Sign Up on MEXCBitMEX Unveils Bitcoin, Ethereum, Cardano & XRP Futures Listing
Highlights
- BitMEX has announced the addition of several new futures contracts.
- The crypto exchange has unveiled futures listings for Bitcoin, Ethereum, XRP, and others.
- These listings will be live on June 11, 2024, and will be marked "unlisted" until then.
Popular crypto exchange, BitMEX, has announced the upcoming listing of new quarterly futures contracts. These listings are set to go live on June 11, 2024 at 04:00 UTC, according to the latest announcement. Moreover, this move signifies a strategic expansion in its offerings, covering key cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Ripple’s XRP, among others.
Details On Bitcoin, Ethereum, XRP Futures Listing
The new futures contracts are visible as unlisted on the BitMEX platform. Furthermore, these listings will provide traders with a variety of options to engage in the crypto market for Q3 2024. Additionally, the exchange noted that these contracts will include trading pairs such as ADAU24 (ADA/BTC), ETHU24 (ETH/BTC), XRPU24 (XRP/BTC), and XBTH25 (BTC/USD), among others.
The specifics of the new futures contracts involving BTC, ETH, ADA and XRP are as follows:
- ADAU24 (Cardano/Bitcoin) will be listed on June 11, 2024 and settle on September 27, 2024.
- ETHU24 (Ethereum/Bitcoin) scheduled for listing on June 11, 2024 with settllement on September 27, 2024.
- ETHUSDU24 (Ethereum/USD) to be listed on June 11, 2024, settles on September 27, 2024.
- XRPU24 (XRP/Bitcoin) will be listed on June 11, 2024, settlement on September 27, 2024.
- XBTH25 (Bitcoin/USD) set for listed on June 11, 2024 and settlement on March 28, 2025.
- XBTUSDTU24 (Bitcoin/USDT) slated for listed on June 11, 2024, will be settled on September 27, 2024.
Also Read: XRP Price: Whales Shuffle 318M Coins as Price Holds $0.52 Support
Strategic Implications Of New Listings
The new listings are designed to cater to the increasing demand for diversified trading instruments within the cryptocurrency market. Moreover, by offering futures contracts that expire quarterly, BitMEX aims to provide traders with more precise tools for hedging, speculation, and managing risk. In addition, these contracts enable traders to take positions on the future price movements of these cryptocurrencies with a clear settlement timeline.
Furthermore, it’ll enhancing market liquidity and stability, potentially impacting Bitcoin, Ethereum, XRP, and Cardano prices higher. This announcement has been met with anticipation by the trading community, as it offers more robust options for portfolio diversification.
The inclusion of Ether/USD and Bitcoin/USD contracts, in particular, reflects BitMEX’s response to the evolving preferences of its users who seek exposure to USD-denominated futures. Hence, the move is expected to solidify BitMEX’s position as a leading platform for cryptocurrency derivatives trading.
Also Read: Bitcoin Miner Bitdeer Releases BTC Mining Chip Roadmap To Reduce Energy Use
- Ethereum Faces Selloff Risks As Whales’ Unrealized Profit Hits 2021 Highs
- Expert Predicts 138% Shiba Inu Rally as SHIB Futures Listing Opens Spot ETF Path
- Bitcoin Will 200x From Here, Twenty One Capital CEO Says as BTC Breaks $117K After Fed Rate Cut
- BNB Chain Takes Lead in RWA Tokenization, Expert Sees BNB Rally to $1,300
- Grayscale’s GDLC Fund Holding SOL and ADA Gets SEC Nod for NYSE Debut
- HBAR Price Prediction as SEC Approves Generic ETF Framework – Analyst Targets $1.80
- Toshi Coin Gains 57% in One Day: What’s Driving the Sudden Upside?
- Shiba Inu Price Set to Soar as Exchange Reserves Dive Amid SHIB ETF Chatter
- Pepe Coin Price Prediction as Whale Moves $25M From Robinhood- Is a Breakout to $0.00002 Next?
- XRP Price Prediction as Market Longs Hit 78% amid VivoPower Treasury Expansion Launch — Is $4 Next?
- SHIB Price Forecast: Taker Buys Lead as Developers Counter Shibarium Exploit
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
