BitMEX Has Launched Equity Perps for 24/7 Trading
BitMEX launched Equity Perps, offering 24/7, crypto-collateralized perpetual swaps on major US stocks and indexes.Summary
BitMEX is expanding into traditional finance by launching Equity Perps, a new line of perpetual swap contracts that allow 24/7, crypto-collateralized exposure to major US stocks and indexes like Apple, Tesla, and the S&P 500. This move mirrors how perpetual swaps reshaped crypto markets by offering non-expiring, leveraged exposure outside of traditional limited market hours.
The launch coincides with growing demand for on-chain equities, evidenced by Bitget's $1 billion in tokenized stock trading volume and Kraken xStocks surpassing $10 billion in volume. BitMEX CEO Stephan Lutz stated the product targets younger investors who prefer speculative assets and desire flexible trading times, allowing them to use existing crypto assets as collateral.
The cash-settled Equity Perps are offered via a Panamanian entity and support multi-asset collateral, including BTC, ETH, and stablecoins. While this structure aims to bypass some complexities of spot tokenized shares, the rapid rise of such products remains in a regulatory gray zone, though BitMEX asserts its commitment to compliance.
(Source：Cointelegraph)