BitMEX, a Seychelles-based derivatives exchange, launched the MEMEMEXTUSDT basket index perpetual swap contract, aka “the S&P500 for crypto meme coins”. 😂 This contract gives traders the opportunity to speculate on the performance of popular meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB), to new coins such as Pepe (PEPE) and Floki Inu (FLOKI).

This contract is margined in USDT and offers up to 25x leverage. Each contract is equivalent to 0.0001 MEMEMEXT, with a lot size of 1000.

BitMEX CEO, Stephen Lutz, announced, "We know many serious crypto traders are reluctant to get involved directly in Meme Coins. But, what if you could trade baskets and have full security with insurance funds and not have to switch your USDT and/or Tier1 crypto to Meme Coins?”

Come on, discuss it in the comments column, are you interested in getting involved? 🚀