{"id":24320,"date":"2024-07-04T16:00:28","date_gmt":"2024-07-04T13:00:28","guid":{"rendered":"https:\/\/coinengineer.io\/?p=24320"},"modified":"2024-07-04T10:12:36","modified_gmt":"2024-07-04T07:12:36","slug":"bitmex-introduces-mememestusdt-perpetual-swap","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitmex-introduces-mememestusdt-perpetual-swap\/","title":{"rendered":"BitMEX Introduces MEMEMESTUSDT Perpetual Swap"},"content":{"rendered":"<p>Derivatives for bitcoin trading Through a single contract, <strong>BitMEX<\/strong> has introduced the MEMEMESTUSDT Basket Index Perpetual Swap Contract, allowing traders access to the top 10 memecoins in the market.<\/p>\n<p>With the <strong>BitMEX memecoin<\/strong> basket index built as a weighted average price of the top 10 memecoins by market capitalization, the index members are rebalanced weekly to guarantee it continues to track the best-performing memecoins. Offering up to 25x leverage, this USDT-margined linear perpetual swap offers<\/p>\n<p><strong>BitMEX CEO Stephan Lutz<\/strong> remarked<em>, &#8220;The MEMEMEXTUSDT perpetual swap allows traders to easily diversify their exposure across the top memecoins and capitalize on the latest market trends\u2014all while managing risks effectively.&#8221;.<\/em><\/p>\n<p><strong>BitMEX<\/strong> claims that by offering a complete contract like the S&amp;P 500 but for crypto memecoins, the new single-instrument solution lessens the complexity of memecoin trading.<\/p>\n<p><strong>BitMEX<\/strong> stated in a press release Thursday that the multiple-memecoin contract can also &#8220;<em>provide improved liquidity, enabling traders to more easily execute their trades at favorable prices<\/em>.&#8221;<\/p>\n<p>The MEMEMEXTUSDT contract terms follow: MEMEMEXTUSDT is the contract&#8217;s symbol; USDT serves as the margin money. Every contract stands for 0.0001 MEMEMEXT; the lot size is 1000. The manufacturer charge is -0.015%; the taker fee is 0.075%. Two percent is the base maintenance margin, and four percent is the base initial margin.<\/p>\n<p><strong>BitMEX<\/strong> is giving traders using the MEMEMEXTUSDT contract a prize pool of up to $10,000 in USDT to celebrate the debut; top performers will get a portion of the reward.<\/p>\n<p>The new instrument launches following <strong>BitMEX&#8217;s<\/strong> recent enabling of ultra-high leverage of up to 250x for its perpetual swaps.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our <a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Derivatives for bitcoin trading Through a single contract, BitMEX has introduced the MEMEMESTUSDT Basket Index Perpetual Swap Contract, allowing traders access to the top 10 memecoins in the market. With the BitMEX memecoin basket index built as a weighted average price of the top 10 memecoins by market capitalization, the index members are rebalanced weekly<\/p>\n","protected":false},"author":6,"featured_media":24324,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[2624,7170],"class_list":["post-24320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitmex","tag-bitmex-memecoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BitMEX Introduces MEMEMESTUSDT Perpetual Swap - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bitmex-introduces-mememestusdt-perpetual-swap\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BitMEX Introduces MEMEMESTUSDT Perpetual Swap - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Derivatives for bitcoin trading Through a single contract, BitMEX has introduced the MEMEMESTUSDT Basket Index Perpetual Swap Contract, allowing traders access to the top 10 memecoins in the market. 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