BitMEX is proud to announce that we have launched 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?
- XBTUSD is perpetual and does not expire. You can keep your positions open for as long as you like.
- 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.
- 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.