NewsletterJust-In: BitMEX Announces Shiba Inu And BONE Perpetual Contracts Listing
Crypto exchange BitMEX on Tuesday announced Shiba Inu (SHIB) and Bone ShibaSwap (BONE) perpetual contract listings. It will allow users to trade SHIB tokens, with up to 33x leverage, and BONE in USD and USDT pairs, with up to 5x leverage. The move comes after Shiba Inu’s lead developer announced the reopening of the L2 blockchain Shibarium for the public after being unavailable for almost two weeks.
BitMEX Listing Shiba Inu And BONE Perpetual Contracts
BitMEX in its official blog on August 29 announced Shiba Inu perpetual listings in USD and USDT pairs. Users will enjoy up to 33x leverage on SHIBUSD and SHIBUSDT, which it claims to be the highest in the industry.
“As with all quanto contracts, the SHIBUSD product has a fixed Bitcoin multiplier, regardless of the SHIB/USD price. This allows traders to long or short the SHIB/USD exchange rate without ever touching SHIB or USD.”
Users can have 33x leverage on the SHIBUSD Quanto Contract and 20x leverage on the SHIBUSDT Linear Contract. The listing will be available from August 30.
In addition, BitMEX also announced BONE perpetual listings in USD and USDT pairs. Both BONEUSD and BONEUSDT will have up to 5x leverage. It will allow users to trade Shibarium’s gas token BONE in high numbers, causing price to pick upside momentum.
Also Read: Potential Grayscale Decision And Bitcoin ETF Approval By US SEC
SHIB and BONE Prices React
SHIB price jumped 2% in the past 24 hours, with the price currently trading at $0.0000080. The 24-hour low and high are $0.00000797 and $0.00000828, respectively. The trading volume has increased by 40% in 24 hours, indicating interest among traders.
Meanwhile, BONE price trades at $1.28, up 1% in the last 24 hours and 9% in a week. The 24-hour low and high are $1.26 and $1.30, respectively.
With Shiba Inu and BONE tokens holders rising after the Shibarium mainnet launch, the prices are likely to rise in the long term.
Also Read: US SEC Filing Confidential Docs In Lawsuit Against Binance And CEO “CZ”
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