On January 7, the cryptocurrency derivatives exchange BitMEX announced the launch of "Equity Perps." This innovative derivative trading product allows traders to use cryptocurrency as collateral to directly participate in investments in mainstream U.S. stocks and indices. This release marks a significant expansion of BitMEX's product offerings beyond the single cryptocurrency market, breaking the time constraints of U.S. stock market hours and enabling users to trade traditional stock assets 24/7.
Equity Perps are cash-settled derivatives with no expiration date, designed to track the price movements of individual U.S. stocks or indices. Similar to BitMEX's existing cryptocurrency perpetual contracts, this product ensures that contract prices closely follow the reference index through a funding rate mechanism. Traders can use Bitcoin and USDT as collateral for long and short trades with up to 20x leverage.
BitMEX CEO Stephan Lutz stated, "Equity Perps allow traders to leverage their cryptocurrency assets to enter the U.S. stock market in a more flexible way. By eliminating the constraints of traditional trading hours and introducing cryptocurrency as collateral, we bring BitMEX's renowned reliability and high performance to a broader global market, further extending our expertise in the derivatives space."
Initial Launch and Trading Mechanism
The first batch of contracts covers popular U.S. stocks and indices, including Amazon, Apple, Circle, Coinbase, Meta, Nvidia, Robinhood, Tesla, as well as the S&P 500 and Nasdaq indices. BitMEX plans to gradually expand the variety of contracts in the future. Trading is open 24/7. In terms of pricing mechanism, during U.S. stock trading hours, index prices are primarily based on real-time stock prices; during U.S. stock market closures, they are supported by tokenized spot prices from multiple exchanges.
Fees and Settlement Rules
All Equity Perps on BitMEX offer a 2.5 basis points (bps) rebate for limit orders, with a taker fee of 7.5 bps. The funding rate is settled every 8 hours and remains consistent with BitMEX's existing perpetual contract mechanism, regardless of whether the U.S. stock market is open. For corporate actions such as stock splits, affected contracts will be settled early and re-listed after the relevant actions are completed.
To celebrate the launch of the new product, BitMEX is offering a special event with a total prize pool of 70,000 USDT. Eligible users trading Equity Perps can participate in the prize distribution and enjoy rebate benefits on all contracts. For more product guides and educational resources, visit the BitMEX official website and the official blog.
About BitMEX
BitMEX is a pioneering exchange for cryptocurrency derivatives trading, providing a platform that meets the needs of professional cryptocurrency traders through low latency, deep crypto-native liquidity, and unparalleled reliability.
Since its inception, BitMEX has never lost any cryptocurrency due to breaches or hacks, allowing BitMEX users to trade with peace of mind while ensuring they have access to the products and tools they need to profit.
BitMEX is also one of the first exchanges to publicly disclose on-chain proof of reserves and liabilities, releasing this data twice a week to demonstrate the secure storage and segregation of custodial funds.
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