RATE Group | BitMEX announces Ethereum Quanto Futures settled in Bitcoin
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BitMEX announces Ethereum Quanto Futures settled in Bitcoin

25 Apr BitMEX announces Ethereum Quanto Futures settled in Bitcoin

Posted at 21:31h in Bitcoin News by

  •  BitMEX announces futures contracts called Ethereum Quanto with a fixed multiplier in Bitcoin that will be settled in BTC.
  • The contracts will combine the quanto function of the perpetual ETHUSD swap and allow their users to earn BTC without using ETH or USD. 

BitMEX announced a new product that promises to be “unique in the market”. In a publication, the exchange presented the Ethereum Quanto futures contracts. These contracts will have up to 50x leverage and are available in their testnet phase. The official launch, according to BitMEX’s announcement, will be on May 5th of this year at 04:00 UTC.

A unique product based on Ethereum and Bitcoin

BitMEX also revealed that the first contract with the symbol ETHUSDM20, will be launched on the referred date, expiring on June 26, 2020 at 12:00 UTC. This will be another product that will be combined with Perpetual Contracts and futures contracts in the ETH/BTC pair on BitMEX. Since BitMEX only accepts Bitcoin (BTC) as collateral, it…

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