[Mahe, Seychelles – Jan. 6, 2025] BitMEX, one of many most secure exchanges, in the present day introduced the launch of Fairness Perps, a brand new derivatives product that permits merchants to realize publicity to main U.S. shares and fairness indices utilizing cryptocurrency as collateral.
The launch expands BitMEX’s product suite past crypto-native markets, enabling 24/7 buying and selling on conventional fairness benchmarks, together with when U.S. inventory markets are closed.
Fairness Perps are cash-settled perpetual swap contracts that monitor the value of particular person U.S. shares or indices and should not have an expiry date. Just like BitMEX’s current crypto perpetuals, the contracts use a funding charge mechanism to anchor costs to the underlying reference index.
Merchants can take lengthy or brief positions with as much as 20x leverage, utilizing property equivalent to Bitcoin or Tether as margin collateral.
“Fairness Perps give merchants a extra versatile method to entry U.S. fairness markets utilizing crypto,” mentioned Stephan Lutz, CEO of BitMEX.
“By eradicating conventional market hours and permitting crypto collateral, we’re extending our derivatives experience to a broader set of world markets whereas sustaining the reliability and efficiency BitMEX is understood for.”
At launch, Fairness Perps can be found on a collection of broadly traded U.S. shares and indices, together with Amazon, Apple, Circle, Coinbase, Meta, Nvidia, Robinhood, Tesla, the S&P 500, and the Nasdaq. BitMEX plans to develop the vary of obtainable contracts over time.
Buying and selling is open 24/7, with index pricing throughout U.S. market hours primarily based totally on real-time fairness costs and, exterior these hours, supported by tokenized spot costs from a number of exchanges.
All Fairness Perps trades on BitMEX characteristic a maker rebate of two.5 foundation factors and a taker payment of seven.5 foundation factors. Funding is exchanged each eight hours, in line with BitMEX’s current perpetual swap merchandise, no matter U.S. fairness market hours. Within the occasion of company actions equivalent to inventory splits, affected contracts can be settled early and relisted as soon as the motion is full.
To mark the launch, BitMEX is providing a 70,000 USDT prize pool for eligible customers who commerce Fairness Perps, alongside maker rebates on all Fairness Perps contracts. Further academic assets and product guides can be found by the BitMEX web site and weblog.
About BitMEX
BitMEX is the OG crypto derivatives change, offering skilled crypto merchants with a platform that caters to their wants with low latency, deep crypto native and particularly BTC liquidity and unmatched reliability.
Since its founding, no cryptocurrency has been misplaced by intrusion or hacking, permitting BitMEX customers to commerce with confidence that their funds are safe and that they’ve entry to the merchandise and instruments required to be worthwhile.
BitMEX was additionally among the many first exchanges to publish on chain Proof of Reserves and Proof of Liabilities knowledge. The change continues to publish this knowledge twice every week, offering assurance that buyer funds are safely saved and segregated.
For extra data, customers can go to the BitMEX Weblog or www.bitmex.com and observe Discord, Telegram and Twitter.