On its Way: The World’s First Crypto-Margined Perpetual Foreign Exchange Swap

A new breed of crypto derivative is about to arrive on our platform. In one week’s time, users will be able to trade crypto’s first-ever perpetual foreign exchange swap listings – with up to 50x leverage. 

It’s an addition that will allow users to trade and speculate on some of the most popular foreign currency pairs 24/7 – even when the foreign exchange (FX) market is closed. What’s more, users will get the chance to long or short FX pairs (e.g. EURUSD) – margined and settled exclusively in Bitcoin (XBT) and Tether (USDT ERC-20).

The introduction of FX perpetual contracts will unlock new trading strategies and enhance the versatility of BitMEX as a whole. It’s all part of our ongoing focus to provide both our existing and new users with a broader range of crypto-margined contracts, including products that will allow traders to trade different currencies and commodities.

The contracts will go live on Testnet soon. In the meantime, you can read our blog to learn more about our upcoming listings – or contact Support if you have any