Outside Source
[PRESS RELEASE – Mahe, Seychelles, May 4th, 2023]
BitMEX, a leading cryptocurrency derivatives exchange, today announced the listing of two new perpetual contracts, PEPE and SUI. BitMEX is proud to be the first derivatives exchange to list SUI Perpetuals Contracts and the second to list PEPE Perpetuals Contracts.
The recent meteoric rise of PEPE has raised concerns about liquidity for its holders. The token’s market capitalization surged to $137 million in less than a week.
However, due to its rapid ascent, selling large positions could significantly negatively impact the token’s price. By offering PEPE Perpetual Contracts, BitMEX allows traders to gain exposure to the token without the fear of illiquid markets.
A BitMEX spokesperson commented on the listing as follows:
“PEPE needs a Perp! Perpetual Contracts are the most traded product in crypto and offer all investors taking a long or short position on tokens with better liquidity and fewer network risks. At BitMEX, we offer Tether-margined and Bitcoin-margined perpetual contracts. We are proud to be the inventor of the Perpetual Swap and have long been a leading trading venue for crypto derivatives, offering uncompromised security, a reliable platform, and deep liquidity – as professional traders deserve.”
BitMEX traders can now long or short PEPE via two listings – PEPEUSD and PEPEUSDT. Both listings were launched on May 3, 2023, at 04:00 UTC with up to 50x leverage.
Same is true for SUI Token which is available as a Bitcoin-margined perp SUIUSD and Tether-margined SUIUSDT perp. Both contracts started trading on 3 May 2023 at 12:11 UTC and offer up to 50x leverage.
In addition to the PEPE listings, BitMEX is excited to introduce the SUI Perpetual Contract, further expanding the range of trading options available to its users.
By trading PEPE and SUI listings on BitMEX, users can enjoy up to 50x leverage and one of the highest max position sizes in the industry, providing a dynamic and versatile trading experience for novice and seasoned traders.
About BitMEX
BitMEX is a crypto trading platform that offers users access to the global digital asset financial markets. BitMEX is owned by HDR Global Trading Limited. To learn more about BitMEX, BitMEX’s vision, and the road ahead, please follow BitMEX on:
This article first appeared at CryptoPotato
