BitMEX Listing: Shiba Inu & BONE Perpetual Contracts
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BitMEX Listing should Announce Shiba Inu And BONE Perpetual Contracts Listing: Crypto Buzz Explained
Cryptocurrency enthusiasts are abuzz with excitement as BitMEX, a prominent crypto exchange, recently made a groundbreaking announcement. BitMEX has unveiled the listing of perpetual contracts for Shiba Inu (SHIB) and Bone ShibaSwap (BONE), two tokens that have been making waves in the crypto world. This development is accompanied by significant price jumps, attracting the attention of traders and investors alike. In this comprehensive article, we will delve deep into this exciting news, exploring what it means for the crypto community and the potential impact on the market. Price should go up due to more exposure.
A Game-Changing Move by BitMEX:BitMEX Listing
BitMEX has always been at the forefront of innovation in the crypto space, and their recent announcement reaffirms their commitment to providing cutting-edge opportunities for traders. On a pivotal Tuesday, the exchange declared the inclusion of Shiba Inu (SHIB) and Bone ShibaSwap (BONE) perpetual contracts. These contracts enable users to trade SHIB tokens with leverage of up to 33x, while BONE can be traded in USD and USDT pairs with leverage of up to 5x. This exciting news follows the temporary unavailability of the L2 blockchain Shibarium, which has been eagerly anticipated by the crypto community after nearly two weeks of downtime.
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Unveiling Shiba Inu Perpetual Contracts:BitMEX Listing
BitMEX’s official blog post on August 29 introduced the addition of Shiba Inu perpetual contracts in both USD and USDT pairs. Traders can now enjoy unparalleled leverage of up to 33x on SHIBUSD and SHIBUSDT contracts, claiming the top spot in the industry.
“As with all quanto contracts, the SHIBUSD product has a fixed Bitcoin multiplier, regardless of the SHIB/USD price. This allows traders to long or short the SHIB/USD exchange rate without ever touching SHIB or USD.”
With 33x leverage on the SHIBUSD Quanto Contract and 20x leverage on the SHIBUSDT Linear Contract, traders have a multitude of options at their disposal. The listing became available on August 30, opening up new avenues for traders looking to capitalize on Shiba Inu’s potential.
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Introducing BONE Perpetual Contracts
In addition to SHIB, BitMEX also announced the inclusion of BONE perpetual contracts in USD and USDT pairs. Both BONEUSD and BONEUSDT contracts offer traders leverage of up to 5x. This development is particularly exciting for those interested in trading Shibarium’s gas token, BONE, in substantial quantities. The introduction of BONE perpetual contracts is expected to drive considerable momentum in BONE’s price, attracting traders seeking opportunities for profit.
SHIB and BONE Prices in Motion
The crypto market has already witnessed the impact of BitMEX’s announcement, with both SHIB and BONE experiencing notable price movements.
SHIB Price Surge: In the past 24 hours, SHIB’s price has surged by 2%, with the current trading price standing at $0.0000080. The 24-hour low and high for SHIB are $0.00000797 and $0.00000828, respectively. Additionally, the trading volume has witnessed a remarkable 40% increase within the same period, indicating a heightened interest among traders.
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BONE Price Uptrend: BONE, too, has demonstrated resilience in the market, trading at $1.28, reflecting a 1% increase in the last 24 hours and a substantial 9% gain over the past week. The 24-hour low and high for BONE are $1.26 and $1.30, respectively. The positive price action for BONE further underscores the enthusiasm surrounding the Shibarium ecosystem.
What Lies Ahead for SHIB and BONE?
As Shiba Inu and BONE token holders celebrate the Shibarium mainnet’s reopening, the future looks promising. The excitement generated by BitMEX’s perpetual contracts listing is poised to fuel long-term growth in the prices of SHIB and BONE. Investors and traders are closely monitoring these developments, anticipating further price surges and opportunities for profit in the crypto market.
Conclusion: BitMEX Listing
In conclusion, BitMEX’s announcement of perpetual contracts for Shiba Inu and Bone ShibaSwap has injected new energy into the crypto market. These exciting developments offer traders enhanced opportunities for profit and contribute to the continued growth of SHIB and BONE prices. As crypto enthusiasts eagerly embrace these changes, the future of Shiba Inu and BONE tokens appears brighter than ever.
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FAQs: BitMEX Listing
What is the significance of BitMEX listing perpetual contracts for SHIB and BONE?
BitMEX’s listing of perpetual contracts for SHIB and BONE offers traders the opportunity to trade these tokens with leverage, enhancing their trading strategies and profit potential.
When did BitMEX announce the listing of SHIB and BONE perpetual contracts?
BitMEX made the official announcement on August 29, 2023, introducing perpetual contracts for Shiba Inu (SHIB) and Bone ShibaSwap (BONE).
How much leverage can traders enjoy with SHIB and BONE perpetual contracts?
sTraders can leverage SHIB contracts up to 33x and BONE contracts up to 5x, providing flexibility in their trading approaches.
What impact has BitMEX’s announcement had on SHIB and BONE prices?
Following BitMEX’s announcement, SHIB witnessed a 2% price jump, while BONE experienced a 1% increase in the last 24 hours and a notable 9% gain in a week.
What is the current trading price of SHIB and BONE?
SHIB is currently trading at $0.0000080, while BONE is trading at $1.28.
What can we expect for the future prices of SHIB and BONE?
With the reopening of Shibarium’s mainnet and the listing of perpetual contracts, SHIB and BONE prices are likely to experie
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