BitMEX Launches Tether (USDT) Margined Contracts


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According to an exclusive press release shared by BitMEX, Tether (USDT) is slated to go live on the crypto exchange on 10th November at 04:00 UTC. With this, the traders can now formally begin margin trading and settle with Tether issued on the Ethereum network, i.e., ERC20-USDT on BitMEX. Diversification in BitMEX’s offerings Extreme price volatility during market downturns and sporadic rallies are a continuously growing part of the crypto landscape. Hence, market players are increasingly leveraging stablecoins as collateral to trade futures contracts. BitMEX’s latest move to bring USDT-margined contracts comes at a time of tremendous demand as different...