BitMEX, the Seychelles-based cryptocurrency exchange, has introduced four new perpetual contracts for the Shiba Inu ecosystem, providing traders with up to 33x leverage. The newly listed perpetual trading pairs include SHIBUSDT, SHIBUSD, BONEUSDT, and BONEUSD.
As a leading crypto trading platform, BitMEX’s addition of two perpetual contracts for Shiba Inu offers users the opportunity to take long or short positions on SHIB tokens with significant leverage. Furthermore, BitMEX has expanded its support to include the Governance token of the Shiba Inu Ecosystem, Bone ShibaSwap (BONE). The platform has launched two more perpetual trading pairs, namely BONEUSDT and BONEUSD, both offering leverage of up to 5x.
BitMEX, founded in 2014, has gained prominence as a cryptocurrency exchange and derivative trading platform. It empowers traders to engage in transactions involving more than 26 cryptocurrencies, characterized by low fees.
According to CoinMarketCap, BitMEX ranks 39th among cryptocurrency exchanges based on daily trading volume. Over the last 24 hours, users on the platform have exchanged digital assets valued at approximately $942,267.
This development follows closely after the launch of Shiba Inu’s L2 blockchain, Shibarium, which recently achieved a notable milestone by surpassing 500,000 transactions. According to data from Shibariumscan.io, the blockchain explorer for Shibarium, the network has processed a total of 514,576 transactions. The unique wallet addresses associated with Shibarium have grown to 304,045, and the Mainnet has produced 366,079 blocks, boasting an average block time of 5 seconds.
Shibarium Tech’s official website further discloses that the Community has staked a substantial amount of 21.63 million BONE tokens, amounting to $28.56 million, on the Shibarium Network. These recent developments within the Shiba Inu ecosystem and BitMEX’s expanded offerings reflect the evolving landscape of cryptocurrencies and their growing influence on trading platforms and blockchain networks.