Announcing the Launch of the Perpetual XBTUSD Leveraged Swap

BitMEX is proud to announce that we are officially launching the world’s first perpetual XBTUSD leveraged swap product. XBTUSD allows you to trade the Bitcoin / USD exchange rate with up to 100x leverage with no expiry.

How Does It Work?

  1. XBTUSD is perpetual and does not expire. You can keep your positions open for as long as you like.
  2. Longs and shorts receive or pay interest each day based on the Bitfinex USD and Bitcoin lending market. It’s just like margin trading, but with the highest leverage offered by any exchange.
  3. Longs profit when the price rises; shorts profit when the price falls.

For more information, please read the Swaps Guide and also the XBTUSD Contract Specifications.

Launch Date

Friday 13 May 2016 at 12:00 UTC

Note: The daily XBT24H, rolling XBT48H, and weekly XBT7D and XBU7D contracts will be delisted. However, the quarterly XBTM16 and semi-annual XBTU16 contracts will remain until their respective expiries.

API Changes

The following fields have been added to the instrument table: