BitMEX Introduces 200x Leverage for Ethereum Perpetual Swap Trading

BitMEX Introduces Enhanced 200x Leverage for Ethereum Perpetual Swap


By Sead Fadilpašić
Published on:
June 5, 2024 10:29 EDT
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Reading Time: 2 minutes


Popular cryptocurrency exchange BitMEX has announced a significant increase in leverage for its ETHUSD perpetual swap, now offering traders the option to leverage up to 200x.
According to a press release shared with Cryptonews, this move comes in response to the recent approval of Ethereum Spot exchange-traded funds (ETFs) in the US, which has led to heightened market volatility. BitMEX aims to provide traders with a more powerful tool to take advantage of the evolving Ethereum landscape.
To access this new level of leverage, BitMEX users must activate the Leverage Booster feature in their settings and select up to 200x for ETHUSD in their order forms. It’s important to note that the Leverage Booster is only available for Isolated Margin positions.
Despite the increase in leverage, the risk limit and leverage settings remain unchanged, set at 5 BTC for ETHUSD. This means that existing users can continue to manage their risk effectively and adjust their trading strategies safely.
BitMEX CEO Stephan Lutz believes that shifts in sentiment on Wall Street will drive increased volatility in the Ethereum market. He stated that the introduction of the 200x leverage for the ETHUSD perpetual swap is well-timed to capitalize on this market dynamic.
The surge in Ethereum’s growth and price fluctuations, coupled with institutional adoption, has created an environment where traders can potentially amplify their profits. BitMEX’s decision to enhance leverage options aims to meet the growing demand from professional traders in a bullish market.
Since its launch in 2015, the Perpetual Swap has become BitMEX’s most popular crypto product. Lutz emphasized that the company’s goal has always been to provide traders with opportunities to generate significant returns, evident in their previous introduction of the 100x perpetual swap.
In response to heightened demand and risk appetite from traders, BitMEX raised the leverage for its Bitcoin perpetual swap XBTUSD from 100x to 250x in April. This move was aimed at allowing traders to benefit from the anticipated volatility surrounding Bitcoin’s fourth halving event.
The introduction of the enhanced ETHUSD perpetual swap is part of BitMEX’s ongoing efforts to cater to the evolving needs of traders. The exchange also plans to expand the Leverage Booster feature to other tokens in the future.
Additionally, BitMEX continues to innovate with the introduction of over 120 new derivatives contracts last year, including Prediction Markets and Pre-Launch listings. The platform also offers advanced trading features like Chart Trading, Sub Accounts, News Feeds, Multicharting, and Guilds to enhance the trading experience for its users.
BitMEX encourages users to participate in weekly competitions to improve their trading skills and foster a sense of community among traders.