering allows traders to gain exposure to the leading meme coins through a single contract, providing up to 25x leverage and margined in USDT. It's designed to let traders speculate on the overall performance of popular meme coins while diversifying their risk.

Dubbed the “S&P500 for crypto meme coins,” it includes coins like $DOGE , SHIB , PEPE , $WIF ,$FLOKI , BRETT , BONK , BOME , MEME , and MOG. Each contract equates to 0.0001 MEMEMEXT with a lot size of 1000. The maker fee is set at -0.015%, and the taker fee is 0.075%.

BitMEX CEO Stephen Lutz explained that this contract offers a safer way to trade meme coins, avoiding the direct volatility and liquidity issues of individual tokens.