BitMEX BTC Perpetual Swap Leverage Raised to 250x Before Halving

Crypto News – Prior to the halving event, BitMEX raised the leverage on its Bitcoin perpetual swap, XBTUSD, from 100x to 250x.

BitMEX BTC Perpetual Swap Leverage Raised to 250x Before Halving

The halving of bitcoin is anticipated to happen in the next 13 hours, lowering the incentives that miners receive from the current 6.25 BTC per block to 3.125 BTC.

The increased leverage came upon requests from traders to profit from the volatility as the next Bitcoin Halving happens,

BitMEX

Nevertheless, it’s important to remember that higher leverage might also increase the chance that the transaction will go bad and require liquidation. The exchange stated that since its first release in May 2016, the XBTUSD perpetual swap has grown to be the most traded cryptocurrency derivatives product ever, with over $3 trillion in trading volume on BitMEX alone.

2024 is a great year for BitMEX and crypto traders. I believe it’s also one of the last chances for those coming late to crypto to still make a difference in their lives and lifestyle. With increased leverage of up to 250x for XBTUSD we want to ensure traders can capitalize the most on the bull market.

Stephan Lutz, BitMEX CEO