BitMEX said early Friday morning it plans to introduce futures markets for two cryptocurrencies, the first new coins to appear on the exchange in over two years.
- Tezos has traded on BitMEX before, however. Prior to the project’s initial coin offering (ICO) in 2017, XTZ/BTC futures were listed on BitMEX and settled at the sale price of 0.0002 BTC per tezos.
- The last time BitMEX listed a new token was June 2018, when it announced a TRON/BTC futures market.
- Notably, the new altcoin futures will trade against tether (USDT) instead of bitcoin (BTC). In Friday's announcement, BitMEX said the reason for this is because “USDT pairs account for over 60% of overall altcoin volume.” By listing tether pairs, “we are providing users with the trading options to better meet their needs,” BitMEX said.
- More details are to come later Friday, the Seychelles-based exchange said.
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