2023-08-29 15:56:03
Renowned cryptocurrency exchange BitMEX has announced the listing of Shiba Inu (SHIB) and Bone ShibaSwap (BONE) perpetual contracts. In a blog post, the platform revealed that it will allow users to trade SHIB tokens with up to 33x leverage.. On the other hand, BONE will be able to be traded in pairs of USD and USDT with a leverage of up to 5x. Users will be able to trade Shibarium’s gas token, BONE, in a large amount, creating bullish momentum in the token’s price action.
This is another good news for Shiba Inu in no time. Previously, The main developer of the cryptocurrency protocol announced the reopening of the Shibarium layer 2 blockchain to the public following two weeks of unavailability.. However, BitMEX claims that it will allow users to enjoy up to 33x leverage on SHIB/USD and SHIB/USDT, which is the highest in the cryptocurrency space.
BitMEX added:
“As with all quanto contracts, the SHIB/USD product has a fixed Bitcoin multiplier, regardless of the SHIB/USD price. This allows traders to trade long or short the SHIB/USD exchange rate without having to touch SHIB or USD.”
Shib And Bone Rise In Price Amid Bitmex Listings
The cryptocurrency market is going through a period of uncertainty and fear. It is a time when many coins are just barely holding their support levels and a constant threat of price degradation lurks in the market. However, recent developments have helped SHIB and BONE carve out a niche in the Bitmex market.
SHIB has grown by 1.3% in the last 24 hours. It is currently trading at a price of $0.00000812 with a market capitalization of $4.78 billion. At the same time, BONE is trading at $1.27. In the last 24 hours. It managed to reach a high of $1.30. However, the coin’s 24-hour trading volume has seen a drop of more than 54%.
These price changes may seem insignificant, but they are of the utmost importance for these tokens in these market circumstances. The number of SHIB and BONE holders is expected to increase following the launch of the Shibarium mainnet. Therefore, the prices of both tokens might see a bullish run in the long term. Investors and traders are also closely watching these tokens, which is a positive sign for their performance in the market.
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