BitMEX has unveiled a new 200x leverage option for its Ethereum perpetual swap, aiming to provide traders with an enhanced opportunity to capitalize on the changing Ethereum market. This decision comes in response to the recent regulatory approval of Ethereum Spot exchange-traded funds (ETFs) in the US, which has led to increased market volatility.
To access this increased leverage, BitMEX users must activate the Leverage Booster feature in their settings and choose up to 200x for ETHUSD in their order forms. It is important to note that the Leverage Booster is only available for Isolated Margin positions.
Despite this change, the risk limit and leverage settings remain the same, set at 5 BTC for ETHUSD. This adjustment is designed to ensure that existing users can continue to manage their risk effectively and adjust their trading strategies safely.
BitMEX CEO Stephan Lutz believes that the recent shifts in sentiment on Wall Street will result in heightened volatility in the Ethereum market, making the introduction of 200x leverage for the ETHUSD perpetual swap particularly timely. He emphasized that this move will enable savvy traders to potentially multiply their profits in the current market environment.
The introduction of this new leverage option follows BitMEX’s successful launch of the Perpetual Swap in 2015, which has become the most widely traded crypto product on the exchange. Lutz highlighted that BitMEX’s goal has always been to provide traders with opportunities to generate significant returns, as evidenced by their previous increase of the Bitcoin perpetual swap leverage from 100x to 250x.
In response to increased demand and risk appetite from professional traders in a bullish market, BitMEX plans to continue expanding its Leverage Booster feature to other tokens. The exchange has also introduced a range of new derivatives contracts and trading platform features to enhance the trading experience for its users.
Overall, BitMEX’s latest update to its ETHUSD perpetual swap is seen as a valuable tool for traders looking to amplify their gains and navigate the evolving cryptocurrency market landscape.
