Advertisement
Singapore markets close in 3 hours 10 minutes

  • Straits Times Index

    3,279.80
    -13.33 (-0.40%)
     

  • Nikkei

    37,640.88
    -819.20 (-2.13%)
     

  • Hang Seng

    17,277.17
    +75.90 (+0.44%)
     

  • FTSE 100

    8,040.38
    -4.43 (-0.06%)
     

  • Bitcoin USD

    64,325.23
    -2,387.41 (-3.58%)
     

  • CMC Crypto 200

    1,386.86
    -37.24 (-2.62%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • Dow

    38,460.92
    -42.77 (-0.11%)
     

  • Nasdaq

    15,712.75
    +16.11 (+0.10%)
     

  • Gold

    2,328.80
    -9.60 (-0.41%)
     

  • Crude Oil

    82.96
    +0.15 (+0.18%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • FTSE Bursa Malaysia

    1,570.29
    -1.19 (-0.08%)
     

  • Jakarta Composite Index

    7,157.23
    -17.30 (-0.24%)
     

  • PSE Index

    6,582.53
    +9.78 (+0.15%)
     

BitMEX to List Futures for New Crypto Coins for First Time in Over 2 Years

Zack Voell
Updated ·1-min read

BitMEX said early Friday morning it plans to introduce futures markets for two cryptocurrencies, the first new coins to appear on the exchange in over two years.

  • The stalwart cryptocurrency derivatives exchange announced new futures markets for chainlink (LINK) and tezos (XTZ), two cryptocurrencies with triple-digit year-to-date returns, in addition to new contracts for eos (EOS) and cardano (ADA), two coins already traded in futures markets on BitMEX.

  • Tezos has traded on BitMEX before, however. Prior to the project’s initial coin offering (ICO) in 2017, XTZ/BTC futures were listed on BitMEX and settled at the sale price of 0.0002 BTC per tezos.

  • The last time BitMEX listed a new token was June 2018, when it announced a TRON/BTC futures market.

  • Shortly before that announcement, the exchange removed six altcoin futures markets, including ethereum classic (ETC), zcash (ZEC), and monero (XMR).

  • Notably, the new altcoin futures will trade against tether (USDT) instead of bitcoin (BTC). In Friday’s announcement, BitMEX said the reason for this is because “USDT pairs account for over 60% of overall altcoin volume.” By listing tether pairs, “we are providing users with the trading options to better meet their needs,” BitMEX said.

  • More details are to come later Friday, the Seychelles-based exchange said.

Related Stories