BitMEX Launches Equity Perps for 24/7 Stock Trading
[Mahe, Seychelles – Jan. 6, 2025] BitMEX, one of many most secure exchanges, at the moment introduced the launch of Equity 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.
Equity Perps are cash-settled perpetual swap contracts that observe the worth of particular person U.S. shares or indices and wouldn’t have an expiry date. Similar to BitMEX’s present crypto perpetuals, the contracts use a funding charge mechanism to anchor costs to the underlying reference index.
Traders can take lengthy or brief positions with as much as 20x leverage, utilizing belongings akin to Bitcoin or Tether as margin collateral.
“Equity Perps give merchants a extra versatile solution 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 worldwide markets whereas sustaining the reliability and efficiency BitMEX is thought for.”
At launch, Equity Perps can be found on a collection of extensively 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 increase the vary of accessible contracts over time.
Trading is open 24/7, with index pricing throughout U.S. market hours primarily based totally on real-time fairness costs and, outdoors these hours, supported by tokenized spot costs from a number of exchanges.
All Equity Perps trades on BitMEX function a maker rebate of two.5 foundation factors and a taker payment of seven.5 foundation factors. Funding is exchanged each eight hours, in step with BitMEX’s present perpetual swap merchandise, no matter U.S. fairness market hours. In the occasion of company actions akin to inventory splits, affected contracts will likely 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 Equity Perps, alongside maker rebates on all Equity Perps contracts. Additional academic assets and product guides can be found by means of the BitMEX website and blog.
About BitMEX
BitMEX is the OG crypto derivatives trade, 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 means of 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 information. The trade continues to publish this information twice every week, offering assurance that buyer funds are safely saved and segregated.
For extra info, customers can go to the BitMEX Blog or www.bitmex.com and observe Discord, Telegram and Twitter.
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