BitMex to Launch BCHUSD Quanto Perpetual Swap with Up to 25x Leverage

Leading crypto trading platform BitMEX announced on Monday that it will launch Quanto perpetual swap for BCHUSD on June 16. Banking on the success it has had with previous quanto contract launches this year, ETHUSD (May 05) and XRPUSD (February 05), BitMex will launch BCHUSD quanto contract with up to 25x leverage.

In a blog post it shared on its official website, BitMEX said that the three Quanto contracts launched this year will together represent diversification for users and will allow the platform to expand its product range. It further added,

BitMEX said

Diversification is an important aspect that trading networks are focusing on, especially since the general trading of crypto has slowed down since the epic fall of Bitcoin through 2018 and the latter half of 2019. Overall, the BCHUSD Quanto project will be the fourth of its kind of BitMEX. The contract will appear on the platform from June 15, 2020 (04:00 UTC). For further details about the contract, visit the official page.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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