BitMEX Announces SCRUSDT Perpetual Swap with 50x Leverage

BitMEX, a number one cryptocurrency alternate, is about to broaden its buying and selling choices with the introduction of a brand new perpetual swap for SCR, the native token of Scroll. The SCRUSDT perpetual swap might be accessible for buying and selling beginning at 12:00 UTC on October 22, 2024, in accordance with the BitMEX Weblog.

Enhanced Buying and selling Alternatives

The brand new SCRUSDT perpetual swap itemizing on BitMEX will permit merchants to interact in each lengthy and quick positions with leverage choices of as much as 50x. This transfer is anticipated to draw each retail and institutional merchants within the potential of SCR, providing them a platform to leverage their positions considerably.

Pre-Launch Futures Contract

Along with the perpetual swap, BitMEX has already made accessible a Pre-Launch Futures contract for SCR, labeled as SCRUSDTH25. This contract gives merchants a chance to interact with SCR previous to the official launch of the perpetual swap, offering a strategic avenue for danger administration and speculative buying and selling.

Market Affect and Expectations

The launch of the SCRUSDT swap is anticipated to convey elevated liquidity and buying and selling quantity to the SCR token, as merchants make the most of the leverage provided by BitMEX. The alternate’s choice to permit as much as 50x leverage is more likely to enchantment to skilled merchants trying to maximize their returns whereas navigating the inherent dangers related to high-leverage buying and selling.

BitMEX continues to broaden its suite of buying and selling merchandise, reinforcing its place as a significant participant within the cryptocurrency derivatives market. This newest addition underscores the platform’s dedication to offering numerous and versatile buying and selling choices for its customers.

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