On December 5, 2024, BitMEX, a leading cryptocurrency exchange, introduced two new perpetual swap listings: 1000000MOGUSDT and BRETTUSDT. This addition allows traders to leverage positions up to 50x, enhancing trading flexibility and speculation opportunities on the MOG and BRETT tokens.
The new swaps enable users to take both long and short positions directly on the BitMEX platform. This strategic move aims to attract risk-seeking traders and those looking to hedge existing positions, amidst a growing interest in cryptocurrency derivatives.
By offering high leverage options, BitMEX seeks to bolster its trading volumes and competitive stance in the derivatives market, catering to a variety of trading strategies.