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0.91%
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BitMEX To Release BCHUSD Quanto Perpetual Swap Contract On J...
NEWS

BitMEX To Release BCHUSD Quanto Perpetual Swap Contract On June 16

BitMEX’s Fourth Quanto Contract!

Perpetual swaps have garnered popularity in the crypto sphere as it has taken leaves out of the books of margin trading. However, “quanto” is a term unknown to many. Quanto is a variety of derivative, yet, “the underlying is denominated in one currency, but the instrument itself is settled in another currency at some rate.” Their capability to forfend the buyer from the variations of the exchange rate is a glimmering quotient.

 

In the first week of May 2020, BitMEX, one among the biggest derivative trading platforms in the world rolled out the ETHUSD quanto futures contract. Before this, in February 2020, the XRPUSD quanto swap contract was launched for the community. The BCHUSD quanto perpetual swap contract is the latest one to make its way into the industry.

BitMEX took to Twitter to promulgate the launch of the same. The tweet reads

“Together, these three new quanto contracts represent further diversification of trading opportunities for users as we continue to expand our innovative product range.”

Additionally, the contract is ought to have leverage up to 25x.  The latest quanto contract is said to go live from 04:00 UTC on 16 June 2020, however, the contract is already made available for the community via Testnet

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