Felix Pinkston
Feb 26, 2025 05:47
BitMEX introduces pre-launch futures contracts for RED token, providing as much as 2x leverage, as a part of its new buying and selling initiative.
BitMEX has introduced the launch of pre-launch futures contracts for the RED token, providing a leverage of as much as 2x. The brand new REDUSDTZ25 contract is now out there for buying and selling, permitting customers to take lengthy or brief positions on the token, in line with BitMEX.
New Buying and selling Alternatives
The RED token, native to the RedStone platform, has been launched to the BitMEX buying and selling ecosystem by way of this new itemizing. The buying and selling for the REDUSDTZ25 contract commenced on 26 February 2025 at 04:00 UTC, marking a big addition to the change’s choices.
Contract Specs
Merchants within the REDUSDTZ25 contract can entry it straight on the BitMEX platform. The contract gives as much as 2x leverage, offering merchants with the potential to amplify their publicity to the market. Full specs of the contract can be found for evaluate on the BitMEX web site.
Increasing Futures Market
BitMEX’s introduction of the RED token futures is a part of a broader technique to increase its futures market choices. By offering leverage choices, the change is catering to merchants searching for to maximise their buying and selling methods with enhanced capital effectivity.
Market Implications
The launch of the REDUSDTZ25 contract may affect market dynamics by rising liquidity for the RED token. It additionally presents a chance for merchants to take part out there with a brand new asset, doubtlessly resulting in elevated buying and selling volumes on the BitMEX platform.
For extra particulars on the brand new futures contract and to discover buying and selling choices, customers can go to the official BitMEX platform.
Picture supply: Shutterstock
