BitMEX Exchange Launches Four New Perpetual Contracts For Shiba Inu (SHIB) and BONE

BitMEX, a Seychelles-based crypto exchange, has unveiled four new perpetual contracts with leveraged trading options for Shiba Inu (SHIB) and BONE, which includes SHIBUSDT, SHIBUSD, BONEUSDT, and BONEUSD.

BitMEX, widely recognized as a leading crypto trading platform, continues to expand its offerings by introducing two new perpetual contracts for Shiba Inu on its platform. This strategic move provides BitMEX users with the opportunity to engage in both long and short positions for SHIB, utilizing leverage of up to 33x.

Similarly, BitMEX has demonstrated its support for the governance token of the Shiba Inu ecosystem, Bone ShibaSwap (BONE), by launching two new perpetual trading pairs: BONEUSDT and BONEUSD. These pairs offer leverage options of up to 5x.

BitMEX: A Premier Trading Platform

Established in 2014, BitMEX has solidified its position as a leading cryptocurrency exchange and derivative trading platform. Through its user-friendly interface, traders can seamlessly buy and sell over 26 cryptocurrencies while enjoying low transaction fees.

According to CoinMarketCap, BitMEX currently occupies the 38th spot in terms of daily trading volume among cryptocurrency exchanges. Recent CoinMarketCap data reveals that the platform recorded a trading volume of $568,470 in digital assets within the last 24 hours.

Shibarium’s Milestone Achievement

This development coincides with the recent milestone achievement of Shibarium, the newly launched Layer-2 blockchain of Shiba Inu. Surpassing the threshold of 500,000 transactions, Shibarium continues to solidify its utility within the ecosystem.

Data from Shibariumscan.io, the dedicated blockchain explorer for Shibarium, indicates that the network has successfully processed a total of 541,533 transactions thus far. Furthermore, the number of unique wallet addresses connected to Shibarium has risen to 337,109. As of now, the Mainnet has produced 372,462 blocks, boasting an impressive average block time of just 5 seconds.

BitMEX’s introduction of four new perpetual contracts tailored to the Shiba Inu ecosystem amplifies the opportunities for traders seeking exposure to SHIB and BONE.

As Shibarium continues to exemplify its utility by surpassing significant transaction milestones, the growth and potential of the Shiba Inu ecosystem remain compelling.

Traders and enthusiasts alike eagerly anticipate the further development and expansion of these offerings, fueling the continued success of both BitMEX and the Shiba Inu community.

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