BitMEX Launches Equity Perps for 24/7 Stock Trading

BitMEX has launched Equity Perps, a new derivatives product that enables traders to gain exposure to major U.S. stocks and equity indices, such as Amazon, Apple, Tesla, the S&P 500, and the Nasdaq, using cryptocurrency like Bitcoin or Tether as margin collateral. These are cash-settled perpetual swap contracts that trade 24/7, even when traditional U.S. stock markets are closed. Prices are anchored to the underlying reference index via a funding rate mechanism, similar to BitMEX's crypto perpetuals. Traders can utilize up to 20x leverage. Stephan Lutz, CEO of BitMEX, stated that this launch extends their derivatives expertise to broader global markets by removing traditional market hours and accepting crypto collateral. Trading features a maker rebate of 2.5 basis points and a taker fee of 7.5 basis points, with funding exchanged every eight hours. To celebrate the launch, BitMEX is offering a 70,000 USDT prize pool for eligible users.

(Source：BeInCrypto)