Home Altcoin BitMEX Introduces Altcoin and DeFi Basket Indices & Derivatives Contracts, First to be Available 24/7 on Fully Verified Platform – Yahoo Finance

BitMEX Introduces Altcoin and DeFi Basket Indices & Derivatives Contracts, First to be Available 24/7 on Fully Verified Platform – Yahoo Finance

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MAHE, Seychelles, July 20, 2021 /PRNewswire/ — BitMEX, one of many world’s main crypto derivatives platforms, in the present day introduced the launch of the BitMEX ALTMEX Basket Index (.BALTMEX) and the BitMEX DEFIMEX Basket Index (.BDEFIMEX), which observe the efficiency of the highest ten cryptocurrencies within the Altcoin and DeFi markets, respectively.

(PRNewsfoto/100x Group)

(PRNewsfoto/100x Group)

BitMEX additionally launched the ALTMEXUSD and DEFIMEXUSD Quanto Perpetual Swaps – progressive derivatives contracts invented by BitMEX that allow customers, all of whom have accomplished complete consumer verification, to realize publicity to the market’s prime cryptocurrencies.

The launch of the BitMEX Basket Indices represents a milestone for crypto traders who till now lacked the flexibility to hedge threat or commerce crypto basket merchandise on a 24/7 crypto derivatives platform with a totally verified consumer base and complete Know-Your-Buyer necessities.

“The institution of those basket indices is an unmistakable signal of the continued evolution of crypto as an asset class,” stated Alex Höptner, CEO of 100x Group, the holding construction behind BitMEX. “The cryptocurrency market calls for a sophisticated, safe, and extremely liquid buying and selling platform like ours on which to commerce. The BitMEX ALTMEXUSD and DEFIMEXUSD derivatives merchandise are the primary within the trade to be accessible on a 24/7 crypto derivatives platform with a totally verified consumer base, which is able to attraction to merchants in an setting the place compliance and safety are more and more top-of-mind.”

It is a good time to be on BitMEX, with excellent platform performance alongside prime tier liquidity and safety. Join an account here. Customers may also commerce on the go along with BitMEX Mobile, accessible in over 140 international locations.

MORE INFORMATION

The cryptocurrencies represented in every basket are as follows:

The BitMEX ALTMEX Basket Index (.BALTMEX):

Constituent

Index Multiplier

Market Cap Share

BNB

0.07078653

20.00%

ADA

14.89815288

20.00%

DOGE

65.55702677

15.01%

XRP

23.21700023

14.87%

DOT

0.48176854

7.10%

UNI

0.29550574

5.68%

BCH

0.00940295

4.61%

LTC

0.03359651

4.48%

SOL

0.13713494

4.36%

LINK

0.2198593

3.89%

The BitMEX DEFIMEX Basket Index (.BDEFIMEX):

Constituent

Index Multiplier

Market Cap Share

UNI

0.9859852

20.00%

LINK

1.07263338

20.00%

AAVE

0.04467642

12.13%

MKR

0.00340582

9.40%

LUNA

1.45538761

8.39%

COMP

0.01853168

8.11%

AVAX

0.59972503

7.26%

GRT

10.07942781

7.18%

YFI

0.00010012

4.14%

SUSHI

0.44255636

3.39%

Buying and selling began at 04:00 UTC on 20 July 2021. Extra particulars can be found right here: https://bit.ly/3B1G7PQ.

BitMEX has launched new merchandise nonstop this summer season, together with the AAVEUSDT Perpetual Swap, MATICUSDT Perpetual Swap, VETUSDT Perpetual Swap, SOLUSDT Perpetual Swap, FILUSDT Perpetual Swap, and the introduction of the XBTEUR Perpetual Swap and Futures contracts. To remain updated on the newest, go to our weblog, observe us on Twitter, or be a part of our Telegram channel.

About BitMEX

BitMEX is the next-generation cryptocurrency buying and selling platform, which helps leveraged buying and selling through Perpetual and Futures Contracts. Our mission is to professionalise the buying and selling of cryptocurrency derivatives. We provide a quick, secure, and liquid strategy to commerce and hedge cryptocurrency threat. For extra info, go to www.bitmex.com.

Media Contact

Winky Chow/Jess Lo
(+852)2201-6474/(+852)2201-6473
100xGroup@RuderFinnAsia.com/BitMEX@RuderFinnAsia.com

SOURCE 100x Group

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