BitMEX Launches New XBTG25 Bitcoin Futures Contract
Date: 2024-12-24 Author: Henry Casey Categories: BUSINESS
BitMEX has introduced the XBTG25 futures contract, which began trading on December 24, 2024, at 04:00 UTC. The contract is backed by Bitcoin and is also settled in Bitcoin. XBTG25 will expire on February 28, 2025, offering traders a new tool for trading Bitcoin futures.
This new tool is part of BitMEX’s efforts to expand its range of financial products. The contract allows traders to speculate on the future value of Bitcoin against the US dollar. Specific settlement dates are clearly defined, making trading more convenient and transparent. In addition to XBTG25, users can also trade other contracts such as XBTZ24, XBTF25, and XBTH25, each with their own listing and settlement dates.
BitMEX’s futures contracts cater to a variety of trader strategies and preferences. For example, XBTZ24 was launched on March 12, 2024, and expires on December 27, 2024. XBTF25 began trading on November 26, 2024, and is scheduled to settle on January 31, 2025. The XBTH25 contract will expire on March 28, 2025. This sequence allows traders to choose contracts that better suit their market expectations and risk management practices.
The launch of the XBTG25 contract is intended to increase liquidity on the BitMEX platform and provide traders with new opportunities for more active trading. By expanding the range of futures instruments, the company aims to attract not only retail but also institutional investors interested in working with Bitcoin through futures. This initiative reflects the growing demand for more complex financial products in the cryptocurrency industry.
Traders can start working with XBTG25 directly on the BitMEX platform. The launch of this contract highlights the company's commitment to creating versatile and adaptable solutions that meet the changing requirements of the cryptocurrency community.
