BitMEX Launches SHELLUSDT Perpetual Swap with 50x Leverage

On February 28, 2025, BitMEX launched the SHELLUSDT perpetual swap, offering traders up to 50x leverage. This new product allows users to take both long and short positions on the SHELL cryptocurrency. The introduction of this swap is part of BitMEX's strategy to expand its cryptocurrency derivatives offerings and cater to the growing demand for high-leverage trading options. While providing opportunities for amplified gains, it also carries substantial risk, requiring traders to exercise caution and implement robust risk management strategies.