BitMEX has officially launched a new trading opportunity for its users with the introduction of MOODENGUSDT perpetual swaps. The new listing, which went live on October 4, 2024, at 04:00 UTC, offers traders the ability to long or short the Solana-based memecoin MOODENG with leverage of up to 50x, according to BitMEX Blog.

Enhanced Trading Opportunities

The introduction of MOODENGUSDT adds to BitMEX’s growing list of perpetual swaps, providing traders with more options to diversify their portfolios. The move is expected to attract traders interested in the volatility and rapid movements often associated with memecoins. This listing allows users to capitalize on potential price movements with amplified returns due to the high leverage offered.

Details of the Listing

Traders can access the new MOODENGUSDT contract on the BitMEX trading platform. The full specifications of the contract are available on the BitMEX website, offering transparency and detailed insights into the trading terms and conditions. This strategic addition aligns with BitMEX’s commitment to expanding its offerings and catering to the growing demand for diverse trading instruments.

Market Context

The introduction of MOODENGUSDT perpetual swaps comes amid a growing interest in Solana-based assets. Solana’s blockchain technology has gained traction for its speed and efficiency, making it a popular choice for developers and traders alike. As memecoins continue to capture the market’s attention, MOODENG’s listing on BitMEX could drive further engagement and trading activity.

For more information on the MOODENGUSDT listing and its trading conditions, interested parties can visit the BitMEX Blog.

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