Cryptocurrency News

BitMEX Introduces Future Markets For Chainlink & Tezos.

Earlier today, BitMEX revealed its plans to introduce futures markets for two cryptocurrencies, the primary new coins to list on the exchange in over 2 years.

The stalwart cryptocurrency derivatives exchange revealed new futures markets for chainlink [LINK] & Tezos [XTZ], two cryptocurrencies with triple-digit year-to-date returns, additionally to new contracts for EOS & Cardano [ADA], two coins already traded in futures markets on BitMEX.

Tezos has traded on BitMEX before, however. Prior to the project’s ICO earlier in 2017, XTZ/BTC futures were listed on BitMEX and settled at the sale price of 0.0002 BTC per tezos.

The last time BitMEX listed a new token was since June 2018, when it announced a TRON/BTC futures exchange.

Shortly before that announcement, the exchange removed six altcoin futures markets, along with Ethereum Classic [ETC], Zcash [ZEC], and Monero [XMR].

Notably, the new altcoin futures will trade against Tether [USDT] rather than Bitcoin [BTC]. Today’s announcement, BitMEX added that the reason for this is as “USDT pairs account for over 60% of overall altcoin volume.” By listing tether pairs, “we are offering users with the trading options to better meet their requirements,” BitMEX added.

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