Darius Baru
September 24, 2024, 4:10 p.m.
BitMEX launches the Bitcoin futures contract XBTX24, which will be available for trading starting September 24, 2024, and will settle on November 29, 2024.
BitMEX has announced the launch of its new Bitcoin (BTC) futures contract XBTX24. According to BitMEX Blog, the contract was released for trading on September 24, 2024 at 04:00 UTC. The XBTX24 futures contract will be available until its expiration on November 29, 2024.
Details of the XBTX24 contract
The XBTX24 contract is the latest addition to BitMEX's offering of monthly Bitcoin futures contracts. Trading in this contract began on September 24, 2024, and expires on November 29, 2024. This new product is designed to provide traders with additional ways to participate in Bitcoin futures trading.
Other active contracts
BitMEX continues to offer a variety of Bitcoin futures contracts. In addition to XBTX24, the platform currently lists several other contracts, each with different quotation and settlement dates. For example:
- XBTU24: Listed on December 12, 2023, settlement on September 27, 2024.
- XBTV24: Listed on August 27, 2024, settlement on October 25, 2024.
- XBTZ24: Listed on March 12, 2024, settlement on December 27, 2024.
- XBTH25: Listed on June 11, 2024, settlement on March 28, 2025.
- XBTM25: Listed on September 10, 2024, settlement on June 27, 2025.
Impact on the market
The launch of the XBTX24 contract is expected to generate significant interest among traders looking to capitalize on Bitcoin's volatility and liquidity. Futures contracts like XBTX24 are crucial for traders looking to hedge their positions or speculate on future price movements of Bitcoin.
Known for its robust trading platform, BitMEX is continuously expanding its offerings to meet the evolving needs of the cryptocurrency market. The addition of XBTX24 is a testament to the platform's commitment to offering diverse trading instruments to its users.
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