MAHE, Seychelles, July 20, 2021 / PRNewswire / – BitMEX, one of the world’s leading crypto derivatives platforms, today announced the launch of the BitMEX ALTMEX Basket Index (.BALTMEX) and BitMEX DEFIMEX Basket Index (.BDEFIMEX), which track the performance of the top ten cryptocurrencies in the Altcoin and DeFi markets.

BitMEX also launched the ALTMEXUSD and DEFIMEXUSD Quanto Perpetual Swaps – innovative derivative contracts invented by BitMEX that allow users, who have all completed extensive user verification, to get exposure to the top cryptocurrencies in the market.

The introduction of the BitMEX basket indices represents a milestone for crypto investors who previously lacked the opportunity to hedge risks or crypto basket products on a 24/7 crypto derivatives platform with a fully verified user base and extensive know-your -Customer requirements to act.

“The establishment of these basket indices is an unmistakable sign of the further development of crypto as an asset class,” said Alex Höptner, CEO of the 100x Group, the holding structure behind BitMEX. “The cryptocurrency market requires an advanced, secure and highly liquid trading platform like ours that can be traded on. BitMEX ALTMEXUSD and DEFIMEXUSD derivative products are the first in the industry to feature a 24/7 crypto derivatives platform with a fully verified user base that will appeal to traders in an environment where compliance and security are increasingly paramount. “

It’s a great time to be at BitMEX with great platform performance alongside great liquidity and security. Sign up for an account here. Users can also trade on the go with BitMEX Mobile, which is available in over 140 countries.

MORE INFORMATION

The cryptocurrencies represented in each basket are as follows:

The BitMEX ALTMEX Basket Index (.BALTMEX):

component

Index multiplier

Market share in market capitalization

BNB

0.07078653

20.00%

THERE ARE

14.89815288

20.00%

DOGE

65.55702677

15.01%

XRP

23.21700023

14.87%

POINT

0.48176854

7.10%

UNIVERSITY

0.29550574

5.68%

BCH

0.00940295

4.61%

LTC

0.03359651

4.48%

SOL

0.13713494

4.36%

SHORTCUT

0.2198593

3.89%

The BitMEX DEFIMEX Basket Index (.BDEFIMEX):

component

Index multiplier

Market share in market capitalization

UNIVERSITY

0.9859852

20.00%

SHORTCUT

1.07263338

20.00%

AAVE

0.04467642

12.13%

MKR

0.00340582

9.40%

LUNA

1.45538761

8.39%

COMP

0.01853168

8.11%

AVAX

0.59972503

7.26%

GRT

10.07942781

7.18%

YFI

0.00010012

4.14%

SUSHI

0.44255636

3.39%

The trade started at 04:00 UTC on July 20, 2021. Further details can be found here: https://bit.ly/3B1G7PQ.

BitMEX launched non-stop new products this summer including the AAVEUSDT Perpetual Swap, MATICUSDT Perpetual Swap, VETUSDT Perpetual Swap, SOLUSDT Perpetual Swap, FILUSDT Perpetual Swap, and the launch of the XBTEUR Perpetual Swap and Futures contracts. To keep up to date, visit our blog, follow us on Twitter or join our Telegram channel.

About BitMEX

BitMEX is the next generation cryptocurrency trading platform that supports leveraged trading across perpetual and futures contracts. Our mission is to professionalize trading in cryptocurrency derivatives. We offer a fast, secure and liquid way to trade and hedge cryptocurrency risks. More information is available at www.bitmex.com.

Media contact

Winky Chow/Jess Lo
(+852) 2201-6474 / (+ 852) 2201-6473
[email protected]/[email protected]

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SOURCE 100x group