BitMEX has launched the first ever cryptocurrency FX perpetual swap contracts (FX perps), allowing users to trade an initial 22 contracts on some of the most popular foreign currency pairs 24/7 – even when the foreign exchange (FX) market is closed.
As part of BitMEX’s wider derivatives offering, individuals and institutions alike will be able to trade FX perps with up to 50x leverage.
FX perpetual contracts on BitMEX are margined and settled in either Bitcoin or Tether (ERC-20) and is ideal for traders who want the advantage of derivatives without the difficulty of expiry dates.
