BitMEX Launches Arbitrum Futures Contract: Everything You Need to Know

03/20/2023 04:14 • NFT Newsflash • 170 views

On March 20th, it was announced that BitMEX, a cryptocurrency trading platform, had launched the Arbitrum futures contract ARBUSDTM23, and is currently offering $1.720.

BitMEX has launched an ARB futures contract and is currently offering $1.72

Are you interested in investing in cryptocurrencies? If yes, then you should definitely take a look at BitMEX’s recently launched Arbitrum futures contract ARBUSDTM23. BitMEX is a leading cryptocurrency trading platform that is based in Seychelles. In this article, we will delve deeper into the details of the Arbitrum futures contract launched by BitMEX.

What is the Arbitrum Futures Contract?

The Arbitrum futures contract is a type of derivative that allows traders to bet on the price movements of the Arbitrum token (ARB). The futures contract works by allowing traders to buy or sell a specific amount of ARB at a predetermined price and date in the future.

How Does the Arbitrum Futures Contract Work?

The Arbitrum futures contract is settled in USDT (Tether), a stablecoin that is pegged to the US dollar. This means that the price of ARB can be denominated in USDT for the purposes of trading the futures contract. Traders can buy or sell the futures contract based on their expectations of the price movements of ARB in the future.

What Are the Benefits of Trading the Arbitrum Futures Contract?

The Arbitrum futures contract offers a number of benefits to traders. Firstly, it allows traders to leverage their trades, meaning that they can trade with more funds than they have available in their trading account. This allows traders to make bigger profits, but also carries greater risks.
Secondly, the futures contract allows traders to profit from the volatility of the cryptocurrency market. Since cryptocurrencies are highly volatile, their prices can fluctuate wildly within a short period of time. The futures contract allows traders to bet on the direction of these price movements and profit if they are correct.
Thirdly, the Arbitrum futures contract allows traders to hedge their positions in the cryptocurrency market. Hedging involves taking a position that is opposite to an existing position in order to minimize risk. For example, a trader who is holding ARB can take a short position in the futures contract to protect themselves from a potential price drop.

How Can You Trade the Arbitrum Futures Contract?

To trade the Arbitrum futures contract, you need to sign up for an account with BitMEX. Once you have signed up, you can deposit funds into your account and start trading the futures contract. BitMEX offers a range of trading tools and features to help you maximize your profits and minimize your risks.

Conclusion

The Arbitrum futures contract is an exciting new development in the cryptocurrency market. It offers traders a range of benefits, including leverage, volatility trading, and hedging. If you are interested in trading the Arbitrum futures contract, be sure to sign up for an account with BitMEX today.

FAQs

1. What is the minimum deposit required to trade the Arbitrum futures contract on BitMEX?
The minimum deposit required to trade the Arbitrum futures contract on BitMEX is 0.001 BTC.
2. What is the settlement date for the Arbitrum futures contract?
The settlement date for the Arbitrum futures contract is on the last Friday of the contract month.
3. Can I trade the Arbitrum futures contract on BitMEX from any country?
BitMEX prohibits users from certain countries, including the United States and North Korea, from using its platform. Be sure to check BitMEX’s terms of service to see if you are eligible to use their platform.

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